Theranos founder Elizabeth Holmes seeks to overturn fraud conviction

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Lawyers for Theranos founder Elizabeth Holmes and company President Ramesh "Sunny" Balwani on Tuesday urged a federal appeals court to overturn their convictions for defrauding investors in the failed blood testing startup, which was once valued at $9 billion.

FILE PHOTO: Theranos founder Elizabeth Holmes arrives to begin serving her prison sentence for defrauding investors in the failed blood-testing startup, at the Federal Prison Camp in Bryan, Texas, U.S. May 30, 2023.

Saharia said the trial judge improperly allowed former Theranos employee Kingshuk Das to testify as a scientific expert about Theranos's product without making him face cross-examination about his qualifications. Assistant U.S. Attorney Kelly Volkar, arguing for the government, disputed that Das had improperly testified as an expert, saying he was called to talk about his personal experience at Theranos. She also said that"it was not really contested that the device did not work."

Nguyen and Nelson, however, also both told Volkar that they had concerns about what opinions Das was allowed to give during the trial.

 

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