ELIZABETH HOLMES

In court documents, federal prosecutors allege that Theranos founder Elizabeth Holmes purchased a plane ticket to Mexico after being convicted of fraud and conspiracy last year. She remains out of prison while appealing her conviction.

SAN JOSE, Calif. — (AP) — Elizabeth Holmes is a flight risk and shouldn’t be allowed to stay out of prison while she appeals her 11-year prison sentence for defrauding investors, federal prosecutors said in court documents. Holmes had a one-way plane ticket to Mexico booked for Jan. 26, 2022, three weeks after being convicted by a jury on four counts of fraud and conspiracy, federal prosecutors said in a motion filed Thursday in federal court in Northern California. Holmes booked the 2022 flight without a scheduled return trip and only canceled it after prosecutors contacted Holmes’ attorneys about the “unauthorized flight," prosecutors said. In a Jan. 23, 2022, email responding to prosecutors' concerns about the planned trip, they said Holmes had booked it before the jury's verdict to attend a wedding in Mexico. Prosecutors did not protest Davila's decision to give Holmes five months of freedom or bring up the fact that they considered her a flight risk.

Federal prosecutors say Elizabeth Holmes is a flight risk and shouldn’t be allowed to stay out of prison while she appeals her 11-year prison sentence for defrauding investors.

The former Theranos CEO booked a one-way flight to Mexico that was scheduled to depart shortly after she was convicted of fraud in January 2022, a recent court filing says.

According to a new court filing, the 38-year-old bought a one-way ticket to Mexico last January.

Prosecutors say the March 2022 trip, which they made the Theranos founder cancel, is evidence that she is still a flight risk ahead of her scheduled prison sentence.View Entire Post ›

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Pamela Meyer, a Harvard-educated deception expert and certified fraud examiner, weighs in on disgraced founders Elizabeth Holmes and Sam Bankman-Fried.

SAN JOSE, Calif. — A federal judge on Wednesday sentenced former Theranos executive Ramesh “Sunny” Balwani to nearly 13 years in prison for his role in the company’s blood-testing hoax. >> Read more trending newsBalwani, 58, was convicted in July on 10 counts of wire fraud and two counts of conspiracy to commit wire fraud, The New York Times reported. Breaking News: The former chief operating officer of Theranos, Ramesh Balwani, was sentenced to nearly 13 years in prison for fraud. Jeffrey Coopersmith, an attorney for Balwani, blamed Holmes, who was not found guilty of defrauding patients, according to the newspaper. Balwani, who appeared in court with family members, did not read a statement to the judge, the Times reported.

Balwani was convicted of 12 counts of fraud for his role in leading the failed blood-testing startup.

Sunny Balwani, the onetime COO and president of Theranos, was sentenced today in federal court on fraud charges, after Elizabeth Holmes was sentenced weeks ago.

Sunny Balwani, the former president and COO of the infamous blood testing start-up, faces possible prison time following his conviction on 12 fraud-related charges

Ramesh "Sunny" Balwani could face more than a decade behind bars after being convicted of fraud and conspiracy.

While on the witness stand in her trial, Holmes accused Balwani, 57, of manipulating her through years of emotional and sexual abuse. Unlike Balwani, Holmes was acquitted on several charges of defrauding and conspiring against people who paid for Theranos blood tests that produced misleading results and could have pointed patients toward the wrong treatment. Balwani and Holmes met around the same time she dropped out of Stanford University to start Theranos in 2003. "Mr. Balwani is not the same as Elizabeth Holmes," his lawyers wrote in a memo to the judge. Balwani's lawyers also asserted that Holmes “was dramatically more culpable" for the Theranos fraud.

A judge has sentenced former Theranos executive Ramesh “Sunny” Balwani 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.

Read exactly what the judge told former Theranos CEO Elizabeth Holmes before he sentenced her to 11 years in federal prison.

Raising hundreds of millions dof dollars sends a startup's valuation soaring. It can also make serious prison time all but inevitable for those in Holmes' situation.

The public is entitled to feel some schadenfreude when the famous are brought low.

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.

Theranos CEO Elizabeth Holmes got a sentence shorter than requested by prosecutors but tougher than her team sought.

A federal judge has sentenced Elizabeth Holmes to 11.25 years in prison after being convicted on four counts of investor fraud and conspiracy earlier this year. >> Read more trending newsAccording to The Associated Press, the sentence imposed by U.S. District Judge Edward Davila was shorter than the 15-year penalty requested by federal prosecutors. Theranos had promised to deliver revolutionary technology that could scan for hundreds of diseases and other ailments with just a few drops of blood. But it never worked, the AP wrote. Check back for more on this developing story.

A federal judge was to decide Friday whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling bogus blood-testing technology. U.S. District Judge Edward Davila will take center stage as he weighs the federal government's recommendation to send the 38-year-old Holmes to federal prison for 15 years. A probation report also submitted to Davila recommended a nine-year prison sentence. If Holmes' pregnancy plays a role in reducing or qualifying her sentence, the decision could prove controversial. According to a 2016 survey by the Bureau of Justice Statistics, more than half of women entering federal prison — 58% — reported being mothers of minor children.

Holmes was convicted on charges related to defrauding investors who poured hundreds of millions of dollars into her blood-testing company, believing it would revolutionize health care.

Former Theranos CEO Elizabeth Holmes was sentenced Friday in U.S. federal court. She faced a maximum of 20 years in prison.

The founder of the Theranos blood-testing company had been found guilty of defrauding investors.

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)

Sen. Cory Booker, D-N.J., defended the character of convicted Silicon Valley fraudster Elizabeth Homes in a letter to the judge presiding over her sentencing.

Former Theranos CEO Elizabeth Holmes faces sentencing from a federal judge Friday.

The fallen Silicon Valley star faces up to 15 years in prison for defrauding investors in her blood-testing company. A U.S. senator is among those who have written letters asking for mercy.

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. 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. Their arguments were supported by more than 130 letters submitted by family, friends and former colleagues praising Holmes. A probation report also submitted to Davila recommended a nine=year prison sentence for Holmes. Davila’s judgment – and Holmes' reporting date for a potential stint in prison -- could be affected by the former entrepreneur's second pregnancy in two years.

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.

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.

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. 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. While wooing investors, Holmes leveraged a high-powered Theranos board that included former U.S. Defense Secretary James Mattis, who testified against her during her trial, and two former U.S. Davila’s judgment – and Holmes' reporting date for a potential stint in prison -- could be affected by the former entrepreneur's second pregnancy in two years. Holmes “preyed on hopes of her investors that a young, dynamic entrepreneur had changed healthcare,” Leach wrote.

Prosecutors have called for the disgraced executive to serve 15 years, while her lawyers say she doesn't belong behind bars.

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.

Cory Booker recalls eating almonds with Holmes; her parents discuss her ex, Sunny Balwani; and her partner confirms speculation she is pregnant again.

Holmes was convicted early this year four felony counts of investor fraud and conspiracy and is set to return to court November 18 for sentencing.

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. “She repeatedly chose lies, hype and the prospect of billions of dollars over patient safety and fair dealing with investors,” Assistant U.S. Attorney Robert S. Leach wrote in a 46-page brief filed Friday. She leveraged the credibility of her illustrious board,” Leach wrote. And Leach wrote that the health of actual patients was put into jeopardy by what Holmes had done. “As money was drying up, she went to market with an unproven and unreliable medical device,” he wrote.

Federal prosecutors are asking a federal judge to sentence disgraced Theranos CE0 Elizabeth Holmes to 15 years in prison.

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.

The disgraced CEO is trying to recast her image as a loving mother in an effort to avoid a lengthy prison sentence.

Prosecutors are expected to seek a much harsher sentence when they file their own sentencing recommendations ahead of Holmes' scheduled Nov. 18 sentencing. After starting Theranos as a 19-year-old, Holmes proceeded to raise nearly $1 billion from investors swayed by what turned out to be bogus promises. Theranos' tests instead produced wildly unreliable results, flaws that Holmes tried to conceal until the problems were exposed in the media and regulatory audits. “There is an argument to be made, particularly in white collar cases, that you don’t need a very long prison sentence to deter people who never have been in prison," Kramer said. In their memo, Holmes' lawyers also pointed out some of her past trauma, echoing Holmes' testimony about being raped while she was still a student at Stanford.

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.

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.

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.”

A federal judge denied Theranos founder Elizabeth Holmes' motion for a new trial Monday, according to a court filing.

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. That hearing focused on remorseful remarks made in August by former Theranos lab director Adam Rosendorff, a pivotal witness who testified about Holmes' skullduggery during her trial last year. Besides rejecting Holmes' claim that a 10-minute visit Rosendorff made to her Silicon Valley home in August raised questions about misconduct at her trial, Davila also rebuffed two other motions for another trial in his 15-page ruling. Following a jury's conviction of her in January, Holmes’ legal team first tried to persuade Davila to throw out the verdicts as irrational. When asked by The Associated Press after the hearing if she was pregnant, Holmes didn’t respond but smiled warmly.

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.

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.

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.

"I thought she was terrific. I was like, 'Yeah, we don't need to redo that.' She did it," New York Times reporter Kyle Buchanan tweeted.

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"I don't want to help Ms. Holmes, she's not someone who should be helped," said former Theranos Lab Director Adam Rosendorff.

SAN JOSE, Calif. — (AP) — A key witness in a trial that led to the conviction of disgraced Theranos CEO Elizabeth Holmes adamantly stood by his testimony during an unusual court appearance Monday. The prosecution witness, former Theranos lab director Adam Rosendorff, made a remorseful appearance at Holmes' Silicon Valley home after the trial, raising questions about potential misconduct. Rosendorff spent six days on the witness stand last year testifying for the prosecution during Holmes' trial. Under questioning by U.S. District Judge Edward Davila, Rosendorff said his testimony in the trial was truthful — a theme he would repeat throughout the hearing while also emphasizing that he believed Holmes deserved to be convicted. “I don’t want to help Ms. Holmes,” Rosendorff said at one point.

SAN JOSE, Calif. — (AP) — Prosecution witness and former Theranos lab director Adam Rosendorff stood by his earlier testimony during a court appearance in Elizabeth Holmes' fraud trial on Monday. Under questioning by U.S. District Judge Edward Davila, Rosendorff said his testimony in the trial was truthful. He said he felt remorseful about the possibility that Holmes' young child with Evans would be without her mother if Holmes is sentenced to prison. Under grilling by Holmes attorney Lance Wade, Rosendorff said flatly: “The government was trying to get to the truth of what happened -- what Elizabeth Holmes did.”“I don’t want to help Ms. Holmes," Rosendorff added. She was supposed to be sentenced Monday, but the judge postponed that hearing once the Rosendorff questions arose.

A key witness in a trial that led to the conviction of disgraced Theranos CEO Elizabeth Holmes adamantly stood by his testimony during an unusual court appearance Monday.

She was everywhere and yet not really known.

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.

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.

A jury on Thursday convicted former Theranos executive Ramesh “Sunny” Balwani of collaborating with disgraced Theranos CEO Elizabeth Holmes in a massive fraud involving the blood-testing company that once enthralled Silicon Valley.

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.

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.

Although not in the courtroom, Theranos CEO Elizabeth Holmes loomed over the opening day of a trial that will determine whether her jilted lover and former business partner Ramesh “Sunny” Balwani was her partner in crime.

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.

A jury has ended the suspense surrounding the fraud trial of former Theranos CEO Elizabeth Holmes by finding her guilty on four of the 11 charges facing her, but some issues in the legal drama remain unresolved.

The fraud conviction of former Theranos CEO Elizabeth Holmes could do more than just send a once-celebrated billionaire to prison for years.

Elizabeth Holmes has been convicted of duping investors into believing her startup Theranos had developed a revolutionary medical device that could detect a multitude of diseases and conditions from a few drops of blood.

The jury weighing fraud charges against former Theranos CEO Elizabeth Holmes departed court Wednesday without reaching a verdict after six days of deliberations.

The jury weighing fraud charges against former Theranos CEO Elizabeth Holmes left the court Tuesday without reaching a verdict after a fifth day of deliberations.

The jury weighing fraud charges against former Theranos CEO Elizabeth Holmes completed a fourth day of deliberations Monday without reaching a verdict.

Defendants spoke directly to jurors in a series of recent high-profile trials, defying conventional wisdom that the risks of a client taking the stand usually outweigh the benefits.

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.

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.

The jurors now responsible for assessing 11 charges of fraud and conspiracy against former Theranos CEO Elizabeth Holmes are scheduled to begin their first full day of deliberations on Monday.

The jury that will weigh 11 charges of fraud and conspiracy against former Theranos CEO Elizabeth Holmes finally got the case late Friday after a three-month trial that captivated Silicon Valley.

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.

Once-lionized entrepreneur Elizabeth Holmes wrapped up seven days of testimony Wednesday in her criminal fraud trial, defending her actions as CEO of the startup Theranos.

The defense team for fallen Theranos founder Elizabeth Holmes has rested its case in Holmes' criminal fraud trial, setting up several days of preparation before closing arguments begin.

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.

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.

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.

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.

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.

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.

A jury weighing the fate of fallen Silicon Valley star Elizabeth Holmes has had its first chance to listen to recordings of her boasting to investors about purported breakthroughs in blood-testing technology.

Fallen Silicon Valley star Elizabeth Holmes convinced media mogul Rupert Murdoch and other billionaires to invest in her biotechnology startup despite warnings its unconventional blood tests were dangerously unreliable.

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.

In a story published September 8, 2021, about the opening day of the fraud trial of fallen Silicon Valley tech star Elizabeth Holmes, The Associated Press erroneously reported a statement made by her attorney Lance Wade due to a dropped word.

Elizabeth Holmes once seemed destined to fulfill her dream of becoming Silicon Valley's next superstar.

Jury selection in the fraud trial of Theranos founder Elizabeth Holmes began Tuesday, casting a spotlight on the fallen Silicon Valley star now facing felony charges alleging she duped elite financial backers, customers and patients into believing that her startup was about to revolutionize medicine.