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By Associated Press
Balwani was convicted in July of fraud and conspiracy connected to the company's bogus medical technology that duped investors and endangered patients.
By Michael Liedtke, Associated Press
The sentencing for Ramesh “Sunny” Balwani, who was convicted in July of fraud and conspiracy, comes less than three weeks after Elizabeth Holmes, the company's founder and CEO, received more than 11 years in prison for her role in the…
The sentence imposed by U.S. District Judge Edward Davila was shorter than the 15-year penalty requested by federal prosecutors but far tougher than the leniency her legal team sought for the mother of a year-old son with another child on…
A federal judge on Friday will decide whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology.
Federal prosecutors have asked a judge to sentence disgraced Theranos CEO Elizabeth Holmes to 15 years in prison, arguing she deserves a lengthy prison term because her massive scheme duped investors out of hundreds of millions of dollars by falsely convincing…
Prosecution witness and former Theranos lab director Adam Rosendorff stood by his earlier testimony during a court appearance in Elizabeth Holmes' fraud trial on Monday.
By Stephanie Sy, Ryan Connelly Holmes
Elizabeth Holmes, founder of the blood testing company Theranos and a one-time darling of Silicon Valley, has been convicted of fraud. The verdict came down Monday night in the closely watched case and trial that rippled beyond the tech world.
Former Theranos CEO Elizabeth Holmes was convicted on four counts of fraud and conspiracy Monday, ending a lengthy trial that has captivated Silicon Valley.
The jurors spent much of their holiday season behind closed doors in a San Jose, California, courthouse weighing reams of evidence presented during a three-and-a-half-month trial.
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