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Disgraced Theranos CEO Elizabeth Holmes’s prison sentence has been slashed by two years, according to updated Bureau of Prisons records According to Holmes’ inmate information on the Bureau of Prisons’ website, the 39-year-old mother of two will be released on Dec. 29, 2032 — nine years, six months and 29 days after she checked into Federal Prison Camp Bryan on May 30. Holmes, now known as federal inmate 24965-111, was initially sentenced to 11 years and three months in the minimum-security, women-only Texas prison. A Bureau of Prison spokesperson would not comment on the specifics of Holmes’ earlier-than-expected release.

What does an average day look like? Wake-up is at 6 a.m. every day, according to FPC Bryan’s “Inmate Admission & Orientation Handbook,” and all inmates must be counted at least five times daily in official roll calls. Inmates must make their beds and clean up their cells; the unit with the best weekly “sanitation rating” gets called first for meals, while the unit with the worst hygiene comes in last. All inmates who are able must have a “regular job assignment.” The prison offers business classes and even forklift training for women who would like to be certified. Although...

Take what happened in the past two weeks: Charlie Javice, the founder of the financial aid startup Frank, was arrested, accused of falsifying customer data. A jury found Rishi Shah, a co-founder of the advertising software startup Outcome Health, guilty of defrauding customers and investors. And a judge ordered Elizabeth Holmes, the founder who defrauded investors at her blood testing startup Theranos, to begin an 11-year prison sentence April 27. *SNIP* When Javice was trying to sell her college financial planning startup, Frank, to JPMorgan Chase, she told an employee not to share exactly how many people used Frank’s service,...

Disgraced Theranos CEO Elizabeth Holmes is citing her recently born child as another reason she should be allowed to delay the start of a more than 11-year prison sentence while her lawyers appeal her conviction for duping investors about the capabilities of her failed company's blood-testing technology. The birth of Holmes' second child was confirmed in court documents filed last week in advance of a March 17 hearing about her bid to remain free during an appeals process that could take years to complete. The filing didn't disclose the date of the birth or the child's gender, but the news...

Caroline Ellison hired Stephanie Avakian and law firm WilmerHale to represent her in the FTX investigation, per Bloomberg. Avakian was a top regulator at the SEC, where she increased oversight of cryptocurrency. She also led major cases against companies including Tesla, Theranos, Facebook, and Wells Fargo, among others.

Researchers at Palo Alto, Calif.-based Stanford Medicine have developed a Theranos-like test that screens for health measures using a single drop of blood. The approach, relayed in a Jan. 19 study in Nature Biomedical Engineering, combines a finger-prick device with multiomics technologies that assess a variety of proteins, fats, metabolism byproducts, and inflammatory markers. "Even more importantly, we've shown you can collect the blood drop at home and mail it into the lab," said Michael Snyder, PhD, director of the Stanford Center for Genomics and Personalized Medicine and senior author of the study, in a Jan. 19 university news release....

Elizabeth Holmes just got sentenced to 135 months in prison (11.25 years)

Booker argued to U.S. District Judge Edward Davila that Holmes was a "thoughtful" and philanthropic individual who wants to "make a difference in the world" and asked for a "fair and just sentence." Holmes faces up to 20 years in prison at her sentencing Friday after being convicted on three felony counts of wire fraud and one felony count of conspiracy to commit fraud. She was found to have misled investors and inspectors for years about the capabilities of her company Theranos' blood-testing technologies, en route to a $9-billion valuation of her company and a host of flattering media profiles...

The Department of Justice wants Theranos founder Elizabeth Holmes, 38, who made billions of dollars before she was ultimately convicted of wire fraud and conspiracy, to spend 15 years in prison rather than walk free. Additionally, the DOJ wants Holmes to pay $800 million in restitution to investors who were defrauded. “Considering the extensiveness of Holmes’ fraud… the sentencing of 180 months’ imprisonment would reflect the seriousness of the offenses, provide for just punishment for the offenses, and deter Holmes and others,” federal prosecutors stated. Theranos Inc. claimed initially that it could use a few drops of blood to obtain...

How the Pentagon’s top-brass generals burned the careers of subordinates but then pivoted to lucrative careers all while losing the wars they were supposed to be winning. My new book, A Few Bad Men, details the mendacity and mad dishonesty of retired Marine General James “Mad Dog” Mattis. The fact that it was written by a Marine once under his command, whom he betrayed for the sake of politics and getting to slap on another star, says volumes about this once-lionized figure. It all goes back to an incident in Afghanistan in 2007, and the Court of Inquiry trial of...

Ramesh "Sunny" Balwani, a former high-ranking executive at Theranos, was convicted of fraud Thursday for misleading investors about the financial health of the now-defunct health care startup. Balwani, who was convicted on all 12 counts of wire fraud and conspiracy to commit wire fraud, was president and chief operating officer of Theranos, a blood-testing company that claimed its technology could detect a multitude of diseases with just a few drops of a patient's blood. Balwani and the company was accused of defrauding investors and patients, in part by misrepresenting the efficacy of Theranos' product and lying about the company's finances....

Alongside all the hype and chatter about the January 6 anniversary, there was another worthy news story the first week of 2022. On Monday, January 3, a federal jury in California convicted Theranos founder Elizabeth Holmes on three counts of wire fraud and one of conspiracy to defraud investors. Holmes, six years removed from being the richest self-made woman in the world, now faces as many as twenty years in prison, though she will likely receive less. While it’s always good to see criminals receive their just desserts, there is another upbeat aspect to the Holmes saga. The conviction of...

Theranos founder Elizabeth Holmes has been found guilty on 4 counts of wire fraud and conspiracy to commit wire fraud after 7 days of jury deliberation. Jurors found her not guilty on four other counts and failed to reach a verdict on three others. Her trial spanned more than four months and featured bombshell testimony from investors, ex-employees, and Holmes herself.

Theranos founder Elizabeth Holmes sobbed as she accused her ex Sunny Balwani of abusing her and forcing her into sex during her fraud trial. On Monday, in her fourth day testifying in her fraud trial, Holmes, 37, accused Balwani, 59, of being abusive and controlling, and forcing her to have sex against her will during their 12 year relationship, which ended in 2016. 'He would force me to have sex with him when I didn't want to because he would say that he wanted me to know he still loved me,' said Holmes, in tears.

A second juror on Wednesday was excused from the Theranos trial after the woman expressed religious concerns about Elizabeth Holmes being punished if she's found guilty. Juror No. 4 told U.S. District Court Judge Edward Davila that she wanted to speak to him about concerns with her service. She said she was concerned she couldn't continue serving on the case because she's a Buddhist. "If she is found guilty and gets punishment from the government for that I feel guilty for that every day in my life," she told the judge.

Secretary of Defense James Mattis is implicated in one of the largest business scandals of the past decades, described by the Securities and Exchange Commission as an “elaborate, years-long fraud” through which Theranos, led by CEO Elizabeth Holmes and president Ramesh “Sunny” Balwani, “exaggerated or made false statements about the company’s technology, business, and financial performance.” Basically, their biotech startup was founded on the promise of faster, cheaper, painless blood tests. But their technology was fake. Mattis not only served on Theranos’s board during some of the years it was perpetrating the fraud after he retired from US military service,...

Donald J. Trump @realDonaldTrump I thought this letter from respected retired Marine and Super Star lawyer, John Dowd, would be of interest to the American People. Read it!

And 3D-printed valve for breathing machine sparks legal threatRemember Theranos? The blood-testing company worth billions whose CEO Elizabeth Holmes became a celebrity right up until the point when it became clear its revolutionary testing machines didn’t actually work as described? Well, Theranos is dead, and Holmes is still dealing with the legal repercussions, but her vampire company has come alive again – and in the very worst way: its reincarnation is suing another medical testing company for patent infringement. It gets worse. While Theranos’ patents, obtained by an outfit called Fortress Investment Group in 2018, do not relate to a...

Elizabeth Holmes, founder of the bogus blood-testing startup Theranos, has reportedly got married in secret. The 35-year-old alleged scammer got hitched to her hotel heir fiancé William 'Billy' Evans, 27, according to a friend of his. The woman, who claimed she is Evans' pal, shared the news at a recording of the 'Bitch Sesh' podcast in San Francisco on Saturday night, according to Page Six.

The saga of Elizabeth Holmes and Theranos.