theranos
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Judge Orders Elizabeth Holmes to Trade Mansion for Prison as She Appeals
After being convicted of wire fraud for her dealings with her failed blood startup Theranos, Elizabeth Holmes was hoping to remain free on bail while she appeals the decision. Unfortunately for her, a federal judge has denied her that luxury.
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Prosecutors Say Elizabeth Holmes Should Be Behind Bars Instead of at Grandiose Estate
Prosecutors are demanding disgraced Theranos founder Elizabeth Holmes reside in prison instead of an expensive estate while she appeals her prison sentence. Holmes was sentenced to 11 years and three months in prison last year for fraud related to her blood-test startup company.
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Judge Hands Theranos’ Other Fraudulent Exec ‘Sunny’ Balwani Near-13 Year Prison Sentence
Despite his rather chipper name, there’s not a lot that ex-startup executive Ramesh “Sunny” Balwani can feel happy about during his long Wednesday spent in court. A federal judge sentenced Theranos’ other big executive to 155 months, or a little less than 13 years in prison.
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Elizabeth Holmes Sentenced to 11 Years and 3 Months in Prison for Theranos Fraud
Elizabeth Holmes, the Stanford dropout, startup founder, and Theranos CEO who lied over and over about her blood testing startup, can expect time behind bars in the near future. Holmes was sentenced to 11.25 years in prison and 3 years of supervised release. San Jose federal court on Friday. The sentence came down after over…