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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.
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 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, 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.
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.
TuSimple was founded in 2015 and went public in April 2021, raising more than $1 billion at an $8.5 billion valuation in the process. Co-founder and former chief executive of TuSimple Holdings Inc. Xiaodi Hou combined forces with another major shareholder to oust the self-driving trucking company’s board of directors, according to a securities filing Thursday. The extraordinary move by Mr. Hou and fellow TuSimple co-founder Mo Chen follows the board’s decision on Oct. 30 to oust Mr. Hou from his roles as CEO and chairman. Board members at the time said they made the move in connection with a continuing investigation they were conducting into TuSimple’s relationship with a Chinese startup called Hydron Inc.
A federal judge denied Elizabeth Holmes ’s bid for a new trial, the latest setback for the Theranos Inc. founder who was convicted of fraud in January. U.S. District Judge Edward Davila , who oversaw Ms. Holmes’s trial which began last year, said in a ruling late Monday that the arguments in her three motions for a new trial didn’t introduce material new evidence or establish government misconduct, adding that a new trial was unlikely to result in an acquittal.
Yields on U.S. Treasury bonds rose after the release of the data, as did bets that the Fed may raise its target policy rate higher than anticipated. DIFFICULT TO PIVOTThe job openings data "will make it very difficult for the Fed to pivot" towards a slower pace of rate hikes, as many have expected, Jefferies economists Aneta Markowska and Thomas Simons wrote. Quits are seen as a sign of labor market strength, evidence that people either have a more attractive option in front of them or are confident of finding one. Balanced against the strength of the labor market is evidence that a slowing of inflation may be in the pipeline. Reuters Graphics Reuters GraphicsThe jump in job openings "is another example of data 'not cooperating' with the Fed's desire to slow the pace of rate hikes," Citi analysts wrote.
Xiaodi Hou, the co-founder and former chief executive of San Diego-based TuSimple. TuSimple Holdings Inc., a self-driving trucking company, said Monday it had fired its chief executive and co-founder, Xiaodi Hou . The San Diego-based company said in a news release and securities filing that its board of directors on Sunday had ousted Mr. Hou, who was also the board chairman and chief technology officer.
Xiaodi Hou was ousted as chief executive of TuSimple, which faces probes of whether it improperly financed and transferred technology to a Chinese startup. TuSimple Holdings Inc., a self-driving trucking company, said Monday it had fired its chief executive and co-founder, Xiaodi Hou . The San Diego-based company said in a news release and securities filing that its board of directors on Sunday had ousted Mr. Hou, who was also the board chairman and chief technology officer.
TuSimple Holdings Inc., a U.S.-based self-driving trucking company, faces federal investigations into whether it improperly financed and transferred technology to a Chinese startup, according to people with knowledge of the matter. The people said the concurrent probes by the Federal Bureau of Investigation, Securities and Exchange Commission and Committee on Foreign Investment in the U.S., known as Cfius, are examining TuSimple’s relationship with Hydron Inc., a startup that says it is developing autonomous hydrogen-powered trucks and is led by one of TuSimple’s co-founders.
Michael Brown was director of a branch of the Pentagon that aims to identify and accelerate the adoption of technologies built in Silicon Valley that would enhance the military’s capabilities. Michael Brown , who led the Silicon Valley outpost of the Pentagon, has left the Defense Department to join early-stage venture firm Shield Capital as it seeks to back new defense technologies amid rising global tensions. Mr. Brown has joined a group of military veterans turned venture capitalists, the San Francisco-based firm said Tuesday, where he will invest in startups building technology for the future of warfare and geopolitical conflict.
Elizabeth Holmes, who is seeking a new opportunity to prove her innocence, arrived at federal court with her parents early last month. Elizabeth Holmes , the convicted founder of Theranos Inc., is scheduled to be in federal court Monday to make a case for a new trial, based on a surprise visit to her home by a former lab director at the blood-testing startup who allegedly expressed regret for his role in her prosecution. Last month Ms. Holmes requested a new chance to prove she is innocent of criminal-fraud charges after Adam Rosendorff, the former Theranos lab director, made an unannounced visit to her home.
SAN JOSE, California—A key witness in the prosecution of Elizabeth Holmes , the convicted founder of Theranos Inc., said in federal court Monday that his testimony against his former boss was truthful and she needs to pay her debt to society. The testimony, from former Theranos lab director Adam Rosendorff , came during a hearing in which Ms. Holmes made a case for a new trial, spurred in part by a surprise visit to her home in August by Dr. Rosendorff. Ms. Holmes alleges that he expressed regret for his role in her prosecution and blamed the government for twisting his testimony.
Self-Driving Truck Firm TuSimple Face Probes Over China TiesU.S. government regulators are investigating whether self-driving trucking company, TuSimple, defrauded investors by sharing its technology with a Chinese startup, according to people familiar with the matter. The company has fired its CEO as part of its own probe. WSJ tech reporter Heather Somerville joins Zoe Thomas to discuss the investigations and what it says about the global race to develop self-driving tech. Photo: TuSimple
Echipa continuă să lucreze pentru dezvoltarea școlii și a elevilor săi – viitorii lideri ai acestei lumi. Arată foarte bine, deoarece cred că am echipa cea mai experimentată în învățarea la distanță, capabilă să facă față crizelor și foarte centrată pe elev! Elevii noștri nu vor trece prin sistemul național de bacalaureat, ei vor susține examenele „A Level” și vor obține calificările Cambridge recunoscute la nivel global. Suntem un centru de dezvoltare profesională Cambridge și pilotăm inițiativele Cambridge. Trăim vremuri schimbătoare, dar și Școala Internațională Heritage se schimbă, odată cu introducerea programului „A Level”, de exemplu.
Persons: Robert Ford, Crăciun, Margaret Thatcher . Ea, coronavirusului, Harris, Maia Sandu Organizations: Internațională Heritage, Heritage, Internaționale Heritage, UNICEF, Cambridge International, Universitatea Oxford, Facebook Locations: Moldova, Cambridge, Honduras, Irlandei, Somerville, Europa, Oxford, străinătate
Arată foarte bine, deoarece cred că am echipa cea mai experimentată în învățarea la distanță, capabilă să facă față crizelor și foarte centrată pe elev! Elevii noștri nu vor trece prin sistemul național de bacalaureat, ei vor susține examenele „A Level” și vor obține calificările Cambridge recunoscute la nivel global. Suntem un centru de dezvoltare profesională Cambridge și pilotăm inițiativele Cambridge. Recent chiar am contribuit cu un articol pentru studiile lor de caz în care am povestit despre strategia de succes a Heritage în pandemie. În calitate de director, sunt foarte implicat în acest proces, datorită experienței mele de a conduce un liceu imens cu 400 de elevi „A Level”.
Persons: Crăciun, Margaret Thatcher . Ea, coronavirusului, Harris, Maia Sandu Organizations: UNICEF, Internațională Heritage, Cambridge International, Universitatea Oxford, Facebook Locations: Moldova, Cambridge, Honduras, Irlandei, Somerville, Europa, Oxford, străinătate
Echipa continuă să lucreze pentru dezvoltarea școlii și a elevilor săi – viitorii lideri ai acestei lumi. Vorbim despre inovațiile și perspectivele pentru 2021 cu Robert Ford, directorul Școlii Internaționale Heritage. — Arată foarte bine, deoarece cred că am echipa cea mai experimentată în învățarea la distanță, capabilă să facă față crizelor și foarte centrată pe elev! Elevii noștri nu vor trece prin sistemul național de bacalaureat, ei vor susține examenele „A Level” și vor obține calificările Cambridge recunoscute la nivel global. Suntem un centru de dezvoltare profesională Cambridge și pilotăm inițiativele Cambridge.
Persons: Robert Ford, Crăciun, Margaret Thatcher . Ea, coronavirusului, Harris, Maia Sandu Organizations: Internațională Heritage, Heritage, Internaționale Heritage, UNICEF, Cambridge International, Universitatea Oxford, Facebook Locations: Moldova, Cambridge, Honduras, Irlandei, Somerville, Europa, Oxford, străinătate
Echipa continuă să lucreze pentru dezvoltarea școlii și a elevilor săi – viitorii lideri ai acestei lumi. Arată foarte bine, deoarece cred că am echipa cea mai experimentată în învățarea la distanță, capabilă să facă față crizelor și foarte centrată pe elev! Elevii noștri nu vor trece prin sistemul național de bacalaureat, ei vor susține examenele „A Level” și vor obține calificările Cambridge recunoscute la nivel global. Suntem un centru de dezvoltare profesională Cambridge și pilotăm inițiativele Cambridge. În calitate de director, sunt foarte implicat în acest proces, datorită experienței mele de a conduce un liceu imens cu 400 de elevi „A Level”.
Persons: Robert Ford, Crăciun, Margaret Thatcher . Ea, coronavirusului, Harris, Maia Sandu Organizations: Internațională Heritage, Heritage, Internaționale Heritage, UNICEF, Cambridge International, Universitatea Oxford, Facebook Locations: Moldova, Cambridge, Honduras, Irlandei, Somerville, Europa, Oxford, străinătate
Opinion Journal: The Trump-Modi Friendship
  + stars: | 2017-11-13 | by ( ) www.wsj.com   time to read: 1 min
Self-Driving Truck Firm TuSimple Face Probes Over China TiesU.S. government regulators are investigating whether self-driving trucking company, TuSimple, defrauded investors by sharing its technology with a Chinese startup, according to people familiar with the matter. The company has fired its CEO as part of its own probe. WSJ tech reporter Heather Somerville joins Zoe Thomas to discuss the investigations and what it says about the global race to develop self-driving tech. Photo: TuSimple
Putinisms: Vladimir Putin’s Top Six One Liners
  + stars: | 2014-03-05 | by ( ) www.wsj.com   time to read: 1 min
Self-Driving Truck Firm TuSimple Face Probes Over China TiesU.S. government regulators are investigating whether self-driving trucking company, TuSimple, defrauded investors by sharing its technology with a Chinese startup, according to people familiar with the matter. The company has fired its CEO as part of its own probe. WSJ tech reporter Heather Somerville joins Zoe Thomas to discuss the investigations and what it says about the global race to develop self-driving tech. Photo: TuSimple
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