Theranos Founder Elizabeth Holmes Reports to Texas Prison
May 31, 2023 No Comments
Entrepreneur starts her 11-year term after her conviction for defrauding blood-testing company’s investors
Entrepreneur starts her 11-year term after her conviction for defrauding blood-testing company’s investors
Her motives are still somewhat mysterious, and some supporters say federal prosecutors targeted her unfairly in their zeal to bring down one of the most prominent practitioners of fake-it-til-you-make-it — the tech sector’s brand of self-promotion that sometimes veers into exaggeration and blatant lies to raise money.
Ms. Holmes and former deputy Sunny Balwani ordered to pay $452 million in restitution
Disgraced Theranos founder Elizabeth Holmes has delayed the start of her more than 11-year prison sentence after lodging another appeal.
Holmes, 39, was convicted last year on four counts of fraud linked to her failed blood testing start up.
Judge who oversaw Holmes’s criminal-fraud trial says she still has to report to federal prison on April 27
Ms. Holmes was found guilty on three counts of fraud and one count of conspiracy to commit fraud against Theranos investors in January 2022. Judge Davila sentenced her in November to more than 11 years in prison and ordered her to surrender to prison April 27.
After the Ninth Circuit Court of Appeals issued a decision refusing Balwani’s request, U.S District Judge Edward Davila on Friday ordered him to start his nearly 13-year prison sentence on April 20.
Disgraced Theranos CEO Elizabeth Holmes on Friday made what might be her final court appearance before beginning a 11-year prison sentence, unless a judge grants her request to remain free while her lawyers appeal her conviction for masterminding a blood-testing hoax.
Former Theranos CEO Elizabeth Holmes attempted to flee the country after she was found guilty on multiple charges last year, attorneys said Thursday.
Theranos founder Elizabeth Holmes should spend 15 years in prison and pay $800 million in restitution to investors defrauded in the blood testing start-up, U.S. prosecutors recommended late on Friday.
A federal judge denied Elizabeth Holmes’s bid for a new trial, the latest setback for the Theranos Inc. founder who was convicted of fraud in January.
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