Theranos’ Elizabeth Holmes Judge Upholds Conviction in Preliminary Ruling – Bloomberg

Lawyers for Theranos Inc. founder Elizabeth Holmes failed in a long-shot attempt to get her fraud conviction thrown out by telling the judge who oversaw her trial a version of events that highlighted her company’s accomplishments.

US District Judge Edward Davila on Thursday issued a preliminary ruling upholding the guilty verdict reached by a jury in January.

Holmes’s bid to get the judge to overturn the verdict was a gamble that almost all white-collar criminal convicts make, and rarely win. It’s a procedural step to challenge a conviction on appeal.

Source: Theranos’ Elizabeth Holmes Judge Upholds Conviction in Preliminary Ruling – Bloomberg