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☆ Henry Kissinger, the towering American diplomat, dies at age 100
▼ + stars: | 2023-11-29 | by ( Marty Steinberg | ) www.cnbc.com time to read: +25 min

President Gerald Ford (left) and Secretary of State Henry Kissinger talk together in the Oval Office, February 19, 1975. In his 2001 book "The Trial of Henry Kissinger," social critic Christopher Hitchens called him a war criminal. North Vietnam's Le Duc Tho (left) and US National Security Advisor Henry Kissinger at the Paris peace talks, January 1973. Chairman Zedong of the People's Republic of China meets U. S. Secretary of State Henry Kissinger on Nov. 12, 1973. On a helicopter during the period of shuttle diplomacy in the Middle East, Henry Kissinger talks to his wife, Nancy.

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[1/2] Theranos founder Elizabeth Holmes arrives at the federal courthouse accompanied by her partner Billy Evans, to ask a U.S. judge at a hearing to pause her prison sentence of more than 11 years while... Read moreCompanies Theranos Inc FollowMay 17 (Reuters) - Theranos founder Elizabeth Holmes will begin serving her prison sentence on May 30 for defrauding investors in the failed blood-testing startup once valued at $9 billion. U.S. District Judge Edward Davila set the date on Wednesday for Holmes, 39, to begin serving 11 years and three months in prison. Holmes rose to fame after claiming Theranos' small machines could run an array of diagnostic tests with just a few drops of blood. Prosecutors said during the trial that Holmes misrepresented Theranos' technology and finances. Holmes' co-defendant, former Theranos President Ramesh "Sunny" Balwani, was convicted of defrauding Theranos investors and patients at a separate trial and sentenced to 12 years and 11 months in prison.

Companies Theranos Inc FollowMay 16 (Reuters) - Theranos founder Elizabeth Holmes must begin serving her prison sentence while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup, an appeals court in San Francisco ruled on Tuesday. She had asked the 9th U.S. Circuit Court of Appeals to pause her sentence on April 25, two days before she was to report to prison. The court on Tuesday denied her bail application. Reporting by Jody Godoy in California; Additional reporting by Akanksha Khushi; Editing by Richard Chang and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Under the restitution order made by Judge Edward Davila in San Jose, California, who also oversaw Holmes' trial and sentencing, both Holmes and Balwani are equally responsible for the full amount. Davila rejected their argument that intervening events contributed to Theranos investors’ losses. The denial of bail on Tuesday means Davila will now set a new date for her to go to prison. During the trial, Holmes testified in her own defense, saying she believed her statements were accurate at the time. Theranos, once valued at $9 billion, collapsed after a series of Wall Street Journal articles in 2015 questioned its technology.

U.S. District Judge Edward Davila sentenced Holmes to 11 years and three months in prison in November. "Contrary to her suggestion that accuracy and reliability were central issues to her convictions, Ms. Holmes’s misrepresentations to Theranos investors involved more than just whether Theranos technology worked as promised," he said. In denying the release appeal, Davila noted that Holmes was unlikely to flee or endanger the community. Prosecutors said during the trial that Holmes misrepresented Theranos' technology and finances. On appeal, Holmes plans to challenge several of the judge's rulings, including his allowance of evidence about Theranos' test accuracy that postdated her statements to investors.

☆ Theranos Founder Elizabeth Holmes’s Bid to Stay Out of Prison Is Denied
▼ + stars: | 2023-04-11 | by ( Meghan Bobrowsky | ) www.wsj.com time to read: +1 min

The federal judge who oversaw the criminal-fraud trial of Theranos Inc. founder Elizabeth Holmes denied her request to stay out of prison while she appeals her guilty verdict. Ms. Holmes was found guilty on three counts of fraud and one count of conspiracy to commit fraud against Theranos investors in January 2022. Judge Davila sentenced her in November to more than 11 years in prison and ordered her to surrender to prison April 27. She now could take her request directly to the Ninth U.S. Circuit Court of Appeals, which has already denied Ramesh “ Sunny” Balwani ’s request to stay out of prison while he appeals his conviction for defrauding Theranos investors and patients.

☆ Watch: Brittney Griner Arrives in the U.S. After Prisoner Swap
▼ + stars: | 2022-12-09 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Theranos Ex-President Sunny Balwani Sentenced to Almost 13 Years Theranos Inc.’s former No. 2 executive, Ramesh ‘Sunny’ Balwani, was sentenced Wednesday to just under 13 years in prison for his involvement in a fraud scheme at the blood-testing company. WSJ’s Heather Somerville breaks down the judge’s decision. Photo: Jason Henry for The Wall Street Journal

☆ Brittney Griner Returns Home: A Timeline of Her Detainment and Release
▼ + stars: | 2022-12-09 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

☆ Watch: Brittney Griner Flies Home After Prisoner Swap
▼ + stars: | 2022-12-09 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

☆ Brittney Griner Released From Russian Custody, Biden Says
▼ + stars: | 2022-12-08 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

U.S. District Judge Edward Davila in San Jose, California, imposed the sentence on Balwani, who was convicted by a jury on two counts of conspiracy and 10 counts of fraud in July. Meanwhile, the company secretly relied on traditional methods to run tests and provided patients with inaccurate results, prosecutors said. Holmes, who started the company as a college student and became its public face, was indicted alongside Balwani, her former romantic partner, in 2018. Holmes was convicted in January on four counts of fraud and conspiracy but acquitted of defrauding patients. The case is U.S. v. Balwani, U.S. District Court, Northern District of California, No.

☆ Theranos Founder’s Former Deputy and Boyfriend to Be Sentenced
▼ + stars: | 2022-12-07 | by ( Heather Somerville | Christopher Weaver | ) www.wsj.com time to read: 1 min

When Theranos Inc.’s former No. 2 executive is sentenced on Wednesday, he may get a longer prison term than his boss, who was at the center of the fraud at the company she founded. Ramesh “Sunny” Balwani will be sentenced in federal court in San Jose, Calif., starting at 1 p.m. ET, after being convicted of 12 counts of wire fraud and conspiracy. Mr. Balwani’s former business partner and ex-girlfriend, Theranos founder Elizabeth Holmes , was sentenced last month to 11¼ years for four counts of criminal fraud tied to her now defunct blood-testing startup.

☆ Theranos Ex-President Sunny Balwani to Be Sentenced Today
▼ + stars: | 2022-12-07 | by ( Heather Somerville | Christopher Weaver | ) www.wsj.com time to read: 1 min

☆ Theranos Ex-Operating Chief Sunny Balwani Sentenced to Nearly 13 Years in Prison
▼ + stars: | 2022-12-07 | by ( Heather Somerville | Christopher Weaver | ) www.wsj.com time to read: 1 min

SAN JOSE, Calif.—Theranos Inc.’s former No. 2 executive, Ramesh “Sunny” Balwani, was sentenced to nearly 13 years in prison for his involvement in an elaborate fraud scheme at the blood-testing company, marking the capstone of a yearslong saga that is a blemish in Silicon Valley history. Mr. Balwani’s sentencing comes more than four years after the collapse of Theranos, which promised to revolutionize healthcare but peddled faulty technology to patients and investors, along the way delivering inaccurate health results and squandering hundreds of millions of dollars. Mr. Balwani helped lead the deception as Theranos’s former president and chief operating officer, and along with his longtime romantic partner, he became the focus of one of the highest-profile white-collar cases in recent years.

☆ Former Theranos COO Sunny Balwani sentenced to nearly 13 years in prison
▼ + stars: | 2022-12-07 | by ( Rohan Goswami | ) www.cnbc.com time to read: +3 min

Former Theranos chief operating officer and president Ramesh "Sunny" Balwani was sentenced to nearly 13 years in prison Wednesday for fraud, after the unraveling of the blood-testing juggernaut prompted criminal charges in California federal court against both Balwani and Theranos founder Elizabeth Holmes, who on Nov. 18 was sentenced to more than 11 years in prison . Sunny Balwani, former president of Theranos Inc., arrives at federal court in San Jose, California, on Wednesday, Dec. 7, 2022. "I am responsible for everything at Theranos," Balwani said in a message to Holmes. Balwani's sentencing in federal court marks the end of the Theranos saga, which enthralled the public and prompted documentary films and novel treatments. "Kill the old Elizabeth," Balwani purportedly told her.

☆ Theranos Ex-President Sunny Balwani to Be Sentenced Wednesday
▼ + stars: | 2022-12-06 | by ( Heather Somerville | Christopher Weaver | ) www.wsj.com time to read: 1 min

Theranos Inc.’s former No. 2 executive could face an unusual white-collar criminal punishment: the possibility of being sentenced to a longer prison term than his boss, who was at the center of the fraud at her company, some criminal defense attorneys said. Ramesh “Sunny” Balwani faces sentencing in federal court Wednesday after being convicted of 12 counts of wire fraud and conspiracy. He denied all the charges, and his lawyers are asking for probation.

☆ Ramesh ‘Sunny’ Balwani: Who Is the Former Theranos President and What Was He Convicted Of?
▼ + stars: | 2022-12-06 | by ( Heather Somerville | ) www.wsj.com time to read: 1 min

Ramesh ‘Sunny’ Balwani, who was convicted on 12 charges, will be sentenced Wednesday. Prosecutors have asked for a 15-year sentence. Ramesh “ Sunny” Balwani , the former top lieutenant to Theranos Inc. founder Elizabeth Holmes , faces sentencing Wednesday in federal court after being convicted in July on all 12 charges that he helped perpetuate a yearslong fraud scheme at the defunct blood-testing startup. The government has requested a 15-year imprisonment for Mr. Balwani. His attorneys have asked for probation.

☆ Judge in Elizabeth Holmes Case Proposes Texas Prison Camp for Theranos Founder
▼ + stars: | 2022-11-23 | by ( Sarah E. Needleman | ) www.wsj.com time to read: 1 min

A federal judge recommended that Theranos Inc. founder Elizabeth Holmes serve her more than 11-year sentence in a minimum-security prison camp in Texas, new court filings show. U.S. District Judge Edward Davila , who oversaw the trial and sentenced her on Friday, ordered Ms. Holmes to surrender to the facility in April. He also recommended that she be allowed family visitation, saying that it enhanced the possibility for rehabilitation. Upon release, Ms. Holmes would serve three years under court supervision, the judge said.

SAN JOSE, Calif., Nov 18 (Reuters) - A federal judge on Friday sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison for defrauding investors in her now-defunct blood-testing startup that was once valued at $9 billion. In San Jose, California, U.S. District Judge Edward Davila sentenced Holmes, 38, on three counts of investor fraud and one count of conspiracy after a jury convicted her last January following a trial spanning three months. The prosecution had recommended a sentence of 15 years in prison, while the defense had urged the judge to impose no prison time. The federal probation office had recommended a 9-year prison sentence, according to court papers. Before sentencing Holmes, Davila asked if any of her victims were in the courtroom.

☆ Elizabeth Holmes Is Sentenced to More Than 11 Years in Prison for Defrauding Theranos Investors
▼ + stars: | 2022-11-18 | by ( Heather Somerville | Christopher Weaver | ) www.wsj.com time to read: 1 min

Elizabeth Holmes, the founder of Theranos Inc. who was convicted of defrauding investors, was sentenced to more than 11 years in prison, capping the extraordinary downfall of a onetime Silicon Valley wunderkind who promised to revolutionize blood testing. U.S. District Judge Edward Davila, who oversaw the trial in which Ms. Holmes was found guilty of running a yearslong fraud scheme at her blood-testing company, delivered the sentence Friday in federal court. A jury convicted Ms. Holmes in January on four charges that she misrepresented the startup’s technology, finances and business prospects to investors.

☆ Theranos Founder Elizabeth Holmes to Be Sentenced Friday in Fraud Trial
▼ + stars: | 2022-11-18 | by ( Heather Somerville | Sara Ashley O Brien | ) www.wsj.com time to read: 1 min

Elizabeth Holmes , the founder of disgraced blood-testing company Theranos Inc., has asked a federal judge for leniency for her fraud crimes, positioning herself as a loving mother and selfless community servant. Ms. Holmes, who has asked for a sentence of home confinement and community service, and no more than 18 months in prison, faces an uphill battle when she appears for sentencing in a San Jose, Calif., federal court Friday, according to defense attorneys who have followed her case. The hearing is slated to begin at 1 p.m.

☆ Ramesh ‘Sunny’ Balwani: Who Is the Former Theranos President and What Was He Convicted of in His Trial?
▼ + stars: | 2022-11-18 | by ( Heather Somerville | ) www.wsj.com time to read: 1 min

Ramesh ‘Sunny’ Balwani leaving federal court after the verdict was read in San Jose, Calif., on Thursday. A federal jury convicted Ramesh “ Sunny” Balwani , the former top lieutenant to Theranos Inc. founder Elizabeth Holmes , on all 12 charges that he helped perpetuate a yearslong fraud scheme at defunct blood-testing startup Theranos Inc.Mr. Balwani was on trial for more than three months in federal court in San Jose, Calif. Prosecutors argued that he defrauded Theranos investors and patients by lying about the capabilities of Theranos’s finger-prick blood-testing technology.

☆ Elizabeth Holmes Is Sentenced to 11.25 Years in Prison for Defrauding Theranos Investors
▼ + stars: | 2022-11-18 | by ( Heather Somerville | ) www.wsj.com time to read: 1 min

Elizabeth Holmes, the founder of Theranos Inc. who was convicted of defrauding investors, was sentenced to more than 11 years in prison, capping the extraordinary downfall of a onetime Silicon Valley wunderkind who promised to revolutionize blood testing. U.S. District Judge Edward Davila, who oversaw the trial in which Ms. Holmes was convicted of running a yearslong fraud scheme at her blood-testing company, delivered the sentence Friday in federal court. A jury convicted Ms. Holmes in January on four charges that she misrepresented the startup’s technology, finances and business prospects to investors.

A jury in San Jose convicted Holmes, 38, on three counts of investor fraud and one count of conspiracy in January. Prosecutors, who are seeking a 15-year prison sentence, called Holmes' fraud "among the most substantial white collar offenses Silicon Valley or any other district has seen." At trial, prosecutors said Holmes engaged in fraud by lying to investors about Theranos' technology and finances rather than allowing the company to fail. Though she was convicted on three counts, Holmes was acquitted on four other counts alleging she defrauded patients who paid for Theranos tests. Reporting by Jody Godoy in New York and Dan Levine in San Jose; Editing by Noeleen Walder and Diane CraftOur Standards: The Thomson Reuters Trust Principles.

☆ Elizabeth Holmes’s Sentencing: How Other White-Collar Criminals Fared
▼ + stars: | 2022-11-17 | by ( George Stahl | ) www.wsj.com time to read: 1 min

Elizabeth Holmes is scheduled to be sentenced on Friday, and the Theranos Inc. founder could be joining a list of notable white-collar criminals to serve time in prison. Ms. Holmes was convicted in January on four counts of criminal fraud for deceiving investors while running a yearslong scheme at Theranos, the blood-testing startup where she was chief executive.

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