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Theranos

Elizabeth Holmes objects to $250-a-amonth victim payments after prison

Federal prosecutors say there's a clerical error in a court filing that doesn't specify a schedule for Holmes to pay $452 million in restitution to victims of her massive fraud

Elizabeth Holmes objects to $250-a-amonth victim payments after prison
Updated On : 13 Jun 2023 | 8:55 AM IST

Elizabeth Holmes loses final bid to stay out of prison in fraud conviction

Theranos Inc. founder will soon have to report to prison to begin her 11 1/4-year sentence after she was convicted by a jury last year of defrauding investors

Elizabeth Holmes loses final bid to stay out of prison in fraud conviction
Updated On : 17 May 2023 | 8:25 AM IST

Elizabeth Holmes files fresh plea to put off prison as she appeals

Holmes already has initiated an appeal of last year's jury verdict finding her guilty of multiple criminal counts of defrauding investors. That process could take as long as two years

Elizabeth Holmes files fresh plea to put off prison as she appeals
Updated On : 18 Mar 2023 | 7:12 AM IST

Ex-Theranos executive Balwani loses bid to stay prison-free during appeal

Ramesh Sunny Balwani, the Indian-origin former chief operating officer of a US-based failed blood-testing start-up, Theranos, has lost his bid to remain free while he appeals his conviction on fraud charges that prosecutors said risked patient health and defrauded the firm's investors of millions of dollars, according to a media report. A federal judge on Thursday, in a 17-page ruling, denied the motion by Balwani to remain free until his appeal to a higher court is resolved, the CBS News channel reported. US District Judge Edward Davila held a nearly two-hour hearing on Balwani's motion in mid-February but delayed ruling until six days before the convict must report to prison. Balwani, 57, was sentenced in December last year in California to 12 years and 11 months in federal prison for fraud that risked patient health by misrepresenting the accuracy of Theranos blood analysis technology and that defrauded the blood-testing company's investors of millions of dollars. In addition to

Ex-Theranos executive Balwani loses bid to stay prison-free during appeal
Updated On : 10 Mar 2023 | 1:50 PM IST

Former Theranos COO Ramesh Balwani fights US over $900 mn restitution

Balwani and Holmes, who had a romantic relationship while they worked together, were tried and convicted separately of lying about the accuracy and capabilities of Theranos's blood-testing machines

Former Theranos COO Ramesh Balwani fights US over $900 mn restitution
Updated On : 19 Feb 2023 | 5:07 PM IST

Former Theranos exec Ramesh Balwani seeks to avoid lengthy prison sentence

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. Besides overseeing arguments about Balwani's attempt to delay the start of his nearly 13-year prison sentence, U.S. District Judge Edward Davila also heard a vigorous debate about how much money Balwani should pay investors and patients duped by the Theranos blood tests that never worked as promised. The deceit resulted in Balwani's conviction on 12 counts of fraud and conspiracy. Davila didn't issue any rulings at the end of the 90-minute hearing. His decision on whether Balwani can remain free on bail while he appeals his conviction, however, is likely to come soon. That's because Balwani, 57, is scheduled to report to prison in Lompoc, California, on March 15. The judge said he doesn't expect to decide on the question of

Former Theranos exec Ramesh Balwani seeks to avoid lengthy prison sentence
Updated On : 18 Feb 2023 | 11:05 AM IST

Not just FTX's Sam Bankman-Fried: A look at five biggest CEO frauds ever

The manner of Sam Bankman-Fried's fall from grace is something the world has seen earlier, too. Here are five such biggest and most sensational instances

Not just FTX's Sam Bankman-Fried: A look at five biggest CEO frauds ever
Updated On : 14 Dec 2022 | 10:04 AM IST

All you need to know about Theranos' former COO Ramesh 'Sunny' Balwani

In what is considered to be one of the biggest frauds in Silicon Valley, Balwani was convicted on all 12 charges in July for his role at Theranos. He has been sentenced to a prison term of 13 years

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Updated On : 09 Dec 2022 | 12:06 PM IST

Ex-Theranos president Ramesh 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 the company

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Updated On : 08 Dec 2022 | 7:56 AM IST

Elizabeth Holmes appeals her Theranos fraud conviction, prison term

Lawyers for Holmes, 38, filed a single-page notice of appeal without disclosing on what grounds she will ask the Court of Appeals to overturn the guilty verdict reached by a jury 11 months ago

Elizabeth Holmes appeals her Theranos fraud conviction, prison term
Updated On : 03 Dec 2022 | 9:50 AM IST

Elizabeth Holmes sentenced to 11 years in prison for Theranos Fraud

"I am devastated by my failings," Holmes said. "Looking back there are so many things I'd do differently if I had the chance. I tried to realize my dream too quickly."

Elizabeth Holmes sentenced to 11 years in prison for Theranos Fraud
Updated On : 19 Nov 2022 | 6:43 AM IST

Elizabeth Holmes faces years in prison for her crimes in Theranos collapse

Holmes stands out among white-collar criminals because relatively few of them are women convicted of such serious fraud, legal experts say

Elizabeth Holmes faces years in prison for her crimes in Theranos collapse
Updated On : 18 Nov 2022 | 8:06 AM IST

Theranos COO Ramesh Balwani found guilty of multimillion-dollar fraud in US

The federal jury in San Jose on Thursday found Pakistan-born Balwani, 57, guilty of two counts of conspiracy and ten counts of wire fraud through a multimillion-dollar scheme

Theranos COO Ramesh Balwani found guilty of multimillion-dollar fraud in US
Updated On : 09 Jul 2022 | 2:25 AM IST

What lessons does Elizabeth Holmes' fall have for startup investors?

Billionaire Elizabeth Holmes, founder of Theranos, has been found guilty of defrauding investors. What lessons does the Homes-saga hold for startup investors back home, this report finds out

What lessons does Elizabeth Holmes' fall have for startup investors?
Updated On : 07 Jan 2022 | 8:30 AM IST

TMS Ep81: Jet Airways, Elizabeth Holmes, Q3 results, Consolidated Fund

Jet Airways 2.0 faces turbulence before take-off? Lessons for investors from Elizabeth Holmes' fall? Will Q3 earnings surprise Dalal Street? What is the Consolidated Fund of India? All answers here

TMS Ep81: Jet Airways, Elizabeth Holmes, Q3 results, Consolidated Fund
Updated On : 07 Jan 2022 | 8:00 AM IST

Former Theranos CEO Elizabeth Holmes convicted of fraud and conspiracy

Former Theranos CEO Elizabeth Holmes was convicted on four counts of fraud and conspiracy, ending a lengthy trial that has captivated Silicon Valley.

Former Theranos CEO Elizabeth Holmes convicted of fraud and conspiracy
Updated On : 04 Jan 2022 | 6:58 AM IST

Theranos' Holmes cross-examined over relationship with partner

Holmes, 37, testified on Monday that the decade-long relationship had a pervasive impact on her life during the time when prosecutors say she committed fraud

Theranos' Holmes cross-examined over relationship with partner
Updated On : 01 Dec 2021 | 10:04 AM IST

Theranos' Holmes testifies she was abused by ex-partner Balwani

Balwani has 'categorically' denied the allegations in court filings, calling them 'false and inflammatory'

Theranos' Holmes testifies she was abused by ex-partner Balwani
Updated On : 30 Nov 2021 | 9:42 AM IST

Theranos founder Elizabeth Holmes indicted on fraud charges

The criminal charges were the culmination of a rarity in Silicon Valley - federal prosecution of a technology start-up

Theranos founder Elizabeth Holmes indicted on fraud charges
Updated On : 16 Jun 2018 | 10:12 PM IST