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New York CNN —Elizabeth Holmes won’t be starting her 11-year prison sentence just yet. Holmes was sentenced last November after she was convicted months earlier on multiple charges of defrauding investors while running the now-defunct blood testing startup. As a result, Holmes can remain free on bail while the latest appeal is considered by the court, as per the court’s rules. It also came to light that Theranos was relying on third-party manufactured devices from traditional blood testing companies rather than its own technology. Like Holmes, Balwani’s legal team delayed the start of his prison sentence by roughly a month with an appeal.

☆ No prison yet for Elizabeth Holmes following last-ditch appeal
▼ + stars: | 2023-04-26 | by ( Scott Cohn | ) www.cnbc.com time to read: +3 min

Late Tuesday, Holmes' attorneys appealed that ruling to the U.S. 9th Circuit Court of Appeals in San Francisco. Under the court's rules, that means Holmes will remain free on bail for now. In their last-minute appeal, Holmes' attorneys said Davila's ruling contained "numerous, inexplicable errors," including referring to "patient fraud counts" when Holmes was acquitted on the charges that she defrauded Theranos patients. This week, the National Association of Criminal Defense Lawyers filed a brief in support of Holmes' appeal. The government has until May 3 to respond to Holmes' appeal of the conviction.

☆ Theranos founder Elizabeth Holmes isn't going to prison Thursday after all
▼ + stars: | 2023-04-26 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Theranos founder Elizabeth Holmes has gotten out of reporting to prison Thursday to begin her 11-year sentence. Elizabeth Holmes has managed to buy herself more time as a free woman before reporting to prison. Two weeks ago, a judge denied Holmes' request to remain out of prison while she appeals her conviction, ordering her to report to prison as scheduled Thursday. Since Holmes was on bail when the motion was filed, her prison reporting date has been automatically stayed. They go on to say the court "used the wrong legal standard to assess whether key issues presented were likely to result in reversal."

☆ Indian court denies Rahul Gandhi's appeal to stay defamation conviction
▼ + stars: | 2023-04-20 | by ( Sumit Khanna | ) www.reuters.com time to read: +2 min

AHMEDABAD, India, April 20 (Reuters) - A court in India's western state of Gujarat on Thursday rejected Congress leader Rahul Gandhi's petition seeking a stay of conviction in a defamation case, fuelling uncertainty over whether he will be able to contest an election due next year. "The Surat district court has not granted a stay on Rahul Gandhi's conviction," Naishadh Desai, a local Congress leader and lawyer, told reporters outside the court room. While Thursday's ruling was a setback for Gandhi, his jail sentence remained suspended until he exhausts all legal challenges. Senior Congress leader and Supreme Court lawyer Jairam Ramesh said the party would use every legal option to overturn Gandhi's conviction. The defamation case against Gandhi was brought by Purnesh Modi, a BJP legislator in the Gujarat state assembly.

New York CNN —Ramesh “Sunny” Balwani, the former chief operating officer of failed startup Theranos and ex-boyfriend of founder Elizabeth Holmes, has reported to prison, according to his attorney. “Mr Balwani turned himself in… smoothly without incident,” Jeffrey Coopersmith, Balwani’s attorney, said in an email to CNN on Thursday. Holmes was also convicted on multiple counts of defrauding investors and has been ordered to turn herself in on April 27. Balwani, nearly 20 years older than Holmes, first met her in 2002 before she dropped out of Stanford. He served as an informal adviser to Holmes in Theranos’ earliest days and the two became romantically involved.

☆ Elizabeth Holmes is asking a judge to reverse her 'unjust' conviction or reduce her 11-year sentence one week before she's set to report to prison
▼ + stars: | 2023-04-18 | by ( Charles R. Davis | Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Theranos founder Elizabeth Holmes is asking a judge to grant her a new trial or reduce her prison sentence. Holmes' attorneys claim she was unfairly barred from citing "compelling evidence" of her innocence. She's currently set to begin serving her 11-year prison sentence next week. Holmes has made several attempts to throw out her conviction, or to delay or reduce her sentence, in the past year. In May, her attorneys asked the judge to overturn her conviction, saying there was "insufficient evidence" for any "rational juror."

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.

☆ Elizabeth Holmes must report to prison this month while waiting out her appeal, judge rules
▼ + stars: | 2023-04-11 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +3 min

CNN —A judge on Monday denied Elizabeth Holmes’ request to remain free while she appeals her conviction, setting the stage for the disgraced Theranos founder to report to prison later this month. Davila previously ordered Holmes to turn herself into custody on April 27, 2023. Balwani’s request to remain out of prison during his appeal was also denied, and he has been ordered by Davila to surrender to prison on April 20. Holmes’ trial was initially delayed multiple times, due to the onset of the coronavirus pandemic and then because of her pregnancy. Following her sentencing in November, Holmes sought to delay the start of her prison term after giving birth to her second child.

☆ Elizabeth Holmes is set to report to prison later this month after a judge denied her request to remain free on bail while she appeals her conviction
▼ + stars: | 2023-04-11 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Theranos founder Elizabeth Holmes is set to report to prison in a matter of weeks. On Monday, a judge denied her request to remain free on bail while she appeals her conviction. Holmes was convicted on 4 counts of fraud and conspiracy and sentenced to more than 11 years in prison. Late Monday, a judge denied the Theranos founder's request to remain free on bail during her appeal. Balwani is set to report to prison on April 20, and Holmes must surrender a week later, on April 27.

☆ Elizabeth Holmes' purchase of a one-way flight to Mexico was a 'bold move,' judge says in ruling that denied her request to remain free on bail
▼ + stars: | 2023-04-11 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Elizabeth Holmes's request to remain free on bail was denied on Monday by a US judge. The judge described Holmes' one-way ticket to Mexico a "bold move" and "ill-advised." Holmes, who was sentenced in November to 11 years and three months in prison, requested in December to remain free during her appeal. In a court ruling filed on Monday, US District Judge Edward Davila said the flight wasn't an attempt to flee, but was "ill-advised" nonetheless. Ramesh "Sunny" Balwani, Theranos' former president and chief operating officer, also had his request to remain free on bail during his appeal denied, according to a court filing in March.

☆ Theranos' Elizabeth Holmes loses bid to stay out of prison
▼ + stars: | 2023-04-11 | by ( ) www.cnbc.com time to read: +4 min

Disgraced Theranos CEO Elizabeth Holmes has been rebuffed in her attempt to stay out of federal prison while she appeals her conviction for the fraud she committed while overseeing a blood-testing scam that exposed Silicon Valley's dark side. The judge's decision means Holmes, 39, will have to surrender to authorities April 27 to start the more than 11-year prison sentence that Davila imposed in November. Holmes could still file another appeal of the ruling Davila's latest ruling, a maneuver that her co-conspirator at Theranos – Ramesh "Sunny" Balwani – successfully used to delay his scheduled March 16 date to begin a nearly 13-year prison sentence. Davila has recommended that Holmes serve her sentence in a Byron, Texas, prison. Although they had separate trials, Holmes and Balwani were accused of essentially the same crimes centered on a ruse touting Theranos' blood-testing system as a breakthrough in health care.

☆ Lawsuit claims Elizabeth Holmes owes more than $25 million to Theranos creditors, report says
▼ + stars: | 2023-03-18 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Elizabeth Holmes owes creditors of her failed startup Theranos more than $25 million, CNBC reported. It emerged as Holmes appeared in court Friday seeking to delay her date to report to prison. According to the report, Holmes made three written promises to repay creditors while she was still CEO. The lawsuit came to light after Holmes was approached in court in San Jose, California on Friday, CNBC reported. Prosecutors are seeking restitution of almost $900 million for investors in Theranos, per The AP.

☆ Adani's fall reignites scrutiny of billionaire's close ties with Modi
▼ + stars: | 2023-02-16 | by ( Sumathi Bala | ) www.cnbc.com time to read: +7 min

Ashok Swain Uppsala UniversityHindenburg's report has further sharpened the focus on the billionaire mogul's close ties with Modi. After Modi became prime minister, Adani continued to benefit from the relationship but on a much larger scale, said Swain. In his address to parliament last week, the prime minister seemed unfazed by the opposition's criticism and made no mention of Adani. "And you can never breach this safety shield with the weapons of abuse and lies," he said, as opposition lawmakers chanted "Adani, Adani." "Prime Minister Modi and I are from the same state.

☆ India's Kalyan Jewellers Q3 profit rises on strong festive demand
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Feb 7 (Reuters) - Kalyan Jewellers India Ltd (KALN.NS)reported a near 11% rise in quarterly profit on improved demand during the festive season and said the ongoing wedding season is pushing sales higher. Demand picked up in the quarter during the festive season when Indians spend heavily on big-ticket items such as cars, electronic appliances, and jewellery. The Indian jeweller's consolidated net profit rose to 1.49 billion rupees ($18.02 million) for the third quarter that ended Dec. 31 from 1.35 billion rupees ($16.33 million) a year earlier. Revenue increased 13% to 38.84 billion rupees, boosted by sales at newly opened showrooms. Kalyan's earnings outshine its Tata Group-owned larger rival Titan Co Ltd (TITN.NS), which last week reported a surprise fall in profit.

☆ Adani crisis: Billionaire scrambles to reassure creditors as market rout enters third week
▼ + stars: | 2023-02-06 | by ( Diksha Madhok | ) edition.cnn.com time to read: +6 min

The loans were backed by shares in Adani Ports, Adani Green Energy and Adani Transmission, which have collapsed in value. While the Adani Group has vehemently denied the allegation made by Hindenburg Resarch as “baseless” and “malicious,” investors remain unconvinced. Adani companies will be reporting quarterly results this week. Moody’s said Friday that the plunge in the shares of Adani companies was likely to reduce the group’s ability to raise capital. Another agency, S&P, cut the outlook for its ratings on two companies, Adani Ports and Adani Electricity, to negative from stable, citing the risk of higher funding costs or reduced access to capital.

☆ 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

☆ Elon Musk is bringing in new faces for Twitter 2.0 — including his cousins and Bari Weiss
▼ + stars: | 2022-12-08 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

The makeup of Elon Musk's Twitter is changing, and not just because the offices are now bedrooms. With the majority of the company's former staff having been laid off — or fired, or resigned — Musk has brought in some of his own picks to work at Twitter 2.0. There's more on the new faces at Musk's social media company below, so let's get to it. Elon Musk is bringing in new faces for Twitter 2.0. And these aren't the only new faces at Twitter — hundreds of people have applied for a chance to work at Musk's new company.

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.

Ramesh "Sunny" Balwani, the former business partner of Theranos founder Elizabeth Holmes, will be sentenced Wednesday for his role in the disgraced blood-test company's years-long fraud. During Balwani's trial, prosecutors called witnesses who said Theranos' inaccurate blood tests caused real-world harm. “I am responsible for everything at Theranos,” Balwani wrote in a 2015 text message to Holmes. “All have been my decisions too.”Balwani's defense team said the former software executive had acted in good faith. As she mounted her defense, Holmes attempted to portray herself as a victim of Balwani's abuse.

☆ 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

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