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Balwani had the same charges as Holmes. On July 7, 2022, Balwani was found guilty on all counts and also faced up to 20 years in prison and millions of dollars in restitution. [7] [8] [9] On December 7, 2022 he was sentenced to 12 years and 11 months, plus three years of probation, and surrendered on April 20, 2023. [10] [11]
A federal jury convicted Theranos founder Elizabeth Holmes on 3 counts of criminal wire fraud and 1 count of conspiracy to commit wire fraud Monday, unanimously finding the one time Silicon Valley ...
Theranos whistleblower Tyler Shultz has welcomed the guilty verdicts in the trial of Elizabeth Holmes. On Monday, Holmes, the founder and former CEO of Theranos, was found guilty on four fraud ...
Disgraced Theranos founder Elizabeth Holmes has begun her 11-year prison sentence after being found guilty of defrauding investors, including media mogul Rupert Murdoch, over fake claims about the ...
Former Theranos CEO Elizabeth Holmes is set to be sentenced on Friday. She faces up to 20 years in prison. ... On January 3, 2022, she was found guilty of three counts of wire fraud and one count ...
[71] [72] Both pleaded not guilty. The prosecution alleged that Holmes and Balwani had engaged in two criminal schemes: one to defraud investors, and a second to defraud doctors and patients. [71] [73] [74] After the indictment was issued, Holmes resigned as CEO of Theranos but remained chairwoman of its board of directors. [72]
A judge sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison after she was found guilty of wire fraud and conspiring to commit wire fraud in November 18, 2022, and ...
Theranos founder Elizabeth Holmes listens as the court clerk reads before Judge Edward Davila that she was found guilty on four of 11 counts in her fraud trial in San Jose, California, January 3 ...