Edward Davila

The entrepreneur starts her 11-year prison term after her conviction for defrauding the blood-testing company’s investors. The entrepreneur starts her 11-year prison term after her conviction for defrauding the blood-testing company’s investors. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

The entrepreneur faces an 11-year prison term after her conviction for defrauding the blood-testing company’s investors. The entrepreneur faces an 11-year prison term after her conviction for defrauding the blood-testing company’s investors. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

Holmes appeared in San Jose federal court on November 18, 2022. Image: Justin Sullivan (Getty Images)After being convicted of wire fraud for her dealings with her failed blood startup Theranos, Elizabeth Holmes has white-knuckled herself to freedom for just a little bit longer. A last minute legal filing on Tuesday has delayed her 11-year prison sentence, which was expected to begin today.NPR Is Going Dark on Twitter | Future TechAccording to CNBC, Holmes’ legal team appealed to the U.S. Ninth Circuit Court of Appeals in…

The U.S. government said on Friday it was formally ending its effort to stop Facebook parent Meta Platforms Inc from buying virtual reality (VR) content maker Within Unlimited. The Federal Trade Commission (FTC), which lost a fight in court to block the acquisition, said in a filing that it has decided to formally end its effort. The FTC sued Meta in July to stop the Within deal, arguing that Meta's purchase would reduce competition in a new market. The deal for Within, which makes the Supernatural fitness workouts, was…

A federal judge in California has rejected the Federal Trade Commission’s attempt to block Meta from acquiring virtual reality startup Within for an estimated $400 million. The decision, which all but greenlights one of Meta’s largest acquisitions in years, marks a major victory for the company and a stinging defeat for the tech critical Biden-era FTC.The decision, according to Bloomberg, came from US District Judge Edward Davila in San Jose, who rejected the FTC’s request for a preliminary injunction to block the deal.…

Ramesh ‘Sunny’ Balwani, an ex-Theranos exec and former number two at the company walked into court Dec. 7 for his sentencing. He had been convicted of 12 counts of fraud and conspiracy earlier this year.Photo: Jeff Chiu (AP)Despite his rather chipper name, there’s not a lot that ex-startup executive Ramesh “Sunny” Balwani can feel happy about during his long Wednesday spent in court. Afederal judge sentenced Theranos’ other big executive to 155 months, or a little less than 13 years in prison. It’s slightly more than…

Photo: Justin Sullivan (Getty Images)District Judge Edward Davila has proposed sentencing Theranos founder Elizabeth Holmes to a federal prison camp in Texas, according to court filings. “The Court finds that family visitation enhances rehabilitation,” Davila wrote in the filing, according to Bloomberg, which summarized the terms of Holmes’ sentencing.  The prison camp is located in Bryan, Texas, and was proposed as an alternative to Holmes serving her 11-year 3-monthsentence at a California prison. There’s a few prison…

Theranos CEO Elizabeth Holmes, center, walking into court surrounded by her mother Noel Holmes and partner Billy Evans. Holmes was sentenced in San Jose Federal Court Nov. 18.Photo: Justin Sullivan (Getty Images)Elizabeth Holmes, the Stanford dropout, startup founder, and Theranos CEO who lied over and over about her blood testing startup, can expect time behind bars in the near future. Holmes was sentenced to 11.25 years in prisonand 3 years of supervised release. San Jose federal court on Friday. The sentence came down…

Elizabeth Holmes and her legal defense team are asking for an 18-month period of house arrest, as opposed to the maximum 80 years of potential jail time the Theranos founder faces. In a lengthy memo pleading for leniency, Holmes requested that the court “look beyond that caricature,” of her in the media and “examine Ms. Holmes the human being.” 07:33The Dead Friends Society Audiobook ClipYesterday 3:38PM The disgraced entrepreneur was convicted on four counts of fraud against investors in January, each of which carries a…

Elizabeth Holmes during her court appearance on Oct. 17. Photo: Justin Sullivan (Getty Images)We may be finally drawing close to the end of the migraine-inducing episodic Theranos drama, and we’re not even talking about the Hulu show. Theranos founder Elizabeth Holmes nowhas a sentencing date after being convicted of scamming close to $900 million from investors with her company’s blood testing startup.Though the now-visibly pregnant Holmes was convicted back in January, she put a lot of blood, sweat, and quite a few…