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☆ Elizabeth Holmes scores a victory as a judge orders a hearing over the star witness who recently showed up at her house
▼ + stars: | 2022-10-04 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Elizabeth Holmes' sentencing has been pushed back again and could happen as late as next year. On Monday, a judge ordered a hearing into whether prosecutors engaged in misconduct surrounding a star witness who visited Holmes' house last month and expressed regret over his testimony. That hearing, a victory for Holmes in her quest for a new trial, will now take place on October 17. He set aside October 17, the date previously reserved for Holmes' sentencing, for the hearing but said he doesn't expect it to take a full day. In Holmes' trial, Rosendorff testified he'd tried to postpone the launch of Theranos' machines for patient use because they gave inaccurate results, but Holmes went ahead with it anyway.

☆ India's Mahindra's lending arm sees vehicle recovery sliding 75% on RBI order
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

People walk past a screen displaying Mahindra and Mahindra logo before the start of a news conference in Mumbai, India May 30, 2016. REUTERS/Danish SiddiquiBENGALURU, Sept 23 (Reuters) - India's Mahindra and Mahindra Financial Services (MMFSL) (MMFS.NS) said on Friday its monthly vehicle recovery would temporarily fall by about 75%, a day after the country's central bank directed the company to stop using third-party services for repossessions. The company's shares tumbled as much as 10% to 201.35 rupees as of 0414 GMT, their biggest intra-day percentage slide in 17 months. The Reserve Bank of India late on Thursday directed the company to stop using third-party services for recoveries until further orders, citing "material supervisory concerns." The halt on vehicle recovery by the third-party agencies is not expected to have any material impact on its financials, the company said.

☆ Energy crisis: Europe will face more trouble in the winters to come, says research firm
▼ + stars: | 2022-09-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy crisis: Europe will face more trouble in the winters to come, says research firmKaushal Ramesh of Rystad Energy says he's not expecting a "material increase in LNG supplies all the way until perhaps late 2024 or early 2025."

☆ Elizabeth Holmes has filed 3 requests for a new trial in 2 days as she awaits sentencing. Legal experts say it's unlikely she'll get a do-over.
▼ + stars: | 2022-09-17 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +6 min

Theranos founder Elizabeth Holmes has filed three requests for a new trial in the span of two days. For all her efforts, Holmes' odds of getting a new trial don't look good, two legal experts told Insider. David Odisho/Getty ImagesThe new requestsA day after filing that motion, Holmes made two more requests for a new trial. But in Holmes' trial — where the defense says highlighting these differences might have led to Holmes being acquitted on more charges — the government played their cards very differently, according to Holmes' attorneys. The government produced these documents for Balwani's trial though, Holmes pointed out.

☆ The rise and fall of Elizabeth Holmes, the former Theranos CEO found guilty of wire fraud and conspiracy, whose sentencing has now been delayed
▼ + stars: | 2022-09-14 | by ( Avery Hartmans | Sarah Jackson | Áine Cain | ) www.businessinsider.com time to read: +3 min

Later, technology flaws were exposed, resulting in a months-long trial where Holmes was found guilty on three counts of wire fraud and one count of conspiracy. As she awaited trial, Holmes reportedly found the time to get engaged — and married — to a hotel heir named Billy Evans. In January, jurors found Holmes guilty on three counts of wire fraud and one count of conspiracy to commit wire fraud. Since her conviction, Holmes has become the subject of a Hulu limited series, "The Dropout," based on the ABC News podcast of the same name. The show stars Amanda Seyfried as Holmes as it chronicles the meteoric rise and fall of Theranos and Holmes herself.

☆ Meet Sunny Balwani: Theranos No. 2 and ex-lover to Elizabeth Holmes was just sentenced to nearly 13 years
▼ + stars: | 2022-07-07 | by ( Sarah Jackson | Áine Cain | ) www.businessinsider.com time to read: +2 min

Ramesh "Sunny" Balwani, Elizabeth Holmes' ex-boyfriend and former right-hand man at Theranos, was just sentenced to almost 13 years in prison. He was convicted in July on all 12 counts brought against him related to his time as Theranos' president and COO. Late last month, she was sentenced to more than 11 years in prison, with three years of supervised release. Meanwhile, Ramesh "Sunny" Balwani, who is Holmes' ex-boyfriend and Theranos' former president and COO, has also been convicted of fraud and handed a prison sentence. While Holmes was once lauded as the next Steve Jobs and deemed the world's youngest self-made female billionaire, Balwani has largely remained an enigma.

Of the 11 charges, Holmes was acquitted on all that related to defrauding patients and one count of conspiracy. In total, Holmes was found guilty of defrauding investors of nearly $145 million. Federal prosecutors have said Holmes duped investors into supporting a product she knew was faulty, particularly as Theranos began to teeter on bankruptcy. Balwani, who faces his own charges and a separate trial, did not speak at Holmes' trial. Defense attorney Kevin Downey asked Holmes to recount the early days of Theranos, as she sought advisers through the Stanford community, developed a business plan, attracted investment and — she thought — “nailed” expectations.

☆ The Epic Rise and Fall of Elizabeth Holmes
▼ + stars: | 2022-01-03 | by ( David Streitfeld | ) www.nytimes.com time to read: +2 min

“I’m 21,” Ms. Holmes said. “I’m gonna go tell my two children, they better get off their duffs,” Ms. Gunn exclaimed. Ms. Holmes was asked about her future, and gave the stock Silicon Valley response: You ain’t seen nothing yet. Not, in other words, a fool with regard to Silicon Valley. Yet he told The New Yorker in 2014 that Ms. Holmes “has sometimes been called another Steve Jobs, but I think that’s an inadequate comparison.

Persons: Moira Gunn, Elizabeth, ”, “, ” Ms, Holmes, I’m, Ms, Gunn, Theranos, Ramesh Balwani, William Perry, Bill Clinton, Holmes “, Steve Jobs, Steve Organizations: Tech, Stanford, New Yorker Locations: Silicon

☆ Sri Lanka şi-a întâlnit la aeroport primii săi turişti, după nouă luni
▼ + stars: | 2020-12-28 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Sri Lanka şi-a întâmpinat luni primii săi turişti străini după nouă luni de zile, în pofida faptului că, potrivit autorităţilor, ţara este afectată de noua tulpină a coronavirusului, mai virulentă, informează AFP. Un zbor charter sosit din Ucraina cu 185 de pasageri la bord a aterizat pe aeroportul internaţional Rajapaksa, în sudul capitalei. Frontierele internaţionale ale Sri Lanka rămân închise, excepţie făcând zborurile de repatriere şi ale curselor charter aprobate de autorităţile srilankeze în domeniul sănătăţii. O nouă tulpină a virusului, mai virulentă, a apărut pe insulă din octombrie, au anunţat la sfârşitul lui noiembrie autorităţile din Sri Lanka. Sri Lanka urmează de asemenea să primească în ianuarie echipa naţională de cricket a Angliei pentru o serie de meciuri-test.

Organizations: cricket Locations: Sri Lanka, Ucraina, Rajapaksa, Angliei

Un zbor charter sosit din Ucraina cu 185 de pasageri la bord a aterizat pe aeroportul internaţional Rajapaksa, în sudul capitalei. Frontierele internaţionale ale Sri Lanka rămân închise, excepţie făcând zborurile de repatriere şi ale curselor charter aprobate de autorităţile srilankeze în domeniul sănătăţii. O nouă tulpină a virusului, mai virulentă, a apărut pe insulă din octombrie, au anunţat la sfârşitul lui noiembrie autorităţile din Sri Lanka. Potrivit cifrelor oficiale, în mai puţin de trei luni numărul de decese cauzate de Covid-19 a urcat de la 13 la 191, iar cel al contaminărilor a urcat de la 3.300 la peste 41.000, în această ţară cu circa 21 de milioane de locuitori. Sri Lanka urmează de asemenea să primească în ianuarie echipa naţională de cricket a Angliei pentru o serie de meciuri-test.

Organizations: cricket Locations: Ucraina, Rajapaksa, Sri Lanka, Angliei

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