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The Latest Breaking News from Edward Davila

Ex-Theranos executive headed to prison after losing appeal

Former Theranos executive Ramesh “Sunny” Balwani will be heading to prison later this month

The Independent UK

Elizabeth Holmes’ judge says he won’t rule on her prison date till early next month

Theranos founder Elizabeth Holmes’ bid to stay out of prison past her scheduled April 27 incarceration date remains in play after her judge said Friday he would not issue an order until early next month.

Tribune News Service

Judge to decide in April whether to delay prison for Theranos founder Elizabeth Holmes

Holmes was sentenced to 11 years in prison for defrauding investors out of more than $100 million. Now, she has asked a judge to remain free on bail until her appeal is heard.

WEKU

From analysis to the latest developments in health,
read the most diverse news in one place.

Elizabeth Holmes returns to court in bid to avoid prison

Disgraced Theranos CEO Elizabeth Holmes has made what might be her final court appearance before beginning a 11-year prison sentence

The Independent UK

Theranos exec Sunny Balwani loses bid to delay prison term

A federal judge has rejected former Theranos executive Ramesh “Sunny” Balwani’s bid to remain free while he appeals his conviction for crimes he committed during a blood-testing scam he orchestrated with his former boss and lover, Elizabeth Holmes

The Independent UK

Elizabeth Holmes responds to feds’ demand she pay $878 million: Crimes didn’t kill Theranos

Theranos founder Elizabeth Holmes, fighting a $900 million restitution demand, claims her crimes were not proven to have caused her blood testing startup’s collapse, and her deceptions did not generate all the money investors poured into her firm.

Tribune News Service

Elizabeth Holmes has 2nd child as she tries to avoid prison

Disgraced Theranos CEO Elizabeth Holmes recently gave birth to her second child

The Independent UK

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Elizabeth Holmes gives birth to second child while seeking to further delay imprisonment

Theranos founder Elizabeth Holmes has given birth to a second child as she seeks to delay her impending imprisonment for felony fraud, according to a court filing this week.

Tribune News Service

Former Theranos exec seeks to avoid lengthy prison sentence

Former Theranos executive Ramesh “Sunny” Balwani has returned to federal court in a last-ditch attempt to stay out of prison while he's appealing a jury’s verdict convicting him of orchestrating a blood-testing hoax with his former boss and lover, Elizabeth Holmes

The Independent UK

Meta to buy VR startup Within after favorable court ruling

A federal judge has sided with Facebook parent Meta and cleared the way for the company to buy virtual reality startup Within Unlimited, the maker of the popular fitness app Supernatural

The Independent UK

More Cracks in the FTC's Aggressive Antitrust Plans, as Court Refuses To Ban Meta From Buying V.R. Fitness App

Plus: Trump teases new avenues of authoritarianism, interest rates raised again, and more...

Reason

Feds to Elizabeth Holmes: What about that one-way ticket to Mexico?

Theranos founder Elizabeth Holmes, defending herself against prosecutors’ claim that she tried to flee the U.S. after her 2022 fraud conviction, failed to explain her one-way ticket to Mexico, the prosecution said in a court filing Wednesday.

Tribune News Service

Elizabeth Holmes was ‘recklessly and incorrectly’ accused of trying to flee the country, lawyers say

Federal prosecutors “recklessly and inaccurately” accused Theranos founder Elizabeth Holmes of trying to flee the U.S. after her felony-fraud conviction, using “incomplete and provably inaccurate statements of fact in support of that accusation,” her legal team said in a court filing Monday.

Tribune News Service

Prosecutors: Convicted CEO Elizabeth Holmes is a flight risk

Federal prosecutors say 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

The Independent UK

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Tribune News Service

Feds say Elizabeth Holmes ‘attempted to flee’ the US with one-way ticket after conviction

Theranos founder Elizabeth Holmes tried to flee the U.S. after a jury convicted her of felony fraud in early 2022, federal prosecutors alleged in a new court filing.

Tribune News Service

Elizabeth Holmes appeals fraud conviction, wants freedom until appeal is over

Theranos founder Elizabeth Holmes has appealed her felony-fraud conviction — claiming up to 10 reasons she should be granted a new trial — and is asking the court to grant her freedom until her appeal is done.

Tribune News Service

Ex-Theranos President Balwani gets 13-year prison term in fraud case

Former Theranos Inc. President and Chief Operating Officer Ramesh “Sunny” Balwani was sentenced to 13 years in prison for defrauding investors and patients of Theranos Inc., the blood-testing startup he ran alongside its founder and chief executive officer Elizabeth Holmes.

The Independent UK

Former Theranos executive Sunny Balwani sentenced to 13 years in prison

Judge Edward Davila described Sunny Balwani and Elizabeth Holmes as ‘co-leaders’ in a scheme to defraud Theranos investors

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The Independent UK

Holmes' former partner faces sentencing in Theranos case

A former Theranos executive learns Wednesday whether he will be punished as severely as his former lover and business partner for peddling the company’s bogus blood-testing technology that duped investors and endangered patients

Tribune News Service

Elizabeth Holmes appeals Theranos fraud conviction, prison term

Elizabeth Holmes appealed her criminal fraud conviction, two weeks after she was ordered to serve 11 1/4 years in prison for deceiving investors in her blood-testing startup Theranos Inc.

Tribune News Service

Elizabeth Holmes could stay out of prison for a year or more: legal experts

When Judge Edward Davila sentenced Theranos founder Elizabeth Holmes to more than 11 years in prison last week, he ordered that she surrender for imprisonment April 27. But legal experts say Holmes could remain free well past that date.

WEKU

Read what a judge told Elizabeth Holmes before sending her to prison for 11 years

Read exactly what the judge told former Theranos CEO Elizabeth Holmes before he sentenced her to 11 years in federal prison.

WEKU

How Silicon Valley fervor explains Elizabeth Holmes' 11-year prison sentence

Raising hundreds of millions dollars sends a startup's valuation soaring. It can also make serious prison time all but inevitable for those in Holmes' situation.

Axios

Assigning blame when startups break bad

The best con artists are the ones who identify the system’s frailties and then exploit them.

Wales Online

Disgraced Elizabeth Holmes jailed for more than 11 years over Theranos scam

One-time world's youngest female billionaire sobs as US judge says her company was dashed by 'misrepresentations, hubris and just plain lies'

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Ramesh ‘Sunny’ Balwani

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