Former Theranos CEO Elizabeth Holmes sentenced to 11 years in prison
The disgraced founder of the failed blood testing company Theranos was sentenced Friday to more than 11 years in federal prison. Elizabeth Holmes was convicted of fraud and conspiracy earlier this year for misleading investors and endangering patients with a bogus blood-testing technology.news.yahoo.com
Elizabeth Holmes arrives at court for sentencing
A federal judge on Friday will decide whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology. (Nov. 18) (AP video by Terry Chea)news.yahoo.com
Elizabeth Holmes gets more than 11 years for Theranos scam
Disgraced Theranos CEO Elizabeth Holmes has been sentenced 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.
Elizabeth Holmes faces judgment day for her Theranos crimes
A federal judge on Friday will decide whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology. Holmes’ sentencing in the same San Jose, California, courtroom where she was convicted on four counts of investor fraud and conspiracy in January marks a climactic moment in a saga that has been dissected in an HBO documentary and an award-winning Hulu TV series about her meteoric rise and mortifying downfall. U.S. District Judge Edward Davila will take center stage as he weighs the federal government’s recommendation to send Holmes, 38, to federal prison for 15 years.news.yahoo.com
Elizabeth Holmes' mother, father and brother beg a judge to give her a light sentence — and Senator Cory Booker and even an ex-CDC chief send letters in support
Cory Booker recalls eating almonds with Holmes; her parents discuss her ex, Sunny Balwani; and her partner confirms speculation she is pregnant again.news.yahoo.com
Prosecutors push 15-year sentence for Theranos' CEO Holmes
Federal prosecutors have asked a judge to sentence disgraced Theranos CE0 Elizabeth Holmes to 15 years in prison, arguing she deserves a lengthy prison term because her massive scheme duped investors out of hundreds of millions of dollars by falsely convincing them her company had developed a revolutionary blood testing device. Calling the case “one of the most substantial white collar offenses Silicon Valley or any other District has seen,” prosecutors vehemently rejected defense attorneys' characterization that Holmes had been unfairly victimized, in part by media coverage. Holmes is set to appear for sentencing on Nov. 18 in federal court in San Jose, California, nearly a year after she was convicted of three felony counts of wire fraud and one felony count of conspiracy to commit fraud.news.yahoo.com
Elizabeth Holmes asks for leniency for her Theranos crimes
Disgraced Theranos CEO Elizabeth Holmes is casting herself as a Silicon Valley scapegoat who overcame an abusive relationship to become a loving mother in an effort to avoid a lengthy prison sentence for duping investors in her failed blood-testing company.
Elizabeth Holmes asks for leniency for her Theranos crimes
Disgraced Theranos CEO Elizabeth Holmes is casting herself as a Silicon Valley scapegoat who overcame an abusive relationship to become a loving mother in an effort to avoid a lengthy prison sentence for duping investors in her failed blood-testing company. In an 82-page document filed late Thursday, Holmes' lawyers tried to persuade U.S. District Judge Edward Davila that sending Holmes to prison is unnecessary, partly because she has already been stigmatized by intense media coverage that has turned her into a “caricature to be mocked and vilified." If Davila decides she send her to prison, Holmes' lawyers argued she should be sentenced to no more than 18 months — a fraction of the maximum of 20 years she is facing after being convicted on four felony counts of investor fraud and conspiracy earlier this year.news.yahoo.com
Elizabeth Holmes Asks Judge to Please Be Nice to Her
Elizabeth Holmes and her legal defense team are asking for an 18-month period of house arrest, as opposed to the maximum 80 years of potential jail time the Theranos founder faces. In a lengthy memo pleading for leniency, Holmes requested that the court “look beyond that caricature,” of her in the media and “examine Ms. Holmes the human being.”news.yahoo.com
Bid for new trial fails, Elizabeth Holmes awaits sentencing
A federal judge has rejected disgraced Theranos CEO Elizabeth Holmes’ bid for a new trial after concluding a key prosecution witness’s recent attempt to contact her wasn’t enough to give award another chance to avoid a potential prison sentence for defrauding investors in her blood-testing company.
Bid for new trial fails, Elizabeth Holmes awaits sentencing
A federal judge rejected a bid for a new trial for disgraced Theranos CEO Elizabeth Holmes after concluding a key prosecution witness's recent remorseful attempt to contact her wasn't enough to award her another chance to avoid a potential prison sentence for defrauding investors at her blood-testing company. The ruling issued late Monday by U.S. District Judge Edward Davila is the latest setback for Holmes, a former Silicon Valley star who once boasted an estimated net worth of $4.5 billion but is now facing up to 20 years prison that would separate her from her 1-year-old son. In the latest twist in a Silicon Valley soap opera, Holmes appeared to be pregnant when she showed up for an Oct. 17 hearing about her request for a new trial.news.yahoo.com
Former partner of Elizabeth Holmes wins delay in sentencing
A federal judge on Monday granted a three-week delay in the sentencing of Ramesh “Sunny” Balwani, the former lover and accomplice of disgraced Theranos CEO Elizabeth Holmes, to give probation officers more time to recommend his punishment for engineering a scam tied to Theranos’ blood-testing technology. The revision means Balwani is now set to be sentenced after Holmes, 38, who is scheduled to find out on Nov. 18 whether she will be sent to prison for her conviction on four counts of investor fraud and conspiracy in a separate trial that concluded before his did. Both Holmes and Balwani are facing up to 20 years in prison.news.yahoo.com
Elizabeth Holmes seeks new trial, cites key witness' regrets
Disgraced Theranos CEO Elizabeth Holmes requested a new trial Tuesday, asserting in a court filing that a key witness for the prosecution now regrets the role he played in her conviction for investor fraud and conspiracy related to her failed blood-testing startup.
Judge declines to overturn Elizabeth Holmes guilty verdict
A federal judge on Thursday tentatively declined to overturn the jury conviction of disgraced Theranos CEO Elizabeth Holmes on four felony counts of fraud and conspiracy. U.S. District Judge Edward Davila won't make that decision final until Oct. 17, when he is scheduled to sentence Holmes in the same San Jose, California, courtroom where a jury found her guilty of duping investors in her much-hyped blood-testing startup. Holmes, 38, faces up to 20 years in prison and a $250,000 fine, plus restitution, for lying to investors about a Theranos technology she hailed as a revolution in healthcare but which in practice produced dangerously inaccurate results.news.yahoo.com
Jury takes fraud case against Elizabeth Holmes's ex-partner
The fate of hard-nosed technology executive Ramesh “Sunny” Balwani is now in the hands of a jury that will weigh criminal charges alleging he joined disgraced Theranos CEO Elizabeth Holmes, his former partner, in an elaborate fraud that jarred Silicon Valley.
Final arguments unfold in second act of Theranos trial drama
Federal prosecutors on Tuesday depicted former Theranos executive Ramesh “Sunny”” Balwani as an instrumental accomplice in a fraud hatched by his secret lover, Theranos CEO Elizabeth Holmes, while his lawyers depicted him as a loyal soldier who tried to save the blood-testing company.
Elizabeth Holmes' ex-lover, business partner faces own trial
Ramesh “Sunny” Balwani, the jilted lover and business partner of former Theranos CEO Elizabeth Holmes, will finally get a chance to defend himself against allegations that he was her accomplice in a Silicon Valley ruse revolving around a ballyhooed blood-testing technology that flopped.
Jury in Elizabeth Holmes trial hears replay of her boasts
Jurors in the fraud trial of former Theranos CEO Elizabeth Holmes returned to the courtroom Thursday to listen to a replay of audio recordings that captured her brash promises about a vaunted blood-testing technology the propelled her meteoric rise and scandalous downfall.
EXPLAINER: Why Elizabeth Holmes' trial hinges on intent
The high-profile trial of former Theranos CEO Elizabeth Holmes boils down to a single question: Did she cover up defects in her startup’s blood-testing technology to rip off investors while potentially endangering the lives of unwitting patients.
Theranos founder Elizabeth Holmes faces cross-examination
Former Theranos CEO Elizabeth Holmes spent another five hours on the witness stand Tuesday sparring with a federal prosecutor aiming to prove criminal allegations that she misled investors, customers, and patients about a flawed blood-testing technology that she spent years touting as a medical breakthrough.
Elizabeth Holmes accuses ex-lover, business partner of abuse
Disgraced entrepreneur Elizabeth Holmes on Monday cast herself as the abused puppet of her former lover and business partner Sunny Balwani during tearful testimony aimed at refuting accusations she lied about a flawed blood-testing technology that hailed as a major breakthrough.
Elizabeth Holmes denies deception at her criminal trial
Biotechnology entrepreneur Elizabeth Holmes, a former billionaire accused of engineering a massive scam, expressed some remorse while on the witness stand Tuesday, but denied trying to conceal that her company’s blood-testing methods weren’t working as she had promised.
Elizabeth Holmes makes her case to the jury in fraud trial
Fallen Silicon Valley star Elizabeth Holmes returned to the witness stand on Monday to tell a story likely to determine whether she is convicted or acquitted of criminal charges alleging she duped investors and patients into believing she had invented a breakthrough in blood-testing technology.
Elizabeth Holmes takes the stand in her criminal fraud trial
Fallen Silicon Valley star Elizabeth Holmes, accused of bamboozling investors and patients about her startup Theranos and its medical device that she said would reshape health care, unexpectedly took the witness stand Friday in her trial for criminal fraud.
Reporter recalls pivotal story in Elizabeth Holmes' stardom
A Fortune Magazine reporter whose story helped turn Elizabeth Holmes into a Silicon Valley sensation came to court Thursday to explain why he felt like he became a pawn in her attempts to hype a blood-testing technology she promised would revolutionize health care.
Former US defense secretary testifies in Holmes fraud trial
Former U.S. Secretary of Defense James Mattis testified Wednesday in the trial of fallen tech star Elizabeth Holmes, saying the entrepreneur misled him into believing she was on the verge of rolling out a blood-testing breakthrough that he hoped would help save lives of troops in battle.
Fallen tech star Elizabeth Holmes prepares to go on trial
A jury is being assembled to decide the fate of Elizabeth Holmes, a former Silicon Valley star facing felony charges of duping her elite financial backers and a high-powered board of directors into believing she had invented a revolutionary blood-testing technology that could detect hundreds of diseases with a finger prick.
Elizabeth Holmes Confidently Strides Out of Court After Legal Win
Elizabeth Holmes appeared in court Wednesday, where she won a request to quickly be granted access to millions of FDA documents in order to pull together her defense ahead of next year's trial. But the FDA was concerned that expediting the process of turning over the documents could potentially out a confidential informant. Holmes was photographed confidently striding out of federal court following the legal victory. RELATED STORIESElizabeth Holmes' New Hairdo Raises Eyebrows as Trial Is Set for Next SummerDid Elizabeth Holmes Get Married in Secret in an Effort to Get Pregnant Before Trial? Elizabeth Holmes Moves Out of San Francisco Apartment Where Inside Edition Tracked Her Down
Elizabeth Holmes' New Hairdo Raises Eyebrows as Trial Is Set for Next Summer
Elizabeth Holmes will officially go to trial next summer. Holmes fell hard when her company was shuttered last year and federal authorities accused her of "massive fraud." Two months later, Holmes was charged with multiple counts of fraud for misleading investors, government officials and consumers about Theranos' technology. RELATED STORIESDid Elizabeth Holmes Get Married in Secret in an Effort to Get Pregnant Before Trial? Elizabeth Holmes Moves Out of San Francisco Apartment Where Inside Edition Tracked Her DownAccused of Massive Fraud, Elizabeth Holmes Now Spends Her Days With Fiance, Dog
Theranos founder Elizabeth Holmes' trial set for summer 2020
Former Theranos founder and CEO Elizabeth Holmes leaves the Robert F. Peckham U.S. Federal Court on June 28, 2019, in San Jose, California. (CNN) - Elizabeth Holmes, founder of failed blood-testing startup Theranos, will go to trial August 4, 2020, a federal judge ruled Friday in San Jose, California. Holmes was indicted on federal wire fraud charges in June 2018 and stepped down from the company minutes before the charges were made public. Holmes and Balwani are both charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud. In September 2018, Theranos announced it was preparing to dissolve.