Tag Archives: trial

The first trial linked to the Varsity Blues scandal is officially underway, with defense lawyers heavily emphasizing how the parents accused of fraud and bribery conspiracy were victims in a scheme perpetrated by a con man, according to their opening statements on Monday. Two fathers, both successful businessmen, are on trial this month over their alleged participation in a widespread criminal scheme to fraudulently secure college admissions for their children. Gamal Abdelaziz, a former casino… Source link

The federal judge overseeing the criminal fraud trial of former Theranos CEO and Silicon Valley biotech entrepreneur Elizabeth Holmes on Monday denied a request by her co-defendant Ramesh “Sunny” Balwani for guaranteed access to the high-profile proceedings. “Mr. Balwani hereby moves this Court to reserve two seats for members of his defense team at Ms. Holmes’ trial in order to maintain a level playing field between the defense and prosecution leading up to Mr. Balwani’s trial,”… Source link

Two parents are set to face trial starting Wednesday over their alleged participation in a widespread criminal scheme to fraudulently secure college admissions for their children. In 2019, the Justice Department announced charges related to an alleged conspiracy that involved parents of aspiring undergraduate students collectively paying more than $25 million to a middleman who secured student-athlete placements at highly selective U.S. universities including Georgetown, Stanford, UCLA, and… Source link

Opening statements are set to begin today in a long-delayed and anticipated criminal fraud trial against Elizabeth Holmes, a Stanford University dropout whose blood-testing company, Theranos, propelled her to become the world’s youngest female self-made billionaire. Holmes, now 37, launched the Silicon Valley startup in 2003 at just 19 years old, with a vision to overhaul diagnostic health care. Over more than a decade, the entrepreneur sold investors on the idea of developing an analyzer,… Source link

Lawyers on Tuesday are scheduled to begin selecting a jury for the trial to decide the fate of one of Silicon Valley’s most lambasted entrepreneurs, former Theranos CEO Elizabeth Holmes. But it’s not just Holmes who’s on trial — the case could expose the region’s startup business culture to new criticism. Holmes, 37, once proclaimed the youngest female self-made billionaire — and featured in Yahoo Finance’s new original documentary “Valley of Hype,” available to stream at 5 p.m. on… Source link

(Bloomberg) — Elon Musk was acting as a proper chief executive officer as Tesla Inc. weighed the purchase of power provider SolarCity in 2016, his longtime ally and fellow Tesla director Antonio Gracias told a judge. A two-week trial over the billionaire CEO’s role in the $2 billion transaction wrapped up on Monday, and now Judge Joseph Slights III must decide whether Musk — who was the solar company’s chairman and largest shareholder at the time — properly removed himself from the… Source link

SAN JOSE, CALIFORNIA – MAY 4: Theranos founder Elizabeth Holmes leaves the Robert F. Peckham Federal Building with her defense team in downtown San Jose, Calif., on Tuesday, May 4, 2021. (Photo by Nhat V. Meyer/MediaNews Group/Mercury News via Getty Images) A federal judge on Wednesday denied a request from former Theranos CEO Elizabeth Holmes to keep customer complaints, test results, and a regulatory report out of her upcoming criminal fraud trial connected to her failed blood-testing… Source link

Law360 (July 30, 2021, 5:46 PM EDT) — Delaware Chancery Court on Friday ordered a new trial and directed former Yahoo owner Altaba Inc. to set aside a $749 million patent infringement suit cash reserve previously ruled unnecessary, citing post-trial disclosures and actions that “undermined” court confidence that the cash would be available if needed. The decision followed a motion for a new trial filed by software venture Droplets Inc., which has been battling Altaba and Yahoo since… Source link

By Tom Hals and Sierra Jackson WILMINGTON, Del. (Reuters) – Elon Musk insisted in court on Monday he does not control Tesla Inc and said he did not enjoy being the electric vehicle company’s chief executive as he took the stand to defend the company’s 2016 acquisition of SolarCity. The lawsuit by union pension funds and asset managers alleges the celebrity CEO strong-armed Tesla’s board into wasting the company’s assets to buy SolarCity, which was running out of cash. Musk at the time… Source link

Angel Cabrera, a two-time major champion,was arrested in January in Brazil on various assault and theft charges. (Rey Del Rio/Getty Images) Former PGA Tour golfer Angel Cabrera was extradited from Brazil to Argentina on Tuesday so he can stand trial on , . Cabrera was arrested in Brazil in January on five years worth of charges, including assault, theft, illegal intimidation and repeated disrespect to authorities. Cabrera’s ex-wife, Silva Rivadero, allegedly filed multiple charges against… Source link