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
Elizabeth Holmes Enters Texas Prison to Begin 11-year Sentence for Notorious Blood-Testing Hoax
May 30, 2023
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BRYAN, Texas—Theranos founder Elizabeth Holmes entered Texas prison 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. Holmes, 39, on Tuesday entered a federal women’s prison camp located in Bryan, Texas—where the federal judge who sentenced Holmes in November recommended…
The Day Has Arrived for Elizabeth Holmes to Report to a Texas Prison
May 30, 2023
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Disgraced Theranos CEO Elizabeth Holmes is scheduled to move to her new home—a federal prison where she has been sentenced to spend the next 11 years for overseeing a blood-testing hoax that became a parable about greed and hubris in Silicon Valley. The federal judge who sentenced Holmes, 39, in November recommended that she be…
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…
Former Theranos Executive Headed to Prison After Losing Appeal
April 7, 2023
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Former Theranos executive Ramesh “Sunny” Balwani will be heading to prison later this month after an appeals court rejected his bid to remain free while he contests his conviction for carrying out a blood-testing hoax with his former boss and lover, Elizabeth Holmes. After the Ninth Circuit Court of Appeals issued a decision refusing Balwani’s…
Ex-Theranos Exec Finds Way to Delay Start of Prison Sentence
Former Theranos executive Ramesh “Sunny” Balwani found an escape hatch Thursday from the scheduled start of his nearly 13-year prison sentence for a blood-testing hoax he engineered with his former boss and lover, Elizabeth Holmes. Just hours before Balwani was supposed to surrender to authorities, his lawyer filed documents notifying U.S. District Judge Edward Davila…
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…
Holmes’ Former Partner Gets Nearly 13 Years in Theranos Case
December 9, 2022
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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. Balwani, 57, was convicted in July…
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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