Prosecutors say Elizabeth Holmes bought plane ticket to Mexico after conviction
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.
news.yahoo.comProsecutors: Convicted CEO Elizabeth Holmes is a flight risk
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.
wftv.comElon Musk rebuffed in bid to move Tesla tweet trial to Texas
A federal judge on Friday rejected Tesla CEO Elon Musk’s bid to move or delay a trial over a misleading tweet about a potential buyout of the electric automaker, setting the stage for the mercurial billionaire to be thrust into a legal drama amid the turmoil of his Twitter takeover.
Ramesh ‘Sunny’ Balwani, former Theranos exec, sentenced to nearly 13 years
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.
wftv.comHolmes' former partner faces sentencing in Theranos case
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.
wftv.comHolmes' former partner gets nearly 13 years in Theranos case
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.
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.comFormer Theranos CEO Elizabeth Holmes sentenced to more than 11 years in prison
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.
wftv.comHolmes gets more than 11 years in prison for Theranos scam
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.
wftv.comElizabeth 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.comElizabeth 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. 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.
wftv.comElizabeth 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. 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.
wftv.comElizabeth 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.comElizabeth 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.comProsecutors push 15-year sentence for Theranos' CEO Holmes
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.
wftv.comProsecutors 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.comElizabeth Holmes asks for leniency for her Theranos crimes
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.
wftv.comElizabeth 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.comElizabeth 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.comBid for new trial fails, Elizabeth Holmes awaits sentencing
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.
wftv.comBid 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.comFormer 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.comKey witness in Holmes trial affirms testimony against her
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.
wftv.comProsecution witness stands by testimony in Holmes trial
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.
wftv.comElizabeth 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.
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' fraud case turns 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
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.