Tag Archives: Holmes

[unable to retrieve full-text content]As Elizabeth Holmes heads to prison for fraud, questions remain about her motives  Yahoo Finance Source link

ABC is looking to cut ties with Amy Robach and T.J. Holmes amid their headline-making romance. (Photos: Getty Images) 1/27/2023 3:45 p.m. UPDATE: An ABC spokesperson tells Yahoo Entertainment that Amy Robach and T.J. Holmes have left the network: “After several productive conversations with Amy Robach and T.J. Holmes about different options, we all agreed it’s best for everyone that they move on from ABC News. We recognize their talent and commitment over the years and are thankful for… Source link

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

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

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

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

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

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

It’s no surprise that Elizabeth Holmes’ co-defendant and former boyfriend, Ramesh “Sunny” Balwani, came out swinging against her Tuesday in opening statements to his criminal fraud trial, defense lawyers say. “Sunny Balwani did not start Theranos. He did not control Theranos,” Balwani’s attorney, Steve Cazares, told jurors in opening arguments, The New York Times and other media organizations reported. The description of Balwani’s role countered that of prosecutors, who Source link

Theranos founder Elizabeth Holmes was convicted on three counts of criminal wire fraud and one count of conspiracy to commit wire fraud Monday, with a jury unanimously finding her guilty of illegally fleecing investors out of millions of dollars through her startup blood diagnostics company.  The jury deadlocked on three counts of wire fraud, and she was found not guilty on four counts of defrauding patients. Holmes, 37, turned toward the judge and jurors as the judge’s deputy read the… Source link