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Elizabeth Holmes reports to prison
Elizabeth Holmes reports to prison
Elizabeth Holmes reported to prison on Tuesday, capping off a stunning downfall for the disgraced founder of failed blood testing startup Theranos.
2023-05-31 02:21
US urged not to use bomb-grade uranium in nuclear power experiment
US urged not to use bomb-grade uranium in nuclear power experiment
By Timothy Gardner WASHINGTON Former U.S. State Department and nuclear regulatory officials on Tuesday urged the U.S. Energy
2023-05-31 01:56
What Elizabeth Holmes' life in prison could look like
What Elizabeth Holmes' life in prison could look like
Once a Silicon Valley icon and paper billionaire, Elizabeth Holmes will now have to wake every morning at 6 a.m., hold a job paying as little as $0.12 an hour, and share bathing facilities at a prison camp in southern Texas.
2023-05-31 01:49
Colleges will soon have option to hide students' race and ethnicity information on applications submitted through Common App
Colleges will soon have option to hide students' race and ethnicity information on applications submitted through Common App
Colleges will soon have the option to hide students' race and ethnicity information on applications submitted through Common App, according to the organization.
2023-05-31 01:47
Elizabeth Holmes surrenders to federal prison in Texas to begin 11-year sentence for Theranos scandal
Elizabeth Holmes surrenders to federal prison in Texas to begin 11-year sentence for Theranos scandal
Elizabeth Holmes has surrendered to a federal prison in Texas to begin her 11-year sentence over the Theranos scandal which rocked the high-flying tech world of Silicon Valley. The 39-year-old disgraced tech entrepreneur reported to Bryan, the minimum-security federal prison camp in Texas, on Tuesday after exhausting all remaining legal avenues to cling onto her freedom. Holmes was convicted in January 2022 of four counts of fraud and conspiracy for lying about the capabilities pf her biotech company’s blood testing technology and conning investors out of millions of dollars. She was sentenced to 11 years and three months in prison and ordered to pay $452m in restitution to investors – including $125m to media mogul Rupert Murdoch. Holmes had been given until 2pm local time to surrender to the prison camp where she will see out her 11-year sentence surrounded by other white-collar, non-violent female offenders. Her two children – two-year-old William and three-month-old Invicta – will be allowed to visit their mother in the facility. The prison camp, which runs a work-focused program where all inmates are required to hold a job for at least 90 days, is a marked difference from Holmes’ life years earlier when she was seen as the darling of Silicon Valley. The saga began two decades ago when Holmes dropped out of Stanford University in 2003 at the age of 19 to found Theranos. The blood lab company aimed to develop medical devices that could diagnose hundreds of diseases and medical conditions with just a pinprick of blood. Over the next 10 years, Theranos boasted about its capabilities to transform the healthcare industry and grew to a value of $9bn, attracting investments from the likes of Murdoch, former Education Secretary Betsy DeVos and the heirs to the Walmart fortune. The company amassed an influential board of directors including former presidential cabinet members George Shultz, Henry Kissinger and James Mattis. Holmes, meanwhile, was catapulted onto magazine covers and became heralded as the next Steve Jobs while her personal fortune reached $4.5bn. But the technology didn’t do close to what Holmes claimed it could. In 2018, Holmes – Theranos CEO and founder – and Ramesh “Sunny” Balwani – Theranos chief operating officer and Holmes’ live-in romantic partner – were both indicted on fraud charges and the company was dissolved. She was allowed out on bail and while awaiting trial – which was stalled due to the Covid-19 pandemic – Holmes became pregnant with her first child with her partner, hotel boss Billy Evans. She became pregnant with her second child following her conviction. During her trial, Holmes sought to paint a picture that she had simply been under the control of Balwani, 57, and that she never intended to mislead investors about the technology’s capabilities. The jury didn’t buy it and she was convicted of four counts, which could have landed her with up to 20 years’ prison time. Balwani was also convicted of 12 counts of fraud and conspiracy at his trial and was sentenced to 13 years in federal prison. He began serving his sentence in Southern California last month. Since her conviction, Holmes has fought to stay out of prison claiming that she was treated unfairly by prosecutors during trial and that she should be allowed to remain out of prison while she appeals the conviction. An appeals court denied her request and said she must report to prison where she can continue to appeal her conviction behind bars. She asked the judge that she be allowed to remain free through Memorial Day weekend so that she could sort out childcare for her two children, before surrendering to authorities on 30 May. Weeks before beginning her sentence, Holmes admitted that she had made “many mistakes” in a new interview with The New York Times. “I made so many mistakes and there was so much I didn’t know and understand, and I feel like when you do it wrong, it’s like you really internalise it in a deep way,” she said. Read More Elizabeth Holmes news – latest: Theranos founder to surrender to Texas prison today to begin 11-year sentence As Elizabeth Holmes heads to prison for fraud, questions remain about her motives Elizabeth Holmes requests May 30 as new date to report to prison after losing her bid to remain free
2023-05-31 01:47
Tourists flee Florida beach in terror as gunshots ring out in harrowing video of Hollywood shooting
Tourists flee Florida beach in terror as gunshots ring out in harrowing video of Hollywood shooting
A chilling video of the mass shooting at Florida’s Hollywood Beach on Memorial Day has showed people panicking and scrambling for safety. Nine people – six adults and three children – were wounded in the shooting in 1200 block of N Broadwalk near the Margaritaville Hollywood Beach Resort, 20 miles north of Miami. Local reports said several victims were taken to Memorial Regional Hospital and Joe DiMaggio Children’s Hospital. Live cam footage showed people frantically running from the scene after gunshots were heard. Chaos and the fear at the scene are palpable from the video showing beachgoers running away. According to police officials, the shooting was the result of an altercation between two groups. Reports said one person of interest was detained while the search for another continues. Eyewitnesses described the aftermath of the mass shooting. “I saw a young man that was on the ground bleeding and they were applying pressure to prevent the bleeding,” Vance Hendricks, who was visiting from Philadelphia, told CBS News. Police urged people to avoid the area where the shots were fired. “If you are looking to reunite with a family member, we have set up a reunification area at Johnson St and N Ocean bus loop,” said a tweet. Read More At least nine people wounded in Memorial Day mass shooting at Florida beach Police investigating shooting near beach boardwalk in Hollywood, Florida Police: Puerto Rico assailants targeting drug rival killed 2 and injured 13
2023-05-31 01:27
Minnesota becomes 23rd state to legalize recreational marijuana
Minnesota becomes 23rd state to legalize recreational marijuana
Democratic Gov. Tim Walz of Minnesota signed a bill into law on Tuesday legalizing recreational marijuana use in the state.
2023-05-31 01:17
State Farm stops new home insurance sales in California as wildfire risks grow
State Farm stops new home insurance sales in California as wildfire risks grow
By Noor Zainab Hussain State Farm said it would stop selling new insurance policies to homeowners in California,
2023-05-31 00:51
11 Myths About Ticks, Debunked
11 Myths About Ticks, Debunked
Before venturing outdoors, read up on the most common myths about ticks.
2023-05-31 00:50
Purdue Pharma can protect Sackler owners in opioid bankruptcy, court rules
Purdue Pharma can protect Sackler owners in opioid bankruptcy, court rules
By Dietrich Knauth NEW YORK Bankrupt OxyContin maker Purdue Pharma can shield its owners, members of the wealthy
2023-05-31 00:20
US consumer confidence ebbs; monthly house prices rise
US consumer confidence ebbs; monthly house prices rise
By Lucia Mutikani WASHINGTON U.S. consumer confidence slipped in May as Americans' assessment of the labor market softened,
2023-05-31 00:16
Trump attorneys worry some may snitch to feds as documents probe closes in, report claims
Trump attorneys worry some may snitch to feds as documents probe closes in, report claims
As the probe into whether former President Donald Trump or his advisers broke the law in their retention of documents including some potentially classified material from the White House nears its end, Mr Trump’s legal team is said to be fearing disloyalty. The Daily Beast reported on Tuesday that the former president’s attorneys supposedly worry that some among them may decide to start talking to the Department of Justice, becoming witnesses in the case, as the attention of the agency turns to the actions of the legal team themselves. The probe into Mr Trump’s handling of presidential records, including classified documents, exploded into the public eye last year when FBI agents raided Mar-a-Lago, Mr Trump’s home and resort in Florida. Several current attorneys to Mr Trump who serve in varying capacities described a chaotic situation where much of the strategy is managed by Mr Trump’s in-house counsel, Boris Epshteyn, and clashing personalities have led to a toxic environment — all of which is occurring as the Justice Department’s special counsel is said to be closing in on a decision regarding potential criminal charges in the case. More follows... Read More Ivanka and Jared split over attending Trump 2024 launch – follow live Why was Donald Trump impeached twice during his first term? Four big lies Trump told during his 2024 presidential announcement
2023-05-30 23:55
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