Disgraced Theranos CEO Elizabeth Holmes has avoided starting her more than 11-year prison sentence by deploying the same legal maneuver that enabled her co-conspirator to remain free for an additional month.
Balwani, 57, is now serving a nearly 13-year prison sentence in a federal prison located in San Pedro, California after being convicted ofAlthough they had separate trials, Holmes and Balwani were accused of essentially the same crimes centered on a ruse touting Theranos’ blood-testing system as a revolutionary breakthrough in health care. The claims helped the company become a Silicon Valley sensation that raised nearly $1 billion from investors.
The news of Holmes' latest legal maneuver emerged the same day that it was announced one of the federal prosecutors who helped convict her is leaving the U.S. Attorney's office in San Jose, California. Jeffrey Schenk, who also helped convict Balwani in that trial, will specialize in defending people accused of white-collar crimes as a partner for the law firm Jones Day in Silicon Valley.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disgraced Theranos CEO Elizabeth Holmes delays going to prison with another appealDisgraced Theranos CEO Elizabeth Holmes has avoided starting her more than 11-year prison sentence on Thursday by deploying the same legal maneuver that enabled her co-conspirator in a blood-testing hoax to remain free for an additional month.
Read more »
Disgraced Theranos CEO Elizabeth Holmes' prison stay delayed with another appealHolmes has avoided starting her more than 11-year prison sentence on Thursday by deploying the same legal maneuver that enabled her co-conspirator in a blood-testing hoax to remain free for an additional month.
Read more »
Elizabeth Holmes' sentence delayed, keeping convicted former Theranos chief out of prison for nowElizabeth Holmes' 11-year prison sentence has been automatically delayed. The automatic stay came as Holmes seeks to appeal an earlier decision denying her release while she appeals her conviction on criminal fraud charges.
Read more »
Elizabeth Holmes’ Daughter’s Name May Be Narcissism at Its Finest“Naming a kid after a poem that political and war prisoners often cite is precious. The demons of denial are raging. Minimum security prison camp with Jen Shah of RH sadly won’t fix that.”
Read more »
Elizabeth Holmes Gets to Stay Out of Prison a Little Longer, Court RulesElizabeth Holmes’ attorneys have appealed her conviction to the ninth circuit, which means the Theranos founder will have at least a little bit longer to spend time with her two children.
Read more »
Elizabeth Holmes avoids reporting to prison this week after last-minute appeal of judge rulingElizabeth Holmes not reporting to prison this week after last-minute appeal of judge ruling
Read more »