Tag Archives: Elizabeth

Elizabeth Holmes’ former right-hand man appeals Theranos fraud conviction

Elizabeth Holmes’ former right-hand man appeals Theranos fraud conviction

Ramesh “Sunny” Balwani, former president and chief operating officer (COO) of Theranos and ex-boyfriend of founder Elizabeth Holmes, leaves after the opening day of his federal trial for wire fraud and conspiracy to commit wire fraud was postponed due to coronavirus disease (COVID-19) exposure in the courtroom in San Jose, California, U.S. March 16, 2022. REUTERS/Brittany Hosea-Small Ramesh “Sunny” Balwani, the former president and chief operating officer of the defunct Silicon Valley… Source link

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Elizabeth Holmes’ judge proposes low-security prison with family visitation

Elizabeth Holmes’ judge proposes low-security prison with family visitation

The judge who presided over Elizabeth Holmes’ fraud trial and sentenced her last week to more than 11 years in prison has recommended that the former Theranos CEO serve out her time in a low-security Texas federal prison camp. The recommendation for Holmes’ incarceration at FPC Bryan, a facility located about 100 miles northwest of Houston that houses only female inmates, came in a court filing on Wednesday. In addition to offering minimum security, the prison offers frequent family… Source link

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Here’s how Elizabeth Holmes may try to avoid prison as long as possible

Here’s how Elizabeth Holmes may try to avoid prison as long as possible

Elizabeth Holmes has at least one more opportunity to stay out of prison after a judge on Friday sentenced the once-aspiring biotech entrepreneur to 11 years and three months behind bars for defrauding a group of investors in her collapsed blood-testing startup, Theranos. Holmes’ freedom is dependent upon an expected appeal of her case, which her lawyers must file within two weeks. Once an appeal is filed, Holmes can request to remain out of custody while her appeal is considered by the 9th… Source link

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Elizabeth Holmes, Theranos founder, sentenced to 11.25 years in prison

Elizabeth Holmes, Theranos founder, sentenced to 11.25 years in prison

Elizabeth Holmes, founder and CEO of the collapsed Silicon Valley blood testing company, Theranos, has been sentenced to 11.25 years in prison plus three years supervised release for financial crimes she committed while running the once-high flying venture. Holmes was also fined a $400 million special assessment. Holmes must surrender to custody on April 27, 2023. Holmes is expected to appeal. The judge presiding over Holmes’ trial and sentencing said the landmark case, one of the most… Source link

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John Carreyrou did a ‘brilliant job of exposing Elizabeth Holmes’

John Carreyrou did a ‘brilliant job of exposing Elizabeth Holmes’

In 2014, the Wall Street Journal reporter John Carreyrou began investigating the biotech startup Theranos. Its founder, Elizabeth Holmes, claimed the company had revolutionary technology that could run sophisticated medical tests on patients with just one drop of blood. The more Carreyrou probed, the more he grew skeptical of Holmes’ claims. Eventually, he wrote a series of damning stories that revealed Holmes to be a fraud. Four years later, he published “Bad Blood: Secrets and Lies in a… Source link

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Theranos founder Elizabeth Holmes to make her pitch for new trial

Theranos founder Elizabeth Holmes to make her pitch for new trial

Convicted Silicon Valley entrepreneur Elizabeth Holmes is scheduled to make part of a last ditch effort for a new trial on Monday during a hearing in the San Jose federal district court where a jury in January convicted her of criminal fraud. Criminal defense lawyers who talked with Yahoo Finance say Holmes’ chance of securing a redo are slim— especially in the wake of a court document filed Wednesday by Dr. Adam Rosendorff the former laboratory director of her defunct blood-testing startup… Source link

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Google turns logo black to mark Queen Elizabeth II’s funeral

Google turns logo black to mark Queen Elizabeth II’s funeral

Google has turned the logo on its homepage black in the United Kingdom to coincide with the funeral of Queen Elizabeth II. Internet users in the UK woke up to an all-black version of the Google logo to mark the Queen’s funeral on 19 September, which was attended by dignitaries from around the world. The logo, which is usually blue, red, yellow and green, was accompanied by a black ribbon along with the text “Thank you, Ma’am” as well as a link that led visitors to a webpage that… Source link

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