Tag Archives: #Theranos

Elizabeth Holmes, once worth $4.5 billion, says she can’t afford to pay victims $250 a month

by Irinia Ivanova Lawyers for Elizabeth Holmes are resisting the government’s bid to force the imprisoned Theranos founder to repay victims of her fraud, claiming she won’t be able to afford the payments. Holmes was convicted of defrauding investors in Theranos and ordered to repay $452 million to victims, who include backers such as News Corp. Chairman Rupert Murdoch and OracleContinue reading “Elizabeth Holmes, once worth $4.5 billion, says she can’t afford to pay victims $250 a month”

Theranos founder Elizabeth Holmes sentenced to more than 11 years for defrauding investors

By California, Kari Paul in San Jose with the Guardian A federal judge has sentenced Theranos founder Elizabeth Holmes to more than 11 years in prison over her role in the blood testing firm that collapsed after its technology was revealed to be largely fraudulent. Holmes was convicted in January on four counts of defrauding investors.Continue reading “Theranos founder Elizabeth Holmes sentenced to more than 11 years for defrauding investors”