- CompaniesNov 8 (Reuters) - Theranos founder Elizabeth Holmes' request for a new trial was denied by a federal judge in California late on Monday, court documents showed.In January, Holmes, 37, was found guilty of defrauding investors in the blood testing startup, convicting her on four of 11 counts.In July, former Theranos President Ramesh "Sunny" Balwani was also convicted of defrauding investors and patients about Theranos that was once valued at $9 billion.In Monday's ruling, U.S. District Judge Edward Davila said that the arguments brought forward by Holmes' 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's trial were not material to result in Holmes' acquittal.Holmes rose to Silicon Valley fame after founding Theranos in 2003 at age 19 and became known for her penchant for wearing Steve Jobs-like black turtlenecks."