<p>In January, Holmes, 37, was found guilty of defrauding investors in the blood testing startup, convicting her on four of 11 counts. She was convicted of investor fraud and conspiracy, but acquitted on three counts of defrauding patients who paid for tests from Theranos, and a related conspiracy charge.</p>
<div style="page-break-before: always; page-break-after: always;">
<p id="2">In July, former Theranos President Ramesh &ldquo;Sunny&rdquo; Balwani was also convicted of defrauding investors and patients about Theranos. Holmes&rsquo; lawyers filed for a new trial in September citing &ldquo;newly discovered&rdquo; evidence from the government&rsquo;s statements made at the closing arguments of Balwani&rsquo;s trial, as well as alleged government misconduct.</p>
<p id="3">In Monday&rsquo;s ruling, US district judge Edward Davila said that the arguments brought forward by Holmes&rsquo; lawyers for a new trial did not produce enough material evidence to prove alleged government misconduct, adding that the statements made by the government at Balwani&rsquo;s trial were not material to result in Holmes&rsquo; acquittal. Holmes is scheduled for sentencing on November 18. Holmes rose to fame after founding Theranos in 2003 at age 19. She faces up to 80 years in prison, but will likely get a much lower sentence.&nbsp;</p>
</div>

Theranos founder Elizabeth Holmes' request for new trial rejected

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