Ramesh Balwani, a former executive of Theranos, is starting his nearly 13-year prison sentence. He and another executive were charged with deceiving the public about the abilities of their blood testing company.
WASHINGTON—Federal prosecutors want Elizabeth Holmes to pay $250 each month to victims of her failed blood testing startup after she leaves prison, but her attorneys are pushing back, citing “limited financial resources” available to the disgraced founder of Theranos. The United States filed a motion last week asking the court to correct “clerical errors” which […]
BRYAN, Texas—Theranos founder Elizabeth Holmes entered Texas prison where she could spend the next 11 years for overseeing a blood-testing hoax that became a parable about greed and hubris in Silicon Valley. Holmes, 39, on Tuesday entered a federal women’s prison camp located in Bryan, Texas—where the federal judge who sentenced Holmes in November recommended […]
A judge denied a former medical executive’s plea to delay her prison sentence and ordered her to pay a multi-million dollar restitution fee. Unemployment benefits for illegal immigrants in California? That’s what one state senator is proposing through a new bill. Big cities across California are asking for more funding to address their growing homeless […]
A former executive of Theranos will start his prison sentence on April 20, after he and founder Elizabeth Holmes were charged with defrauding investors. Three of California’s largest utility companies are proposing an income-based billing system. The plan would allow some households to save money while others could face higher electricity bills. An assemblyman shares […]
A GOP attorney just announced he’s joining next year’s U.S. Senate race. He’ll be up against a handful of current representatives all hoping to replace Sen. Dianne Feinstein (D-Calif.). Theranos CEO Elizabeth Holmes has just been denied her request to remain free on bail. A U.S. judge ruled she and her co-defendant cannot be free […]
A U.S. judge on Monday denied Theranos founder Elizabeth Holmes’ request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion. Holmes, who rose to fame after claiming Theranos’ small machines could run an array of diagnostic tests […]
SAN JOSE, Calif.—Former Theranos executive Ramesh “Sunny” Balwani was sentenced Wednesday to nearly 13 years in prison for his role in the company’s blood-testing hoax — a punishment slightly longer than that given to the CEO, who was his lover and accomplice in one of Silicon Valley’s biggest scandals. Balwani, 57, was convicted in July […]
Disgraced Theranos CEO Elizabeth Holmes was sentenced Friday to more than 11 years in prison for duping investors in the failed startup that promised to revolutionize blood testing but instead made her a symbol of Silicon Valley ambition that veered into deceit. The sentence imposed by U.S. District Judge Edward Davila was shorter than the […]
SAN JOSE, Calif.—Jurors in the case of former Theranos CEO Elizabeth Holmes on Thursday heard starkly different interpretations of her motives and actions as her long-running criminal trial nears the finish line. A federal prosecutor cast Holmes as a desperate con artist who brazenly lied to get rich, while her lawyer depicted her as a […]
SAN JOSE, Calif.—Theranos founder Elizabeth Holmes testified on Monday she was abused by her former romantic partner and Theranos executive Ramesh “Sunny” Balwani and that the relationship had a pervasive impact on her life during the time when she is accused of committing fraud. During her fourth day on the stand, Holmes, 37, occasionally choked […]
