Russia's Luna-25 spacecraft enters lunar orbit -space agency
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2023-08-16 21:17
Who owns MJJ Productions? Appeals court considers reviving Michael Jackson sexual abuse lawsuits
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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
Russia accuses US of 'destructive' approach on Israeli–Palestinian war
By Guy Faulconbridge MOSCOW (Reuters) -Russia condemned violence against both Jews and Palestinians in Israel and the Palestinian Territories on
2023-10-09 21:46
Anti-corruption candidate Bernardo Arévalo wins Guatemala's presidential election
With more than 95% of the ballots counted, anti-corruption candidate Bernardo Arévalo, from the progressive Movimiento Semilla party, appeared to have won Guatemala's presidential election on Sunday, beating former first lady Sandra Torres by 59.1% to 36.1% of votes cast.
2023-08-21 10:54
At least 261 dead in India's worst train accident in over two decades
By Jatindra Dash and Abinaya V BHUBANESWAR, India (Reuters) -At least 261 people have died in India's worst rail accident
2023-06-03 15:27
Who is Ashley Brewer? Former 'SportsCenter' anchor marries NBA center Frank Kaminsky days after ESPN fired her
Under the Mexican heat, Ashley Brewer looked radiant as she wore a magnificent off-the-shoulder, full-skirt white gown during her wedding to Frank Kaminsky
2023-07-09 15:18
Germany to move Slovakia-based Patriot system to Lithuania to protect NATO summit
FRANKFURT Germany will move its Patriot missile defence system currently stationed in Slovakia to Lithuania to protect the
2023-05-27 01:27
Why will Danny Masterson not be tried for third rape? Actor and convicted sexual offender awaits sentencing
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2023-07-12 16:17
Who is Jynxzi? Gamer once again surpasses Twitch king Kai Cenat as most subscribed streamer, fans call it 'crazy accomplishment'
Jynxzi, a rising gamer and internet personality, has overtaken Kai Cenat as the most-subscribed Twitch streamer, with over 100k active subscribers
2023-08-12 13:47
Travis Barker's daughter Alabama calls for body positivity after troll calls her 'fat as f***'
Alabama Barker, 17, was earlier called out for 'trying too hard to look Black' in a photograph
2023-07-17 14:49
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