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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
Martha Stewart’s Surprising Twist on Baked Potatoes Is As Simple As It Is Delicious
Martha Stewart’s Surprising Twist on Baked Potatoes Is As Simple As It Is Delicious
One small swap will take your baked potato game to the next level.
2023-08-26 01:22
TikToker exacts revenge on cheating boyfriend as she leaves stinky surprise for him
TikToker exacts revenge on cheating boyfriend as she leaves stinky surprise for him
The woman also snipped off the ends of her boyfriend's socks and removed the batteries from all remote controls
2023-05-28 17:18
Trump says he will renew efforts to replace 'Obamacare' if he wins a second term
Trump says he will renew efforts to replace 'Obamacare' if he wins a second term
Former President Donald Trump says he wants to reopen the contentious fight over the Affordable Care Act
2023-11-28 06:26
Will Poulter says acting offered ‘escape’ from mental health issues
Will Poulter says acting offered ‘escape’ from mental health issues
Will Poulter has suggested his acting career meant he didn’t address his mental health “as early as I might have”. The 30-year-old British star has been acting since he was a child, first appearing in the 2007 film Son Of Rambow. “I think for me, performance offered me something of an escape,” Poulter told the PA news agency. “For a while, maybe I wasn’t addressing some of my mental health issues as early as I might have, because I was losing myself in my work a little bit, and that’s probably quite relatable to a lot of people, whether they’re actors or not. “So it’s been a kind of blessing and a curse in that respect, if I’m being completely honest, but I’m obviously very, very grateful to have found something that ultimately I’m very passionate about and I love doing, so it nets out as being a positive and I’m grateful for it.” Poulter, who has been diagnosed with generalised anxiety disorder, depression and OCD, has teamed up with Movember for its 20th anniversary to raise funds and awareness of testicular cancer, prostate cancer, mental health and suicide prevention. He said his experiences with mental health have “textured my experience in a number of different ways”, and highlighted the importance of opening up. “I’ve found, certainly, that having the opportunity to talk in a kind of no-holds-barred fashion, and not to feel the kind of brunt of the stigma, has been really beneficial,” the Maze Runner star said. “I think, to a large extent, a problem shared is a problem halved… By talking to people more openly about the subject of mental health, you quickly come into contact with the idea that it’s often people that you wouldn’t necessarily assume are suffering from something. “Everyone has a mental health to consider, everyone’s dealing with something to some extent.” There's still quite an asphyxiating stigma around mental health Will Poulter He said he’s been “liberated to talk about my mental health relatively freely”, but accepted that isn’t necessarily the case for everyone. “Certainly on a societal level, there’s still quite an asphyxiating stigma around mental health. I think what Movember have long done is helped deconstruct that stigma and create a more hospitable environment for people to be able to talk about mental health.” He suggested that mental health is “especially stigmatised” in the male community. According to the Office for National Statistics (ONS), around three-quarters (74%) of the suicides registered in England and Wales in 2021 were men. It’s the leading cause of death in men aged 20-34. Movember also said it’s believed one in five (20%) of men in the UK aged between 16-29 experienced moderate to severe depressive symptoms in 2023. The charity took on mental health and suicide prevention as a cause area in 2006, focusing on prevention, early intervention and health promotion focusing around men. Poulter, who is teaming up with Movember for the second year in a row, said he’s “very fortunate to have a lot of people in my life, both men and women, who contribute to that conversation [around mental health] very openly”, but accepted there’s still a way to go. “It often requires a lot of courage on behalf of the person who’s dealing with a mental health issue to speak up. What I think we have to work towards is a destigmatised society, so it isn’t such a courageous thing to do.” He continued: “When you break it down, ultimately we’re talking about an organ, or talking about taking care of your body. When you think about it like that, to think there’s so much stigmatisation around talking about taking care of the most vital organ in your body, it seems kind of bizarre – but that is the situation we find ourselves in.” Poulter said he always tries to “think about it in those terms”, and talk about it like that with “people in my own household and those nearest and dearest to me”. He added: “It’s always fascinated me that physical health, largely speaking, doesn’t have the same stigma surrounding it. People talk about physical health more freely than they do mental health.” Movember is an annual event where people grow moustaches during the month of November to raise awareness of a variety of men’s issues, and 2023 marks 20 years since the charity was founded in a pub in Melbourne, Australia, by two friends. Portrait photographer Rankin has teamed up with Movember to photograph people including Poulter, ex-Arsenal footballer Jermaine Pennant, TV presenters Laura Whitmore and Iain Stirling, and members of boyband Busted. Poulter is an ambassador of Movember, united to take on mental health, suicide, prostate and testicular cancers. See Movember.com. For mental health support, contact the Samaritans on 116 123, email them at jo@samaritans.org, or visit samaritans.org to find your nearest branch. Read More 5 of the hottest new perfume launches for autumn/winter Consistent lack of sleep may increase risk of future depressive symptoms – study World Osteoporosis Day: The risk factors and early warning signs everyone needs to know about How to support a child with a stammer From colourful gowns to drones, these wedding trends are set take over 2024 Call The Midwife ‘should come with a health warning’
2023-10-20 17:47
Who are Noah Ney's parents? 16-yr-old 'gangster' who shot girl, 5, sentenced to 50 years in prison
Who are Noah Ney's parents? 16-yr-old 'gangster' who shot girl, 5, sentenced to 50 years in prison
Noah Ney was sentenced as an adult on Monday, October 23 after he pleaded guilty to 12 counts involving firearms, drugs, gangs, theft, and assault
2023-10-26 16:29
Hugh Jackman breaks hearts with pic of him and his older sister whom he was separated from at just 8
Hugh Jackman breaks hearts with pic of him and his older sister whom he was separated from at just 8
Hugh Jackman was separated from his sister, Zoe Jackman, at the age of eight as their parents divorced
2023-08-23 16:22
Kim Jong Un Oversaw Test of New Missile to ‘Overwhelm’ US
Kim Jong Un Oversaw Test of New Missile to ‘Overwhelm’ US
North Korean leader Kim Jong Un “personally guided” the launch of a new missile designed to strike to
2023-07-13 07:21
Kosovo's prime minister blames EU envoy for the failure of recent talks with Serbia
Kosovo's prime minister blames EU envoy for the failure of recent talks with Serbia
Kosovo’s prime minister has accused the European Union special envoy in the normalization talks with Serbia of not being “neutral and correct.”
2023-09-18 19:18
Xi, Biden to meet in US next week for first talks in a year
Xi, Biden to meet in US next week for first talks in a year
US President Joe Biden and Chinese President Xi Jinping will hold their first meeting in nearly a year next week on the sidelines of the APEC summit in San Francisco...
2023-11-10 22:56
Ukraine-Russia war – live: Putin ally Lukashenko warns of ‘serious stalemate’ as he urges fighting to ‘stop’
Ukraine-Russia war – live: Putin ally Lukashenko warns of ‘serious stalemate’ as he urges fighting to ‘stop’
The Russia and Ukraine war is now “seriously stalemate” Alexander Lukashenko has warned as he urged the two sides to “come to an agreement”. The Belarus leader and Vladimir Putin ally, who has provided his country’s territory as a launch pad for Putin’s full-scale invasion of Ukraine in 2022, said that Ukraine‘s demands for Russia to quit its territory needs to be resolved at the negotiating table “so nobody dies”. He said: “There are enough problems on both sides and in general the situation is now seriously stalemate: no one can do anything and substantively strengthen or advance their position,” Lukashenko said. “They’re there head-to-head, to the death, entrenched. People are dying.” Speaking in a question and answer video posted on the website of the Belarusian state news agency BelTA, he added: “We need to sit down at the negotiating table and come to an agreement. “As I once said: no preconditions are needed. The main thing is that the ‘stop’ command is given.” Read More Thousands of Ukrainians run to commemorate those killed in the war Russians commemorate victims of Soviet repression as a present-day crackdown on dissent intensifies Russia accuses Ukraine of damaging a nuclear waste warehouse as the battle for Avdiivika grinds on Moscow succession: What would happen if Putin dies?
2023-10-30 13:47
Florida man arrested for bombing dad's home for objecting to affair with jailed brother's GF on July 11
Florida man arrested for bombing dad's home for objecting to affair with jailed brother's GF on July 11
Christopher Cruz Ayala, the son of the arson victim, and Jason Smith were named as accused by detectives
2023-08-03 17:26