Elizabeth Holmes Is Going to Prison
2 years, 1 month ago

Elizabeth Holmes Is Going to Prison

Slate  

The dramatic rise and fall of former Silicon Valley darling Elizabeth Holmes has come to a conclusion: On Friday afternoon a judge ruled that the former founder and CEO of blood testing startup Theranos must serve 11.25 years in prison. Holmes’ lawyer argued she should be sentenced to no more than 18 months, including letters filed by multiple family members and even New Jersey Sen. Cory Booker pleading for some leniency. They do say prison time for crimes of larceny, embezzlement, and other forms of theft are determined by how much money was lost, and given Holmes’ $140 million in wire fraud crimes, the DOJ initially said she could face a maximum 20-year prison sentence for the conspiracy count and each count of wire fraud. But things took a nosedive for Holmes in 2015 after the Wall Street Journal outed Theranos as a sham, reporting that the company’s entire premise, one-drop blood testing, was actually only being used on a small number of its tests and that most were still drawing standard vials for bloodwork.

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History of this topic

Judges hear Elizabeth Holmes’ appeal of fraud conviction while she remains in Texas prison
6 months, 1 week ago

Judges hear Elizabeth Holmes’ appeal of fraud conviction while she remains in Texas prison

Associated Press  

SAN FRANCISCO — A panel of federal judges spent two hours on Tuesday wrestling with a series of legal issues raised in an attempt to overturn a fraud conviction that sent Theranos CEO Elizabeth Holmes to prison after a meteoric rise to Silicon Valley stardom. Three appeals court judges — Jacqueline Nguyen, Ryan Nelson and Mary Schroeder — gave few …

Theranos founder Elizabeth Holmes’ jail sentence slashed by 2 years
1 year, 5 months ago

Theranos founder Elizabeth Holmes’ jail sentence slashed by 2 years

Live Mint  

Elizabeth Holmes, the disgraced CEO of Theranos, may be eligible for release nearly two years ahead of schedule, according to federal officials. The Bureau of Prisons did not clarify the exact reasons for Holmes' projected release date, citing “privacy, safety, and security reasons” “Every inmate earns good conduct time and is projected in their projected release date,” pointed out a …

Theranos founder objects to $250 monthly restitution sought by U.S. due to limited financial resources
1 year, 6 months ago

Theranos founder objects to $250 monthly restitution sought by U.S. due to limited financial resources

LA Times  

Disgraced Theranos Chief Executive Elizabeth Holmes, center, is escorted into a federal women’s prison camp in Bryan, Texas, on May 30. 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. …

Elizabeth Holmes latest news: Theranos founder surrenders to Texas prison to begin 11-year sentence
1 year, 6 months ago

Elizabeth Holmes latest news: Theranos founder surrenders to Texas prison to begin 11-year sentence

The Independent  

✕ Close Elizabeth Holmes ordered to report to prison May 30 The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates …

Elizabeth Holmes enters Texas prison to begin 11-year sentence for notorious blood-testing hoax
1 year, 6 months ago

Elizabeth Holmes enters Texas prison to begin 11-year sentence for notorious blood-testing hoax

Associated Press  

BRYAN, Texas — Theranos founder Elizabeth Holmes entered a Texas prison Tuesday 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. In 2018, the U.S. Justice Department charged both with a litany of white-collar crimes in a case aimed at putting a stop to the …

Disgraced Biotech Star Elizabeth Holmes Reports to Prison in US State of Texas
1 year, 6 months ago

Disgraced Biotech Star Elizabeth Holmes Reports to Prison in US State of Texas

News 18  

Disgraced biotech star Elizabeth Holmes began serving her 11-year sentence for defrauding investors in a Texas prison on Tuesday. “We can confirm Elizabeth Holmes has arrived at the Federal Prison Camp Bryan… and is in the custody of the Federal Bureau of Prisons,” the authority said in a brief statement. As founder of Theranos, Holmes became a tech celebrity, winning …

Elizabeth Holmes enters Texas prison to begin serving her 11-year sentence
1 year, 6 months ago

Elizabeth Holmes enters Texas prison to begin serving her 11-year sentence

LA Times  

Theranos founder Elizabeth Holmes on Tuesday entered a Texas prison to begin serving an 11-year sentence for overseeing a blood-testing hoax that became a parable about greed and hubris in Silicon Valley. Business Elizabeth Holmes loses bid to avoid prison and is hit with $452-million restitution bill Disgraced Theranos chief Elizabeth Holmes appears to be bound for prison soon after …

As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
1 year, 6 months ago

As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives

Associated Press  

SAN JOSE, Calif. — As Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase. The 11-year sentence represents a comeuppance for the wide-eyed woman who broke through “tech bro” culture to become one of Silicon Valley’s most celebrated entrepreneurs, …

Elizabeth Holmes to report to prison May 30 after losing her bid to remain free
1 year, 7 months ago

Elizabeth Holmes to report to prison May 30 after losing her bid to remain free

LA Times  

Disgraced former Theranos CEO Elizabeth Holmes has been ordered to report to prison May 30 to begin serving her sentence of more than 11 years. Disgraced former Theranos CEO Elizabeth Holmes will remain free through the Memorial Day weekend before surrendering to authorities May 30 to begin her more than 11-year prison sentence for defrauding investors in a blood-testing scam. …

Fallen US Biotech Star Elizabeth Holmes Ordered to Start Serving Prison, Pay Victims
1 year, 7 months ago

Fallen US Biotech Star Elizabeth Holmes Ordered to Start Serving Prison, Pay Victims

News 18  

Fallen US biotech star Elizabeth Holmes must begin serving prison time after a judge denied her latest request to remain free while appealing her fraud conviction. Holmes was sentenced to just over 11 years in prison for defrauding investors with her Silicon Valley start-up Theranos. US Judge Edward Davila on Tuesday denied the new request and in a separate ruling …

Elizabeth Holmes delays going to prison with another appeal
1 year, 7 months ago

Elizabeth Holmes delays going to prison with another appeal

LA Times  

Disgraced Theranos Chief Executive Elizabeth Holmes had been scheduled to start her 11-year prison term for fraud and conspiracy on Thursday. Disgraced Theranos Chief Executive Elizabeth Holmes has avoided starting her more than 11-year prison sentence on Thursday by deploying the same legal maneuver that enabled her co-conspirator in a blood-testing hoax to remain free for an additional month. Holmes’ …

Theranos Case: Elizabeth Holmes to begin her 11-year jail time this month
1 year, 8 months ago

Theranos Case: Elizabeth Holmes to begin her 11-year jail time this month

Firstpost  

By 2014, Theranos had helped her become the nation’s youngest self-made billionaire woman. However, the technology was later revealed to be fake, and the once $9 billion corporation swiftly collapsed London: After failing in her attempt to avoid jail time while she appeals her conviction in the Theranos case, Elizabeth Holmes will start her 11-year sentence this month. In November, …

Theranos founder Elizabeth Holmes loses bid to stay out of jail
1 year, 8 months ago

Theranos founder Elizabeth Holmes loses bid to stay out of jail

Firstpost  

The judge’s decision means 39-year-old Holmes, will have to surrender on 27 April to start the more than an 11-year prison sentence Disgraced Theranos founder Elizabeth Holmes has been rebuffed in her attempt to stay out of federal prison while she appeals her conviction for the fraud she committed while overseeing a blood-testing scam that exposed Silicon Valley’s dark side. …

Theranos’ Elizabeth Holmes loses bid to stay out of prison
1 year, 8 months ago

Theranos’ Elizabeth Holmes loses bid to stay out of prison

Associated Press  

Disgraced Theranos CEO Elizabeth Holmes has been rebuffed in her attempt to stay out of federal prison while she appeals her conviction for the fraud she committed while overseeing a blood-testing scam that exposed Silicon Valley’s dark side. In an 11-page ruling issued late Monday, U.S. District Judge Edward Davila concluded there wasn’t compelling enough evidence to allow Holmes to …

Theranos' Elizabeth Holmes loses bid to stay out of prison
1 year, 8 months ago

Theranos' Elizabeth Holmes loses bid to stay out of prison

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Former top Theranos executive 'Sunny' Balwani to be sent to prison after losing appeal
1 year, 8 months ago

Former top Theranos executive 'Sunny' Balwani to be sent to prison after losing appeal

Firstpost  

The Ninth Circuit Court of Appeals’ decision late Thursday to deny Balwani’s appeal to postpone the start of his almost 13-year jail term leaves the question of when he must surrender to authorities unanswered Ramesh “Sunny” Balwani, a former Theranos executive, will be sent to jail later this month after an appeals court denied his request to remain free while …

Holmes’ former partner gets nearly 13 years in Theranos case
2 years ago

Holmes’ former partner gets nearly 13 years in Theranos case

Associated Press  

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. U.S. District Judge Edward Davila said those numbers drawn …

Elizabeth Holmes gets more than 11 years for Theranos scam
2 years, 1 month ago

Elizabeth Holmes gets more than 11 years for Theranos scam

Associated Press  

SAN JOSE, Calif. — 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. Amanda Kramer, a former federal prosecutor who is now a defense attorney, described the …

Theranos founder Elizabeth Holmes sentenced to 11 years in prison
2 years, 1 month ago

Theranos founder Elizabeth Holmes sentenced to 11 years in prison

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elizabeth Holmes has been …

Elizabeth Holmes Gets 11 Years in Prison
54 years, 11 months ago

Elizabeth Holmes Gets 11 Years in Prison

Wired  

Elizabeth Holmes has been sentenced to just over 11 years in prison for defrauding investors by falsely claiming her technology could detect diseases from a drop of blood. The sentencing of the former Theranos CEO marks the end of the young founder’s Silicon Valley saga—one in which she wooed investors with empty promises and idealism and raked in hundreds of …

Elizabeth Holmes: Judge delays sentencing for Theranos founder as prosecutors accused of ‘twisting’ testimony
2 years, 2 months ago

Elizabeth Holmes: Judge delays sentencing for Theranos founder as prosecutors accused of ‘twisting’ testimony

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The sentencing of Theranos …

Put the System That Enabled Elizabeth Holmes on Trial
2 years, 11 months ago

Put the System That Enabled Elizabeth Holmes on Trial

Wired  

Welcome to another year of choosing between house arrest or reckless endangerment. The Plain View The jury in the Elizabeth Holmes case had hardly returned with convictions on four of 11 counts of fraud when the pundit verdicts started rolling in. First, let’s get one thing straight: The huge amount of coverage of this trial came not because of its …

Holmes not alone! Why Elizabeth’s Theranos may not be the only start-up with dubious character
2 years, 11 months ago

Holmes not alone! Why Elizabeth’s Theranos may not be the only start-up with dubious character

Firstpost  

Elizabeth Holmes promised a concrete product — it either existed or did not, it either worked or did not. And, unlike others whose unicorns may actually be sheer vapourware, her lies could be pinned down easily On 3 January, a San Jose, California, jury found Elizabeth Holmes, the founder of health-technology company Theranos, guilty of four charges of criminal fraud, …

The Elizabeth Holmes Verdict and the Legal Loophole for 'Disruption'
54 years, 11 months ago

The Elizabeth Holmes Verdict and the Legal Loophole for 'Disruption'

Wired  

When you first heard the story of the smoke-and-mirrors health care startup Theranos—whether through John Carreyrou’s Wall Street Journal exposés, his best-selling book Bad Blood, or the many podcasts and documentaries that followed—was your thought, “Gee, I hope at last there will be justice for the wealthy folks misled into investing a slice of their fortunes by Theranos’ charismatic founder, …

Elizabeth Holmes jurors say it was 'tough to convict someone so likeable'
2 years, 11 months ago

Elizabeth Holmes jurors say it was 'tough to convict someone so likeable'

Daily Mail  

Two of the jurors who convicted Theranos founder Elizabeth Holmes have revealed it was 'tough to convict someone so likeable', but that they ultimately found her guilty of fraud because she was in charge at the tech company. Juror number six, Wayne Kaatz and juror number 11, Mike Kew, spoke to ABC News in an interview that aired on Wednesday …

How DID Elizabeth Holmes fool them all? writes TOM LEONARD
2 years, 11 months ago

How DID Elizabeth Holmes fool them all? writes TOM LEONARD

Daily Mail  

Elizabeth Holmes was a young woman possessed of vaulting ambition. At the age of 19, Holmes had set up Theranos, one of Silicon Valley's most successful new business ventures, raising billions of dollars and being hailed as the 'next Steve Jobs' after the mercurial co-founder of Apple She even described it as a 'gift from God' although it would turn …

Former Theranos CEO Holmes convicted of fraud and conspiracy
2 years, 11 months ago

Former Theranos CEO Holmes convicted of fraud and conspiracy

Associated Press  

SAN JOSE, Calif. — In a case that exposed Silicon Valley’s culture of hubris and hype, Elizabeth Holmes was convicted Monday 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. A jury convicted Holmes, who was CEO throughout the company’s …

Column: The Theranos verdict won’t stop investors from pouring money into the next big fraud
2 years, 11 months ago

Column: The Theranos verdict won’t stop investors from pouring money into the next big fraud

LA Times  

Elizabeth Holmes, the founder and chief executive of the medical device company Theranos, was convicted Monday on multiple counts of defrauding investors following a four-month trial in federal court in San Jose. — Annalee Saxenian, UC Berkeley, describing Silicon Valley culture Holmes’ defense argued in effect that the misinformation with which Theranos plied investors was characteristic of tech industry exaggeration …

Elizabeth Holmes verdict: Former Theranos CEO is found guilty on 4 counts
2 years, 11 months ago

Elizabeth Holmes verdict: Former Theranos CEO is found guilty on 4 counts

NPR  

Elizabeth Holmes verdict: Former Theranos CEO is found guilty on 4 counts Enlarge this image toggle caption Nic Coury/AP Nic Coury/AP A jury found Elizabeth Holmes guilty of defrauding investors out of hundreds of millions of dollars. After more than 50 hours of deliberations over seven days, the jury of eight men and four women convicted Holmes of three counts …

Elizabeth Holmes | The adventures of Ms. Holmes
2 years, 11 months ago

Elizabeth Holmes | The adventures of Ms. Holmes

The Hindu  

It took just a few months for Elizabeth Holmes to go from topping the Forbes list of ‘America’s 50 Richest Self-Made Women’ to ending up on the Fortune list of ‘The World’s 19 Most Disappointing Leaders,’ alongside Martin Shkreli of Turing Pharmaceuticals and the then-president of Brazil, Dilma Rousseff. This case was brought against her and the company’s former COO …

Elizabeth Holmes’ fraud case heads to the jury
3 years ago

Elizabeth Holmes’ fraud case heads to the jury

Associated Press  

SAN JOSE, Calif. — The jury that will weigh 11 charges of fraud and conspiracy against former Theranos CEO Elizabeth Holmes finally got the case Friday afternoon after a three-month trial that captivated Silicon Valley. Because she believed in this technology.” As he did Thursday, Downey again depicted Holmes as a well-meaning entrepreneur who never stopped trying to perfect Theranos’ …

Elizabeth Holmes jurors hear different takes on her downfall
3 years ago

Elizabeth Holmes jurors hear different takes on her downfall

Associated Press  

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. Holmes could have acknowledged troubling flaws in Theranos’ blood-testing technology, Schenk contended, but she covered them up instead as part of her pursuit of fame and …

Elizabeth Holmes accuses ex-lover, business partner of abuse
3 years ago

Elizabeth Holmes accuses ex-lover, business partner of abuse

LA Times  

Disgraced entrepreneur Elizabeth Holmes described herself as the abused puppet of her former lover and business partner Sunny Balwani in tearful testimony Monday, part of her attempt to refute accusations that she lied about a flawed blood-testing technology she had hailed as a major breakthrough. If she didn’t do what Balwani said, Holmes said, he would yell and tell her …

Elizabeth Holmes takes the stand in her criminal fraud trial
3 years, 1 month ago

Elizabeth Holmes takes the stand in her criminal fraud trial

Associated Press  

SAN JOSE, Calif. — 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, took the witness stand late Friday in her trial for criminal fraud. They also presented internal documents and sometimes salacious texts between Holmes and her former lover, Sunny Bulwani, …

Elizabeth Holmes drawn as villain, underdog as trial begins
3 years, 3 months ago

Elizabeth Holmes drawn as villain, underdog as trial begins

Associated Press  

SAN JOSE, Calif. — Prosecutors and defense attorneys sketched dueling portraits of fallen Silicon Valley star Elizabeth Holmes as her trial got underway Wednesday, alternatively describing her as a greedy villain who faked her way to the top and as a passionate underdog whose spent years trying to shake up the health care industry. A failed business does not make …

Elizabeth Holmes’ trial to dissect downfall of a tech star
3 years, 3 months ago

Elizabeth Holmes’ trial to dissect downfall of a tech star

Associated Press  

Just six years ago, Elizabeth Holmes seemed destined to fulfill her dream of becoming Silicon Valley’s next superstar. “I came away thinking she was just a zealot who really believed her technology would really work so maybe she could fudge just a little bit,” said author Ken Auletta, who has written extensively about Silicon Valley and was given behind-the-scenes access …

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