* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, September 17, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    PENN Entertainment stock rating reiterated at Market Outperform by JMP – Investing.com

    PENN Entertainment Stock Rated a Market Outperformer by Experts

    Here’s how NJ’s once-vibrant nightclub scene was born and why it died – Bergen Record

    The Rise and Fall of New Jersey’s Once-Vibrant Nightclub Scene: What Happened?

    The Emmys are back: Viewership soars to highest numbers in 4 years – yahoo.com

    The Emmys Return with a Bang: Viewership Hits a 4-Year High

    From Spinal Tap II to Ed Sheeran : your complete entertainment guide to the week ahead – The Guardian

    Fall’s Hottest Ski Films Are Going on Tour—Here’s the List – yahoo.com

    Experience the Thrill: Fall’s Hottest Ski Films Hit the Road-Don’t Miss the Tour!

    Ryan Reynolds reveals he called a journalist who said mean things about John Candy – yahoo.com

    Ryan Reynolds Reveals the Moment He Stood Up to a Journalist Who Insulted John Candy

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    LELO Releases 2025 Futurist Report: Intergenerational Views on Relationships, Sex, and Technology – PR Newswire

    Exploring the Future: How Different Generations View Relationships, Sex, and Technology in 2025

    Will New Big Technology Engagements Reshape Innodata’s Growth Path? – Yahoo Finance

    Could New Major Tech Partnerships Propel Innodata to Unprecedented Growth?

    Unlocking AI Success: How People, Process, and Technology Form the Ultimate Triangle

    Billion-dollar coffins? New technology could make oceans transparent and Aukus submarines vulnerable – The Guardian

    Billion-Dollar Coffins? How New Technology Could Make Oceans Transparent and Expose Submarines

    What if artificial intelligence is just a “normal” technology? – The Economist

    What if artificial intelligence is just a “normal” technology? – The Economist

    Lincoln Trail College Receives $100,000 Grant from Marathon Petroleum Corporation for Technology Center – wwbl.com

    Lincoln Trail College Lands $100,000 Grant from Marathon Petroleum to Elevate Technology Center

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    PENN Entertainment stock rating reiterated at Market Outperform by JMP – Investing.com

    PENN Entertainment Stock Rated a Market Outperformer by Experts

    Here’s how NJ’s once-vibrant nightclub scene was born and why it died – Bergen Record

    The Rise and Fall of New Jersey’s Once-Vibrant Nightclub Scene: What Happened?

    The Emmys are back: Viewership soars to highest numbers in 4 years – yahoo.com

    The Emmys Return with a Bang: Viewership Hits a 4-Year High

    From Spinal Tap II to Ed Sheeran : your complete entertainment guide to the week ahead – The Guardian

    Fall’s Hottest Ski Films Are Going on Tour—Here’s the List – yahoo.com

    Experience the Thrill: Fall’s Hottest Ski Films Hit the Road-Don’t Miss the Tour!

    Ryan Reynolds reveals he called a journalist who said mean things about John Candy – yahoo.com

    Ryan Reynolds Reveals the Moment He Stood Up to a Journalist Who Insulted John Candy

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    LELO Releases 2025 Futurist Report: Intergenerational Views on Relationships, Sex, and Technology – PR Newswire

    Exploring the Future: How Different Generations View Relationships, Sex, and Technology in 2025

    Will New Big Technology Engagements Reshape Innodata’s Growth Path? – Yahoo Finance

    Could New Major Tech Partnerships Propel Innodata to Unprecedented Growth?

    Unlocking AI Success: How People, Process, and Technology Form the Ultimate Triangle

    Billion-dollar coffins? New technology could make oceans transparent and Aukus submarines vulnerable – The Guardian

    Billion-Dollar Coffins? How New Technology Could Make Oceans Transparent and Expose Submarines

    What if artificial intelligence is just a “normal” technology? – The Economist

    What if artificial intelligence is just a “normal” technology? – The Economist

    Lincoln Trail College Receives $100,000 Grant from Marathon Petroleum Corporation for Technology Center – wwbl.com

    Lincoln Trail College Lands $100,000 Grant from Marathon Petroleum to Elevate Technology Center

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Elizabeth Holmes—Theranos Fraudster And Ex-Billionaire

July 12, 2023
in Business
Elizabeth Holmes—Theranos Fraudster And Ex-Billionaire
Share on FacebookShare on Twitter

Topline

Disgraced Theranos founder Elizabeth Holmes appears to have quietly shaved two years off her prison sentence for defrauding investors, prison records show, following a similar sentence reduction for co-conspirator Ramesh “Sunny” Balwani and just weeks after she claimed she cannot afford to make restitution payments for victims of the failed blood-testing startup.

Elizabeth Holmes is in prison for fraud and conspiracy for her role in Theranos.

Getty Images

Key Facts

Bureau of Prisons records lists Holmes’ release date as December 29, 2032.

Holmes was sentenced to 11 years and three months in prison last year after she was found guilty on four counts of fraud and conspiracy charges related to the blood-testing startup.

Holmes reported to a minimum-security women’s prison in Byran, Texas, on May 30, 2023 and the revised release date suggests she will serve roughly nine years and seven months in prison.

It’s not clear why Holmes’ release date has been brought forward to two years earlier than initially expected.

The Bureau of Prisons confirmed the new release date to the Guardian but would not comment further for reasons of inmate “privacy, safety, and security.”

Calculating precise release dates can be tricky and depends on a wide array of issues and the agency said it can be influenced by factors like good behavior, disciplinary concerns, the completion of substance abuse programs and jail-time credit.

Key Background

A jury convicted Holmes of three counts of wire fraud and one count of conspiracy to commit wire fraud by lying to investors to raise money for her blood-testing company, Theranos. Holmes claimed the company had developed technology that could run an array of medical tests from a single drop of blood. The promise to revolutionize medicine attracted a slew of high profile investors and board members—including billionaires Rupert Murdoch and Larry Ellison and former Secretaries of State George Shultz and Henry Kissinger—and vaulted the company’s valuation to $9 billion. It transpired that the company had lied about the kind, number and accuracy of the tests it was capable of doing and was also relying on machines from other companies to run blood tests. The company collapsed and Ramesh “Sunny” Balwani, formerly Theranos’ chief operating officer and Holmes’ ex-boyfriend, was also sentenced to nearly 13 years in prison for fraud and conspiracy. Balwani’s sentence was also recently reduced by two years.

Forbes Valuation

$0. That’s how much Forbes estimates Holmes is worth, according to our real time tracker. Forbes previously named Holmes the world’s youngest self-made woman billionaire in 2014 with a fortune of $4.5 billion at just 30 years old. The estimate was based entirely on Holmes’ 50% stake in Theranos and Forbes revised its estimate down to $0 in 2016 as the company faced a string of federal investigations and new information affecting its valuation came to light.

Further Reading

Elizabeth Holmes Reports To Federal Prison: Here’s How The Former Billionaire Theranos Chief Got There (Forbes)

Sam Bankman-Fried, Elizabeth Holmes And 9 Other Epic Billionaire Blowups (Forbes)

Bad Blood: Secrets and Lies in a Silicon Valley Startup (John Carreyrou)

Follow me on Twitter or LinkedIn. Send me a secure tip. 

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Forbes – https://www.forbes.com/sites/roberthart/2023/07/11/elizabeth-holmes-theranos-fraudster-and-ex-billionaire-quietly-cuts-two-years-off-prison-sentence/

Tags: businessElizabethHolmes—Theranos
Previous Post

Here’s How To Prepare For ‘Diablo 4’ Season 1 Early

Next Post

With 100 Million Users In Five Days, Threads Is The Fastest Growing App In History

Lillie C. Ainscough – altoonamirror.com

September 17, 2025
World Athletics Championships: Faith Kipyegon storms to historic fourth 1500m title in Tokyo – BBC

Faith Kipyegon Makes History with Stunning Fourth 1500m Title at World Athletics Championships in Tokyo

September 17, 2025
What Jamie Dimon and other bank CEOs are saying about the economy – Quartz

What Jamie Dimon and Leading Bank CEOs Are Unveiling About the Future of the Economy

September 17, 2025
PENN Entertainment stock rating reiterated at Market Outperform by JMP – Investing.com

PENN Entertainment Stock Rated a Market Outperformer by Experts

September 16, 2025
While Michigan sees improvements in childhood health, education outcomes raise concerns – Michigan Advance

Michigan Makes Strides in Childhood Health, But Education Outcomes Spark Concern

September 16, 2025
3 takeaways from Kash Patel’s tense oversight hearing – PBS

3 Key Moments from Kash Patel’s Intense Oversight Hearing

September 16, 2025
Evanston Ecology Center presents Harvest Fest on Sept. 27 – Evanston RoundTable

Join the Festivities at Evanston Ecology Center’s Harvest Celebration on September 27!

September 16, 2025
NERSC Study Sees Quantum Computing Nearing Practical Use For U.S. Science Within a Decade – The Quantum Insider

NERSC Study Sees Quantum Computing Nearing Practical Use For U.S. Science Within a Decade – The Quantum Insider

September 16, 2025
Issue Publication Information – ACS Publications

Unlock the Latest Insights: Your Ultimate Guide to Issue Publication Details

September 16, 2025
What Kind Of Tequila Is The Absolute Smoothest? – yahoo.com

Discover the Smoothest Tequila You’ll Ever Taste!

September 16, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (822)
  • Economy (842)
  • Entertainment (21,721)
  • General (17,076)
  • Health (9,887)
  • Lifestyle (856)
  • News (22,149)
  • People (846)
  • Politics (852)
  • Science (16,053)
  • Sports (21,343)
  • Technology (15,824)
  • World (826)

Recent News

Lillie C. Ainscough – altoonamirror.com

September 17, 2025
World Athletics Championships: Faith Kipyegon storms to historic fourth 1500m title in Tokyo – BBC

Faith Kipyegon Makes History with Stunning Fourth 1500m Title at World Athletics Championships in Tokyo

September 17, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version