Tag - Theranos

Theranos founder objects to $250 monthly restitution


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 U.S. filed a motion last week asking the court to correct “clerical errors” which included, prosecutors...

Elizabeth Holmes will start 11-year prison sentence on May 30


San Francisco: Disgraced Theranos CEO Elizabeth Holmes will remain free through the Memorial Day weekend before surrendering to authorities on May 30 to begin her more than 11-year prison sentence for defrauding investors in a blood-testing scam. U.S. District Judge Edward Davila set Holmes’ revised prison-reporting date after her lawyers proposed it in a Wednesday filing. It...

Elizabeth Holmes delays going to prison with another appeal


San Francisco: Disgraced Theranos CEO 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’ lawyers on Wednesday informed U.S. District Judge Edward Davila that she won’t be reporting to...

Elizabeth Holmes gets more than 11 years for Theranos scam


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. The sentence imposed by U.S. District Judge Edward Davila was...