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Elizabeth Holmes seeks to avoid prison for Theranos fraud

Elizabeth Holmes, who was convicted in January of defrauding investors in her blood-testing startup, asked an American judge not to sentence her to imprisonment.

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On Monday, Davila rejected Holmes' requests for a new trial, including over a claim that a key prosecution witness visited her at home and made statements that undermined his testimony. Holmes founded Theranos in 2003 at age 19, before dropping out of Stanford University. Theranos was once valued at $9 billion, and Forbes magazine in 2015 estimated Holmes' net worth at $4.5 billion.