Elizabeth Holmes returns to court in bid to avoid prison
March 17, 2023 GMTSAN JOSE, Calif. (AP) — Disgraced Theranos CEO Elizabeth Holmes on Friday made what might be her final court appearance before beginning a 11-year prison sentence, unless a judge grants her request to remain free while her lawyers appeal her conviction for masterminding a blood-testing hoax.
Elizabeth Holmes has 2nd child as prison sentence looms
March 1, 2023 GMTSAN JOSE, Calif. (AP) — Disgraced Theranos CEO Elizabeth Holmes is citing her recently born child as another reason she should be allowed to delay the start of a more than 11-year prison sentence while her lawyers appeal her conviction for duping investors about the capabilities of her failed company's blood-testing technology.
Former Theranos exec seeks to avoid lengthy prison sentence
February 17, 2023 GMTSAN JOSE, Calif. (AP) — Former Theranos executive Ramesh “Sunny" Balwani returned to federal court Friday in a last-ditch attempt to stay out of prison while appealing a jury's verdict convicting him of orchestrating a blood-testing hoax with his former boss and lover, Elizabeth Holmes.
Prosecutors: Convicted CEO Elizabeth Holmes is a flight risk
January 21, 2023 GMTSAN JOSE, Calif. (AP) — Elizabeth Holmes is a flight risk and shouldn’t be allowed to stay out of prison while she appeals her 11-year prison sentence for defrauding investors, federal prosecutors said in court documents.
Prosecutors: Convicted CEO Elizabeth Holmes is a flight risk
January 21, 2023 GMTSAN JOSE, Calif. (AP) — Elizabeth Holmes is a flight risk and shouldn’t be allowed to stay out of prison while she appeals her 11-year prison sentence for defrauding investors, federal prosecutors said in court documents.
Holmes’ former partner gets nearly 13 years in Theranos case
December 8, 2022 GMTSAN JOSE, Calif. (AP) — Former Theranos executive Ramesh “Sunny” Balwani was sentenced Wednesday to nearly 13 years in prison for his role in the company’s blood-testing hoax — a punishment slightly longer than that given to the CEO, who was his lover and accomplice in one of Silicon Valley’s biggest scandals.
Elizabeth Holmes gets more than 11 years for Theranos scam
November 19, 2022 GMTSAN JOSE, Calif. (AP) — Disgraced Theranos CEO Elizabeth Holmes was sentenced Friday to more than 11 years in prison for duping investors in the failed startup that promised to revolutionize blood testing but instead made her a symbol of Silicon Valley ambition that veered into deceit.
Business Highlights: Holmes sentence, Twitter risks
November 18, 2022 GMT___
Holmes gets more than 11 years in prison for Theranos scam
SAN JOSE, Calif. (AP) — A federal judge on Friday sentenced disgraced Theranos CEO Elizabeth Holmes to more than 11 years in prison for duping investors in the failed startup that promised to revolutionize blood testing but instead made her a symbol of Silicon Valley’s culture of audacious self-promotion.
Elizabeth Holmes faces judgment day for her Theranos crimes
November 18, 2022 GMTSAN JOSE, Calif. (AP) — A federal judge on Friday will decide whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology.
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November 17, 2022 GMT___
Exec who cleaned up Enron calls FTX mess ‘unprecedented’
NEW YORK (AP) — The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a “complete failure” of corporate control.
Prosecutors push 15-year sentence for Theranos’ CEO Holmes
November 12, 2022 GMTFederal prosecutors have asked a judge to sentence disgraced Theranos CE0 Elizabeth Holmes to 15 years in prison, arguing she deserves a lengthy prison term because her massive scheme duped investors out of hundreds of millions of dollars by falsely convincing them her company had developed a revolutionary blood testing device.
Elizabeth Holmes asks for leniency for her Theranos crimes
November 11, 2022 GMTDisgraced Theranos CEO Elizabeth Holmes is casting herself as a Silicon Valley scapegoat who overcame an abusive relationship to become a loving mother in an effort to avoid a lengthy prison sentence for duping investors in her failed blood-testing company.
Bid for new trial fails, Elizabeth Holmes awaits sentencing
November 8, 2022 GMTSAN JOSE, Calif. (AP) — A federal judge rejected a bid for a new trial for disgraced Theranos CEO Elizabeth Holmes after concluding a key prosecution witness's recent remorseful attempt to contact her wasn't enough to award her another chance to avoid a potential prison sentence for defrauding investors at her blood-testing company.
Former partner of Elizabeth Holmes wins delay in sentencing
November 7, 2022 GMTSAN JOSE, Calif. (AP) — A federal judge on Monday granted a three-week delay in the sentencing of Ramesh “Sunny” Balwani, the former lover and accomplice of disgraced Theranos CEO Elizabeth Holmes, to give probation officers more time to recommend his punishment for engineering a scam tied to Theranos’ blood-testing technology.
Business Highlights: Wall Street rally, Holmes trial
October 17, 2022 GMT___
Stocks rally on Wall Street in latest volatile move
NEW YORK (AP) — Stocks closed sharply higher on Wall Street, marking the latest about-face for a market that has been unsteadily lurching between gains and losses in recent weeks.
Key witness in Holmes trial affirms testimony against her
October 17, 2022 GMTSAN JOSE, Calif. (AP) — A key witness in a trial that led to the conviction of disgraced Theranos CEO Elizabeth Holmes adamantly stood by his testimony during an unusual court appearance Monday.
DOJ to use ‘carrot and stick’ approach on corporate crime
September 16, 2022 GMTWASHINGTON (AP) — Faced with a decline in the number of corporate criminal prosecutions over the last decade, a top Justice Department official on Thursday unveiled new sweeteners for companies that cooperate with the government and a $250 million Congressional budget request to expand its work.
Elizabeth Holmes seeks new trial, cites key witness’ regrets
September 6, 2022 GMTSAN FRANCISCO (AP) — Disgraced Theranos CEO Elizabeth Holmes requested a new trial Tuesday, asserting in a court filing that a key witness for the prosecution now regrets the role he played in her conviction for investor fraud and conspiracy related to her failed blood-testing startup.
Judge declines to overturn Elizabeth Holmes guilty verdict
September 1, 2022 GMTSAN JOSE, Calif. (AP) — A federal judge on Thursday tentatively declined to overturn the jury conviction of disgraced Theranos CEO Elizabeth Holmes on four felony counts of fraud and conspiracy. That leaves the former Silicon Valley star a step closer to serving prison time.
Former Theranos exec Ramesh Balwani convicted of fraud
July 7, 2022 GMTSAN JOSE, Calif. (AP) — A jury on Thursday convicted former Theranos executive Ramesh “Sunny” Balwani of collaborating with disgraced Theranos CEO Elizabeth Holmes in a massive fraud involving the blood-testing company that once enthralled Silicon Valley.
Business Highlights: Stocks up; euro, dollar nearing parity
July 7, 2022 GMT____
Retailers scale back hiring as worry about a slowdown grows
NEW YORK (AP) — After going on a frenzied hiring spree for a year and a half to meet surging shopper demand, America’s retailers are starting to temper their recruiting.
Jury takes fraud case against Elizabeth Holmes’s ex-partner
June 24, 2022 GMTSAN JOSE, Calif. (AP) — The fate of hard-nosed technology executive Ramesh “Sunny” Balwani is now in the hands of a jury that will weigh criminal charges alleging he joined disgraced Theranos CEO Elizabeth Holmes, his former partner, in an elaborate fraud that jarred Silicon Valley.
Final arguments unfold in second act of Theranos trial drama
June 21, 2022 GMTSAN JOSE, Calif. (AP) — Federal prosecutors on Tuesday depicted former Theranos executive Ramesh “Sunny”” Balwani as an instrumental accomplice in a fraud hatched by his secret lover, former Theranos CEO Elizabeth Holmes.
Elizabeth Holmes looms over trial of former lover, partner
March 22, 2022 GMTSAN JOSE, Calif. (AP) — Although she wasn't in the courtroom, Theranos CEO Elizabeth Holmes loomed over the opening day of a trial that will determine whether her jilted lover and former business partner Ramesh “Sunny" Balwani was also her partner in crime.
Elizabeth Holmes’ ex-lover, business partner faces own trial
March 16, 2022 GMTSAN JOSE, Calif. (AP) — Ramesh “Sunny" Balwani, the jilted lover and business partner of former Theranos CEO Elizabeth Holmes, finally has his chance to defend himself against charges that he was Holmes' accomplice in a Silicon Valley scam involving a ballyhooed blood-testing technology that flopped.
Elizabeth Holmes’s sordid saga goes from trial to TV series
March 7, 2022 GMTSAN JOSE, Calif. (AP) — “I am expecting quite a show.”
I didn’t realize how prophetic my words would be when ABC News correspondent Rebecca Jarvis asked in early September what I was expecting on the opening day of a high-profile trial dissecting an alleged scam orchestrated by fallen Silicon Valley star Elizabeth Holmes.
Will Elizabeth Holmes’ conviction sober up Silicon Valley?
January 4, 2022 GMTSAN JOSE, Calif. (AP) — The fraud conviction of former Theranos CEO Elizabeth Holmes could do more than just send a once-celebrated ex-billionaire to prison. In theory, it could also deliver a sobering message to a Silicon Valley culture that often gets lost in its own hubris and swagger.
Business Highlights: Holmes saga, 2021 auto sales
January 4, 2022 GMT___
Elizabeth Holmes saga still has some loose ends to resolve
SAN JOSE, Calif. (AP) — A jury has ended the suspense surrounding the fraud trial of former Theranos CEO Elizabeth Holmes by finding her guilty on four of the 11 charges facing her, but some issues in the legal drama remain unresolved.
Elizabeth Holmes saga still has some loose ends to resolve
January 4, 2022 GMTSAN JOSE, Calif. (AP) — A jury has ended the suspense surrounding the fraud trial of former Theranos CEO Elizabeth Holmes by finding her guilty on four of the 11 charges facing her, but some issues in the legal drama remain unresolved.
Former Theranos CEO Holmes convicted of fraud and conspiracy
January 4, 2022 GMTSAN JOSE, Calif. (AP) — In a case that exposed Silicon Valley’s culture of hubris and hype, Elizabeth Holmes was convicted Monday of duping investors into believing her startup Theranos had developed a revolutionary medical device that could detect a multitude of diseases and conditions from a few drops of blood.
Scientist, enforcer, high-flyer: 3 women put a mark on tech
January 4, 2022 GMTWASHINGTON (AP) — Three bright and driven women with ground-breaking ideas made significant — if very different — marks on the embattled tech industry in 2021.
Frances Haugen, Lina Khan and Elizabeth Holmes — a data scientist turned whistleblower, a legal scholar turned antitrust enforcer and a former Silicon Valley high-flyer turned criminal defendant — all figured heavily in a technology world where men have long dominated the spotlight.
Holmes jury to take break after six days of deliberation
December 30, 2021 GMTSAN JOSE, Calif. (AP) — The jury weighing fraud charges against former Theranos CEO Elizabeth Holmes departed court Wednesday without reaching a verdict after six days of deliberations. It won't resume discussions until after the upcoming New Year's holiday weekend.
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December 29, 2021 GMT——
China urges US to protect its space station from satellites
BEIJING (AP) — China is urging the United States to protect a Chinese space station and its three-member crew after Beijing complained that satellites launched by Elon Musk’s SpaceX nearly struck the station.
Elizabeth Holmes jury finishes fifth day of deliberations
December 29, 2021 GMTSAN JOSE, Calif. (AP) — The jury weighing fraud charges against former Theranos CEO Elizabeth Holmes left the court Tuesday without reaching a verdict after a fifth day of deliberations. Holmes is facing 11 criminal charges alleging that she duped investors and patients by hailing her company’s blood-testing technology as a medical breakthrough when in fact it was prone to wild errors.
Holmes jury ends fourth inconclusive day of deliberations
December 28, 2021 GMTSAN JOSE, Calif. (AP) — The jury weighing fraud charges against former Theranos CEO Elizabeth Holmes conducted a fourth day of deliberations Monday without reaching a verdict. Holmes is facing 11 criminal charges alleging that she duped investors and patients by hailing her company’s blood-testing technology as a medical breakthrough when in fact it was prone to wild errors.
Jury in Elizabeth Holmes trial hears replay of her boasts
December 23, 2021 GMTSAN JOSE, Calif. (AP) — Jurors in the fraud trial of former Theranos CEO Elizabeth Holmes returned to the courtroom Thursday to listen again to audio recordings that captured Holmes' brash promises about vaunted blood-testing technology that propelled her meteoric rise and scandalous downfall.
EXPLAINER: Why Elizabeth Holmes’ fraud case turns on intent
December 22, 2021 GMTSAN JOSE, Calif. (AP) — The high-profile case of former Theranos CEO Elizabeth Holmes, now before a jury, boils down to a single question: Did she cover up defects in her startup's blood-testing technology to rip off investors while potentially endangering the lives of unwitting patients?
Jurors start weighing evidence in Elizabeth Holmes’ case
December 20, 2021 GMTSAN JOSE, Calif. (AP) — The jurors now responsible for assessing 11 charges of fraud and conspiracy against former Theranos CEO Elizabeth Holmes are scheduled to begin their first full day of deliberations on Monday.
Elizabeth Holmes’ fraud case heads to the jury
December 18, 2021 GMTSAN JOSE, Calif. (AP) — The jury that will weigh 11 charges of fraud and conspiracy against former Theranos CEO Elizabeth Holmes finally got the case Friday afternoon after a three-month trial that captivated Silicon Valley.
Elizabeth Holmes jurors hear different takes on her downfall
December 17, 2021 GMTSAN JOSE, Calif. (AP) — Jurors in the case of former Theranos CEO Elizabeth Holmes on Thursday heard starkly different interpretations of her motives and actions as her long-running criminal trial nears the finish line.
What Elizabeth Holmes had to say at her trial: 5 takeaways
December 9, 2021 GMTSAN JOSE, Calif. (AP) — Once-lionized entrepreneur Elizabeth Holmes wrapped up seven days of testimony in her criminal fraud trial Wednesday, having largely used the time to defend her actions as CEO of the startup Theranos.
Business Highlights: Amazon mystery, Holmes’ defense
December 8, 2021 GMT___
Explainer: What caused Amazon’s outage? Will there be more?
Robotic vacuum cleaners wouldn’t start. Doorbell cameras stopped watching for package thieves, though some of those deliveries were canceled anyway.
Defense team rests in Elizabeth Holmes fraud trial
December 8, 2021 GMTSAN JOSE, Calif. (AP) — Fallen entrepreneur Elizabeth Holmes has finished her attempt to persuade a jury that she suffered lapses in business judgment but never engaged in fraud while running blood-testing startup Theranos.
Theranos founder Elizabeth Holmes faces cross-examination
December 8, 2021 GMTSAN JOSE, Calif. (AP) — Former Theranos CEO Elizabeth Holmes spent another five hours on the witness stand Tuesday sparring with a federal prosecutor aiming to prove criminal allegations that she misled investors, customers, and patients about a flawed blood-testing technology that she spent years touting as a medical breakthrough.
Elizabeth Holmes gets emotional under fire by prosecutors
December 1, 2021 GMTSAN JOSE, Calif. (AP) — One-time entrepreneur Elizabeth Holmes, under questioning by prosecutors, struggled Tuesday to recall key events that led to her facing criminal fraud charges for allegedly fleecing investors and customers of her failed blood-testing startup Theranos.
Elizabeth Holmes accuses ex-lover, business partner of abuse
November 30, 2021 GMTSAN JOSE, Calif. (AP) — Disgraced entrepreneur Elizabeth Holmes described herself as the abused puppet of her former lover and business partner Sunny Balwani in tearful testimony Monday, part of her attempt to refute accusations that she lied about a flawed blood-testing technology she had hailed as a major breakthrough.
Elizabeth Holmes denies deception at her criminal trial
November 24, 2021 GMTSAN JOSE, Calif. (AP) — Biotechnology entrepreneur Elizabeth Holmes, a former billionaire accused of engineering a massive medical scam, expressed some remorse while on the witness stand Tuesday, but denied trying to conceal that her company's blood-testing methods weren't working as she had promised.
Elizabeth Holmes denies deception at her criminal trial
November 24, 2021 GMTSAN JOSE, Calif. (AP) — Biotechnology entrepreneur Elizabeth Holmes, a former billionaire accused of engineering a massive medical scam, expressed some remorse while on the witness stand Tuesday, but denied trying to conceal that her company's blood-testing methods weren't working as she had promised.
Elizabeth Holmes makes her case to the jury in fraud trial
November 23, 2021 GMTSAN JOSE, Calif. (AP) — Elizabeth Holmes, the one-time medical entrepreneur now charged with building a fraudulent company based on promises of a revolutionary technology, returned to the witness stand Monday.
Elizabeth Holmes takes the stand in her criminal fraud trial
November 20, 2021 GMTSAN JOSE, Calif. (AP) — Fallen Silicon Valley star Elizabeth Holmes, accused of bamboozling investors and patients about her startup Theranos and its medical device that she said would reshape health care, took the witness stand late Friday in her trial for criminal fraud.
Reporter recalls pivotal story in Elizabeth Holmes’ stardom
November 19, 2021 GMTSAN JOSE, Calif. (AP) — The Fortune Magazine reporter whose cover story helped turn Elizabeth Holmes into a Silicon Valley sensation testified Thursday as to how he ended up feeling like a pawn in the entrepreneur's promotion of what she called a revolutionary blood-testing technology.
Jury gets chance to hear Elizabeth Holmes’ bold promises
October 22, 2021 GMTSAN JOSE, Calif. (AP) — A jury weighing the fate of fallen Silicon Valley star Elizabeth Holmes got its first chance Friday to listen to recordings of her boasting to investors about purported breakthroughs in a blood-testing technology.
Theranos CEO wooed investors while lab director saw trouble
September 28, 2021 GMTSAN JOSE, Calif. (AP) — Fallen Silicon Valley star Elizabeth Holmes convinced media mogul Rupert Murdoch and other billionaires to invest in her biotechnology startup despite warnings its unconventional blood tests were dangerously unreliable, according to evidence presented Tuesday during her criminal trial.
Former US defense secretary testifies in Holmes fraud trial
September 23, 2021 GMTSAN JOSE, Calif. (AP) — Former U.S. Secretary of Defense James Mattis testified Wednesday in the trial of fallen tech star Elizabeth Holmes, saying the entrepreneur misled him into believing she was on the verge of rolling out a blood-testing breakthrough that he hoped would help save lives of troops in battle.
Elizabeth Holmes drawn as villain, underdog as trial begins
September 9, 2021 GMTSAN JOSE, Calif. (AP) — Prosecutors and defense attorneys sketched dueling portraits of fallen Silicon Valley star Elizabeth Holmes as her trial got underway Wednesday, alternatively describing her as a greedy villain who faked her way to the top and as a passionate underdog whose spent years trying to shake up the health care industry.
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September 7, 2021 GMT___
Elizabeth Holmes’ trial to dissect downfall of a tech star
SAN JOSE, Calif. (AP) — Elizabeth Holmes once seemed destined to fulfill her dream of becoming Silicon Valley’s next superstar.
Elizabeth Holmes’ trial to dissect downfall of a tech star
September 7, 2021 GMTJust six years ago, Elizabeth Holmes seemed destined to fulfill her dream of becoming Silicon Valley's next superstar. She was the subject of business magazine cover stories describing her as the youngest self-made female billionaire in history, former President Bill Clinton was reverently quizzing her about her thoughts on technology, and then Vice President Joe Biden was hailing her ideas as an inspiration.
Fallen tech star Elizabeth Holmes prepares to go on trial
September 1, 2021 GMTJury selection in the fraud trial of Theranos founder Elizabeth Holmes began Tuesday, casting a spotlight on the fallen Silicon Valley star now facing felony charges alleging she duped elite financial backers, customers and patients into believing that her startup was about to revolutionize medicine.
Sundance: Documentary dives deep into the fraud of Theranos
January 25, 2019 GMTPARK CITY, Utah (AP) — Oscar-winning filmmaker Alex Gibney has always been interested in the psychology of fraud and self-deception. So when HBO CEO Richard Plepler and Graydon Carter proposed that he look into the blood-testing startup Theranos and its charismatic young leader Elizabeth Holmes, saying yes was a "no-brainer."
Publisher of Theranos book moves up release date to May
March 22, 2018 GMTNEW YORK (AP) — The publisher of an investigative book on blood testing startup Theranos has moved up the release date from October to this spring.
"Bad Blood: Secrets and Lies in a Silicon Valley Startup" was written by Pulitzer Prize winning journalist John Carreyrou, who in The Wall Street Journal first raised questions about the company's blood-testing technology.
Holmes surrenders Theranos, pays $500K after ‘massive fraud’
March 14, 2018 GMTNEW YORK (AP) — Elizabeth Holmes, a Stanford University dropout once billed as the "next Steve Jobs," has forfeited control of Theranos, the blood-testing startup she founded, and will pay $500,000 to settle charges that she oversaw a "massive fraud."