Elizabeth Holmes could serve less time behind bars
Convicted fraudster and Theranos founder is scheduled to walk free 18 months earlier than her 11-year prison sentence.
Convicted fraudster and Theranos founder is scheduled to walk free 18 months earlier than her 11-year prison sentence.
Theranos founder has "limited financial resources" and can't afford the payments, her lawyers said in a filing.
The women that escaped were serving time for drug charges, according to court documents.
Disgraced Theranos founder Elizabeth Holmes reported to prison Tuesday to begin her 11-year sentence. Holmes will begin serving her sentence for defrauding investors in a Texas federal prison. Janet Shamlian reports.
The disgraced biotech CEO, once compared to Steve Jobs, is now in custody at a Texas prison.
Elizabeth Holmes is set to report to the Bryan prison camp in Texas where she will begin her 11-year sentence. Last year, the former Theranos founder was convicted of defrauding investors out of hundreds of millions of dollars. Janet Shamlian reports.
The Theranos founder is set to report to prison on Tuesday after the Memorial Day weekend. An appeals court said her conviction was unlikely to be overturned.
Fallen Theranos CEO's lawyers say she will stay out of prison until the court formally rules on her bid to be released on appeal.
Disgraced Theranos founder Elizabeth Holmes has been ordered to report to prison on April 27 to begin her 11-year sentence. Holmes had been trying to remain free on bond as she appeals her conviction.
Punishment comes 10 months after jury found her guilty on charges of fraud and conspiracy in blood-testing scam.
Balwani's lawyers appealed a ruling that triggered an automatic delay of his prison reporting date.
Her defense team used Holmes' "two very young children" to argue the disgraced CEO is not a flight risk.
The Theranos founder had a one-way plane ticket to Mexico booked three weeks after being convicted by a jury, according to prosecutors.
Ramesh "Sunny" Balwani could face more than a decade behind bars after being convicted of fraud and conspiracy.
Judge Davila suggested the founder of Theranos, who was convicted of fraud, be sent to a minimum-security facility.
Former Theranos CEO Elizabeth Holmes was sentenced to 11 years and three months in prison for fraud on Friday. She is accused of carrying out a massive scheme to deceive the investors who put up nearly a billion dollars in her bio-tech company. CBS News correspondent Anna Werner reports.
Once seemingly poised to revolutionize blood testing, Holmes was convicted of defrauding investors of hundreds of millions of dollars.
Prosecutors have called for the disgraced executive to serve 15 years, while her lawyers say she doesn't belong behind bars.
The disgraced CEO is trying to recast her image as a loving mother in an effort to avoid a lengthy prison sentence.
Holmes said former lab director Adam Rosendorff told her he has regrets about his testimony in the trial.
A jury convicted Balwani of collaborating with disgraced Theranos CEO Elizabeth Holmes in a massive fraud involving the blood-testing company that once enthralled Silicon Valley.
Prosecutors portrayed Balwani as a ruthless accomplice who helped former CEO Elizabeth Holmes swindle investors.
Ian Gibbons, who was the chief scientist of Theranos, died by suicide in 2013.
Many in Silicon Valley may be feeling like they dodged a bullet after Theranos founder Elizabeth Holmes was convicted of fraud. Anna Werner shares more.
Former Theranos CEO Elizabeth Holmes was convicted Monday of four counts of fraud.
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