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 United States filed a motion last week asking the court to correct “clerical errors” which…
Elizabeth Holmes Objects to $250 Monthly Restitution Sought by US Due to Limited Financial Resources
LIVE NOW: NTD Evening News (May 30): Debt Limit Deal Faces Pushback From House Conservatives; Elizabeth Holmes Begins 11-Year Sentence
The House Rules Committee on May 30 met to discuss the debt limit deal struck by House Speaker Kevin McCarthy (R-Calif.) and President Joe Biden. Members of the staunchly conservative House Freedom Caucus have promised a “reckoning” if their Republican colleagues support the deal. Meanwhile, McCarthy said he is prepared to advance contempt of Congress…
NTD Evening News (May 30): Debt Limit Deal Faces Pushback From House Conservatives; Elizabeth Holmes Begins 11-Year Sentence
The House Rules Committee on May 30 met to discuss the debt limit deal struck by House Speaker Kevin McCarthy (R-Calif.) and President Joe Biden. Members of the staunchly conservative House Freedom Caucus have promised a “reckoning” if their Republican colleagues support the deal. Meanwhile, McCarthy said he is prepared to advance contempt of Congress…
As Elizabeth Holmes Heads to Prison for Fraud, Many Puzzle Over Her Motives
May 28, 2023
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SAN JOSE, Calif.—As Elizabeth Holmes prepares to report to prison this 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…
Elizabeth Holmes to Report to Prison at the End of April After Losing Bid to Remain Free
A U.S. judge on April 10 denied Theranos founder Elizabeth Holmes’ request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion. A jury ruled Holmes guilty of three counts of wire fraud and one count of conspiracy to…
Theranos Founder Elizabeth Holmes Cannot Remain Free During Appeal, Judge Rules
April 11, 2023
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A U.S. judge on Monday denied Theranos founder Elizabeth Holmes’ request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion. Holmes, who rose to fame after claiming Theranos’ small machines could run an array of diagnostic tests…
Elizabeth Holmes Returns to Court in Bid to Avoid Prison
SAN JOSE, Calif.—Disgraced Theranos CEO Elizabeth Holmes on Friday made what might be her final court appearance before beginning a 11-year prison sentence, unless a judge grants her request to remain free while her lawyers appeal her conviction for masterminding a blood-testing hoax. The 90-minute hearing came four months after Holmes’ last court hearing. That…
Elizabeth Holmes Has 2nd Child as Prison Sentence Looms
March 1, 2023
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SAN JOSE, Calif.—Disgraced Theranos CEO Elizabeth Holmes is citing her recently born child as another reason she should be allowed to delay the start of a more than 11-year prison sentence while her lawyers appeal her conviction for duping investors about the capabilities of her failed company’s blood-testing technology. The birth of Holmes’ second child…
Prosecutors: Convicted CEO Elizabeth Holmes Is a Flight Risk
January 20, 2023
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SAN JOSE, Calif.—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…
Elizabeth Holmes Sentenced to 11 Years for Fraud Over Failed Company Theranos
Elizabeth Holmes was sentenced on Friday to 11 years and three months—or 135 months—in prison after she was found to have engaged in a multimillion-dollar scheme to defraud investors in her failed company, Theranos, which offered blood testing lab services. The sentencing by U.S. District Judge Edward Davila in San Jose, California, came after Holmes was in January…
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