Nikola founder Trevor Milton was sentenced Monday to 4 years in jail in connection to defrauding buyers of the embattled electric- and hydrogen-powered truck maker. Milton additionally was fined $1 million and will later be compelled to forfeit property as a part of his sentence. The punishment was far decrease than the 11 years prosecutors […]
Theranos founder and former CEO Elizabeth Holmes pauses while going through a security checkpoint as she arrives for trial at the Robert F. Peckham Federal Building on December 07, 2021 in San Jose, California. Justin Sullivan | Getty Images Disgraced Theranos CEO Elizabeth Holmes is expected to report to prison Tuesday to begin her more […]
Former Theranos CEO Elizabeth Holmes on November 18, 2022 in San Jose, California. Justin Sullivan | Getty Images Disgraced Theranos CEO Elizabeth Holmes appears to be soon bound for prison after an appeals court Tuesday rejected her bid to remain free while she tries to overturn her conviction in a blood-testing hoax that brought her fleeting fame […]
Former Theranos CEO Elizabeth Holmes on November 18, 2022 in San Jose, California. Justin Sullivan | Getty Images Disgraced Theranos founder Elizabeth Holmes will not go to prison this week, despite a judge’s order that she begin serving her 11-year sentence on Thursday. Late Tuesday, Holmes’ attorneys appealed that ruling to the U.S. 9th Circuit […]
Sunny Balwani, former president of Theranos Inc., arrives at federal court in San Jose, California, on Wednesday, Dec. 7, 2022. David Paul Morris | Bloomberg | Getty Images Former Theranos chief operating officer and president Ramesh “Sunny” Balwani was sentenced to nearly 13 years in prison Wednesday for fraud, after the unraveling of the blood-testing […]
Topline Failed Theranos founder Elizabeth Holmes was sentenced Friday to 11.25 years in prison after being convicted earlier this year of defrauding investors in her famed blood testing company that took Silicon Valley by storm before it was revealed its technology could not perform the tests it said it could. Former Theranos CEO Elizabeth Holmes […]
Theranos founder Elizabeth Holmes was sentenced Friday to more than 11 years in prison for fraud after deceiving investors about the purported efficacy of her company’s blood-testing technology. She was ordered to surrender on April 27. Holmes was convicted in January in the U.S. District Court for the Northern District of California. She cried while […]
Former Theranos CEO Elizabeth Holmes (L) arrives at federal court with her partner Billy Evans on October 17, 2022 in San Jose, California. Justin Sullivan | Getty Images SAN JOSE, Calif. — A star witness in the trial of former Theranos CEO Elizabeth Holmes doubled down on his testimony two months after he showed up […]
