J3N Provides the Latest and Most Up-to-Date News, You Can Stay Informed and Connected to the World.
⎯ 《 Just 3 N : New News Now 》
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
Biden leads US tech execs in Vietnam talks
Biden leads US tech execs in Vietnam talks
US President Joe Biden and senior executives from top American tech firms including Google and Intel will meet Vietnamese business leaders Monday after the two countries agreed to deepen cooperation in...
2023-09-11 12:49
Who is Christopher Eubanks? 'GMA' host Robin Roberts 'honored' to interview breakout tennis star at Wimbledon
Who is Christopher Eubanks? 'GMA' host Robin Roberts 'honored' to interview breakout tennis star at Wimbledon
Christopher Eubanks reached the quarter final of the Wimbledon tournament for the first time in his career
2023-07-12 17:49
What is Billy Porter's problem with Harry Styles? Actor reiterates past criticism two years after apology
What is Billy Porter's problem with Harry Styles? Actor reiterates past criticism two years after apology
Billy Porter shared his sentiments regarding Harry Styles' groundbreaking appearance as the first solo male featured on Vogue's cover
2023-08-13 18:24
Stede Bonnet, the Real-Life ’Gentleman’ Pirate Who Inspired ’Our Flag Means Death’
Stede Bonnet, the Real-Life ’Gentleman’ Pirate Who Inspired ’Our Flag Means Death’
Centuries later, Stede Bonnet’s motivations and actual aptitude for piracy remain unclear. But he still managed to make the history books—in his nightgown, no less.
2023-11-12 01:17
A timeline of Donald Trump’s spat with Megan Rapinoe: ‘Nice shot Megan, the USA is going to Hell!!!’
A timeline of Donald Trump’s spat with Megan Rapinoe: ‘Nice shot Megan, the USA is going to Hell!!!’
A gloating Donald Trump has unexpectedly reignited his feud with soccer star Megan Rapinoe after the US Women’s National Team (USWNT) crashed out of the Women’s World Cup with a shock defeat by Sweden. The reigning champions had not been at their best throughout the tournament in Australia and New Zealand, only narrowly escaping their group before losing 5-4 on penalties in a hard-fought battle against the Swedes on Sunday. Rapinoe, a late substitute, was one of three players to miss a crucial spotkick. The outcome was doubly cruel for the veteran winger as it came in what proved to be her final appearance for the USWNT, her glittering career on the world stage ending in bitter disappointment. The 38-year-old, a prominent LGBT+ rights activist and campaigner for equal pay in the women’s game, had previously announced her plan to retire at the end of the domestic season, where she plays for OL Reign in Seattle, Washington. Her misfortune was met with utter glee by the twice-impeached, thrice-indicted Mr Trump, who took a timeout from his myriad of legal problems to troll the team on Truth Social, suggesting their disappointing World Cup run was symptomatic of a broader national decline under President Joe Biden. “The ‘shocking and totally unexpected’ loss by the U.S. Women’s Soccer Team to Sweden is fully emblematic of what is happening to the our [sic] once great Nation under Crooked Joe Biden,” Trump posted on Sunday evening. “Many of our players were openly hostile to America - No other country behaved in such a manner, or even close. WOKE EQUALS FAILURE. Nice shot Megan, the USA is going to Hell!!! MAGA.” Here’s a timeline of the war of the words between the Republican lawmaker and the soccer star: May 2019 Rapinoe first came to Trump’s attention just prior to the 2019 Women’s World Cup in France when she described herself in an interview with Yahoo! as a “walking protest against the Trump administration [because of] everything I stand for”. She continued: “I feel like it’s kind of defiance in and of itself to just be who I am and wear the jersey, and represent it. Because I’m as talented as I am, I get to be here, you don’t get to tell me if I can be here or not. “So it’s kind of a good ‘f*** you’ to any sort of inequality or bad sentiments that the [Trump] administration might have towards people who don’t look exactly like him. Which, God help us if we all looked like him. Scary. Really scary. Ahh, disturbing.” June 2019 What really piqued the then-president’s animosity towards the soccer star was a video interview Rapinoe gave to Eight by Eight magazine where she said she was “not going to the f***ing White House” in the event that the USWNT secured the World Cup win – an expression of the Californian’s deep-rooted disdain for the divisive policies of the Republican then occupying the Oval Office. The interview was recorded that January but resurfaced in June 2019, when the tournament was in full swing. “Thanks, but no thanks. I’m not going to the f***ing White House,” she said. “No. I’m not going to the White House, I don’t think we’ll be invited, I doubt it.” She also advised her teammates to “think hard” before accepting any honours from Mr Trump’s administration. The president – who had already expressed disapproval for her pointed silence during the national anthem before games – was left fuming by the clip. He fired back against Rapinoe on Twitter, writing: “I am a big fan of the American Team, and Women’s Soccer, but Megan should WIN first before she TALKS! Finish the job! “Megan should never disrespect our Country, the White House, or our Flag, especially since so much has been done for her & the team. Be proud of the Flag that you wear.” Rapinoe said at a subsequent press conference that she stood by her comments “with the exception of the expletive… My mom would be very upset about that”. July 2019 When the USWNT did indeed win the cup with a 2-0 victory over the Netherlands – with Rapinoe herself scoring from the penalty spot and being named player of the match – the soccer star stood by her word. She did pay a visit to Washington – but only as a guest of progressive Democratic lawmakers Nancy Pelosi, Chuck Schumer, Alexandria Ocasio-Cortez and Ayanna Pressley, a calculated snub to the blustering commander-in-chief. In the immediate aftermath, she told Time magazine that she believed Mr Trump was secretly a fan of hers. “You know he was watching that game. You know he had his McDonald’s lined up. And he was probably like, ‘You know what, I love that.’ I always felt Trump loved me,” she said. Rapinoe also addressed him directly during an interview with CNN, telling him: “Your message is excluding people. You’re excluding me, you’re excluding people that look like me, you’re excluding people of colour, you’re excluding Americans that maybe support you. “You’re harking back to an era that was not great for everyone. It might have been great for a few people, and maybe America is great for a few people right now, but it’s not great for enough Americans in this world. “You have an incredible responsibility as the chief of this country to take care of every single person, and you need to do better for everyone.” She also joked about the prospect of running for the top job herself, commenting: “It’s an absolute honour to lead this team out on the field. There’s no other place I would rather be. Even in a presidential race. I’m busy, I’m sorry.” August 2019 Later reflecting on the spat with Mr Trump and the vicious comments she and her loved ones had been subjected to as a result, she told The Guardian: “It’s ridiculous and absurd. People were like: ‘That was so intense!’ And I’m like: ‘Honestly, he’s a f***ing joke, so it wasn’t intense, because this is ridiculous.’” Speaking for herself and her twin sister Rachel, also a former professional footballer, Rapinoe added: “I wouldn’t say that we’re anti-authority, but when there’s a person who is abusing their power or manipulating people, whether it’s a teacher when I was younger or Donald Trump now, there’s nothing that fires me up and grinds my gears more. I was just like: ‘No. That’s not happening.’” Intriguingly, she also said of her own father during that interview: “I think my dad voted for Trump and I’ll say: ‘I don’t get it. How are you simultaneously as proud as punch of me, and watching Fox News all the time [who are doing] takedowns of your daughter?’” Aftermath (2020-23) Since those glory days, Megan Rapinoe has continued to use her celebrity to campaign for social justice issues, endorsing Massachusetts senator Elizabeth Warren for president in December 2019 and hosting a panel event at the 2020 Democratic National Convention in support of frontline healthcare workers at the height of the coronavirus pandemic. Following her snub of the Trump administration, Rapinoe did finally come to the White House at the invitation of President Biden in March 2021 to speak about wage equality. In July 2022, she was then awarded the Presidential Medal of Freedom by Mr Biden – marking the highest possible civilian honour. Mr Trump, meanwhile, has spent the same period camped out at Mar-a-Lago in Florida, plotting his political return, deriding his enemies online and wrangling lawyers as the state and federal investigations into his past continue. August 2023 On 6 August 2023, the USWNT crashed out of the World Cup following a disappointing penalty shootout. While Rapinoe sobbed on pitch, Mr Trump took to Truth Social to gloat about the loss. “Nice shot Megan, the USA is going to Hell!!!” he cruelly jabbed. Read More Trump has meltdown attacking Biden, Megan Rapinoe and ‘wokeness’ for US Women’s World Cup loss – latest news Trump goes on unhinged Truth Social rant blaming Biden and ‘wokeness’ for USWNT’s World Cup loss From Megan Rapinoe’s miss to VAR drama: How the USA and Sweden’s penalty shoot-out unfolded Ofcom investigates GB News programmes over due impartiality rules Trump lawyer says his legal team is bracing for imminent Georgia indictment Trump insists he isn’t a ‘scared puppy’ in defiant attack on Nancy Pelosi
2023-08-07 20:52
Russia 'changes tactics' and hits Kyiv with daytime missile attack
Russia 'changes tactics' and hits Kyiv with daytime missile attack
Russia hit Kyiv with an array of missile fire on Monday in a surprise daytime attack, hours after an overnight barrage of the Ukrainian capital and across the country.
2023-05-29 21:20
What markets are saying about when to expect a recession
What markets are saying about when to expect a recession
Economists, investors and the Federal Reserve have sounded alarm bells for months that a recession could come later this year. But a growing chorus of experts believe a downturn might not happen until early next year.
2023-07-02 19:58
What is IShowSpeed's real name? Exploring meaning and inspiration behind YouTuber's streaming handles
What is IShowSpeed's real name? Exploring meaning and inspiration behind YouTuber's streaming handles
Unveiling IShowSpeed's real name and the inspiration behind his streaming handles as the renowned YouTuber amasses 18 million subscribers
2023-07-07 16:56
From 'brain death' to innovator, the Ukraine war has transformed NATO
From 'brain death' to innovator, the Ukraine war has transformed NATO
Ever since President Vladimir Putin gave the order for Russian troops to invade Ukraine, the international response has understandably focused on how best to end the land war. That has meant sending conventional military hardware -- tanks, missile systems, artillery -- and training Ukrainian soldiers.
2023-06-25 12:17
Biden Administration to Appeal Ban on Social Media Contacts
Biden Administration to Appeal Ban on Social Media Contacts
The US Justice Department said it’s appealing a court ruling that would block federal agencies and officials from
2023-07-06 06:57
How did Piper Laurie die? 'Twin Peaks' and 'The Hustler' star was 91
How did Piper Laurie die? 'Twin Peaks' and 'The Hustler' star was 91
Piper Laurie is also remembered as Margaret White in Brian De Palma‘s ‘Carrie’ (1976), which earned her an Oscar nomination
2023-10-15 15:15