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Bidens to host Juneteenth concert at White House
Bidens to host Juneteenth concert at White House
President Joe Biden and first lady Jill Biden will host a Juneteenth concert next week in a “celebration of community, culture and music.”
2023-06-08 06:57
Elizabeth Holmes surrenders to federal prison in Texas to begin 11-year sentence for Theranos scandal
Elizabeth Holmes surrenders to federal prison in Texas to begin 11-year sentence for Theranos scandal
Elizabeth Holmes has surrendered to a federal prison in Texas to begin her 11-year sentence over the Theranos scandal which rocked the high-flying tech world of Silicon Valley. The 39-year-old disgraced tech entrepreneur reported to Bryan, the minimum-security federal prison camp in Texas, on Tuesday after exhausting all remaining legal avenues to cling onto her freedom. Holmes was convicted in January 2022 of four counts of fraud and conspiracy for lying about the capabilities pf her biotech company’s blood testing technology and conning investors out of millions of dollars. She was sentenced to 11 years and three months in prison and ordered to pay $452m in restitution to investors – including $125m to media mogul Rupert Murdoch. Holmes had been given until 2pm local time to surrender to the prison camp where she will see out her 11-year sentence surrounded by other white-collar, non-violent female offenders. Her two children – two-year-old William and three-month-old Invicta – will be allowed to visit their mother in the facility. The prison camp, which runs a work-focused program where all inmates are required to hold a job for at least 90 days, is a marked difference from Holmes’ life years earlier when she was seen as the darling of Silicon Valley. The saga began two decades ago when Holmes dropped out of Stanford University in 2003 at the age of 19 to found Theranos. The blood lab company aimed to develop medical devices that could diagnose hundreds of diseases and medical conditions with just a pinprick of blood. Over the next 10 years, Theranos boasted about its capabilities to transform the healthcare industry and grew to a value of $9bn, attracting investments from the likes of Murdoch, former Education Secretary Betsy DeVos and the heirs to the Walmart fortune. The company amassed an influential board of directors including former presidential cabinet members George Shultz, Henry Kissinger and James Mattis. Holmes, meanwhile, was catapulted onto magazine covers and became heralded as the next Steve Jobs while her personal fortune reached $4.5bn. But the technology didn’t do close to what Holmes claimed it could. In 2018, Holmes – Theranos CEO and founder – and Ramesh “Sunny” Balwani – Theranos chief operating officer and Holmes’ live-in romantic partner – were both indicted on fraud charges and the company was dissolved. She was allowed out on bail and while awaiting trial – which was stalled due to the Covid-19 pandemic – Holmes became pregnant with her first child with her partner, hotel boss Billy Evans. She became pregnant with her second child following her conviction. During her trial, Holmes sought to paint a picture that she had simply been under the control of Balwani, 57, and that she never intended to mislead investors about the technology’s capabilities. The jury didn’t buy it and she was convicted of four counts, which could have landed her with up to 20 years’ prison time. Balwani was also convicted of 12 counts of fraud and conspiracy at his trial and was sentenced to 13 years in federal prison. He began serving his sentence in Southern California last month. Since her conviction, Holmes has fought to stay out of prison claiming that she was treated unfairly by prosecutors during trial and that she should be allowed to remain out of prison while she appeals the conviction. An appeals court denied her request and said she must report to prison where she can continue to appeal her conviction behind bars. She asked the judge that she be allowed to remain free through Memorial Day weekend so that she could sort out childcare for her two children, before surrendering to authorities on 30 May. Weeks before beginning her sentence, Holmes admitted that she had made “many mistakes” in a new interview with The New York Times. “I made so many mistakes and there was so much I didn’t know and understand, and I feel like when you do it wrong, it’s like you really internalise it in a deep way,” she said. Read More Elizabeth Holmes news – latest: Theranos founder to surrender to Texas prison today to begin 11-year sentence As Elizabeth Holmes heads to prison for fraud, questions remain about her motives Elizabeth Holmes requests May 30 as new date to report to prison after losing her bid to remain free
2023-05-31 01:47
Hollywood writers vote to approve contract deal that ended strike as actors negotiate
Hollywood writers vote to approve contract deal that ended strike as actors negotiate
Hollywood writers have voted almost unanimously to approve the contract agreement reached by their union leaders that ended a strike after nearly five months
2023-10-10 06:47
UAE: fossil fuel power and COP28 host
UAE: fossil fuel power and COP28 host
A gas-guzzling fossil fuel exporter trying to spearhead more ambitious climate action, the United Arab Emirates remains heavily dependent on...
2023-11-24 06:24
Australia PM applauds Ashes win amid Sunak criticism
Australia PM applauds Ashes win amid Sunak criticism
Anthony Albanese backs in the "always winning" Australia side amid controversy over a key wicket.
2023-07-04 13:17
Europe Makes Fresh Push on Single Stream of Trading Data for Stock Markets
Europe Makes Fresh Push on Single Stream of Trading Data for Stock Markets
Europe is making a fresh push for a deal to create a single stream of trading data for
2023-06-28 16:57
Ghana expects to reach agreement with bilateral creditors in coming weeks
Ghana expects to reach agreement with bilateral creditors in coming weeks
ACCRA Ghana expects to reach agreement with bilateral creditors in coming weeks, Finance Minister Ken Ofori-Atta said on
2023-06-19 01:28
Pope tells Chinese Catholics to be 'good citizens' as he hosts mass in neighboring Mongolia
Pope tells Chinese Catholics to be 'good citizens' as he hosts mass in neighboring Mongolia
Pope Francis urged Chinese Catholics to be "good citizens" and "good Christians," a rare instance of the Holy Father publicly addressing the issue of religion in China.
2023-09-03 20:58
MrBeast hides treasure worth $10K in Bermuda Triangle, fans say ‘bro never runs out of ideas’
MrBeast hides treasure worth $10K in Bermuda Triangle, fans say ‘bro never runs out of ideas’
In the video, MrBeast gives a map to one of his fans and tells him that if he is able to find the treasure, he can keep it
2023-07-23 15:47
Joe Biden slammed as Sean Hannity shares WH secretary Karine Jean-Pierre's statement on president wearing masks
Joe Biden slammed as Sean Hannity shares WH secretary Karine Jean-Pierre's statement on president wearing masks
After Sean Hannity tweeted Karine Jean-Pierre’s statement on Joe Biden wearing masks, people took a brutal jab at him and labeled it all as an 'act'
2023-09-07 14:53
Over €1 million donated to French police officer who killed teenager in ‘scandalous’ fundraiser
Over €1 million donated to French police officer who killed teenager in ‘scandalous’ fundraiser
More than €1 million (£860,000) has been raised for the family of a French police officer who shot dead a teenager at a traffic stop, an act that sparked riots across the country. That is far more than a similar campaign for the family of the boy killed. The online fundraiser started by Jean Messiha, an independent right-wing populist and former adviser to Marine Le Pen, has attracted donations from more than 52,000 people, while a fund set up by the policeman’s colleagues has raised around €60,000. The grandmother of Nahel Merzouk, 17, said she was heartbroken by the donations. “He took the life of my grandson. This man must pay, the same as everyone,” Nadia said to BFMTV about the officer. "Jean Messiha is playing with fire," said MP Eric Bothorel, part of President Emmanuel Macron’s ruling party. He called the fundraiser "indecent and scandalous". The justice minister, Eric Dupond-Moretti, said the fundraiser was “fuelling the fire” of unrest, describing it as a populist “instrumentalisation” of the teenager’s death. Meanwhile, a fundraiser for the victim’s family has raised more than €200,000 from around 100,000 donations. Nahel, who was of Algerian descent, was shot dead in his car by a police officer last Tuesday during a traffic check in Paris. The 38-year-old officer has been charged with voluntary homicide and remanded in custody. He claims he had the right to fire his gun to protect himself, a colleague and other road users. Prosecutor Pascal Prache concluded in an initial investigation that “the conditions for the legal use of the weapon were not met”. Thousands of protesters have been arrested since fiery clashes first erupted on Tuesday night in and around the Paris suburb of Nanterre where the teenager was killed. The family of the slain teen has pleaded for the unrest to “calm down” after council-run buildings including libraries and primary schools, and law enforcement stations were attacked, and vehicles and buildings were torched. The aunt of the slain teen told The Independent: “The family is very much against the violence. “But I hope that Nahel’s death is going to trigger some kind of change that means this never happens again.” Criminal lawyer Carole-Olivia Monteno called the fundraiser for the officer “insulting” to Nahel’s family. “It only increases hate where there’s too much of it already, its completely inappropriate and politically it does nothing,” she said. La France Insoumise MP Mathilde Panot also wrote: “Killing a young North African, in France in 2023, can earn you a lot of money.” While first secretary of the opposition Socialist Party Olivier Faure has called for it to be shut down. Itc omes after the home of a Paris mayor was raided and set alight on Sunday while his wife and children were inside sleeping. Vincent Jeanbrun, who is in charge of the area of L’Hay-les-Roses in the southern suburbs, said rockets were thrown as the family fled from the burning house in what he has called an “assassination attempt”. Mr Jeanbrun’s wife, Melanie Nowak, broke her leg as she attempted to flee through rocket fire and one of the couple’s two children was also injured. Overnight, 297 vehicles were torched across France, along with 34 buildings. Some 157 people were arrested, down from a peak of 3,880 arrests during the fiery night of June 30. More than 3,000 people have been detained overall since Nahel’s death. Hundreds of police and firefighters have also been injured in the violence, although authorities have not commented on how many protesters have been hurt. Read More Cleverly hails ‘close and friendly’ UK-EU ties in Brussels speech Leon Gautier, last member of French D-Day military commando, dies at 100 New June record for migrant Channel crossings France riots – live: Paris protests ease as family of teen killed in shooting makes desperate plea to rioters France riots: Aunt of teenager shot dead by police in Paris pleads for violence and looting to end Outrage and agony at funeral of boy whose ‘execution’ set France alight
2023-07-04 01:51
Trump replaces top Georgia lawyer ahead of surrender
Trump replaces top Georgia lawyer ahead of surrender
Former President Donald Trump has replaced his top Georgia lawyer ahead of his surrender Thursday evening, sources tell CNN.
2023-08-24 21:28