March 17, 2023
Ex-Theranos CEO Elizabeth Holmes and prosecutors fought before a California federal judge Friday over prosecutors' $900 million restitution demand and Holmes' request to stay out of prison pending her appeal, during a trial-court hearing that drew onlookers, including one who attempted to disrupt proceedings and others who sought autographs.
March 16, 2023
Former Theranos executive Ramesh "Sunny" Balwani has squeaked out of starting his nearly 13-year prison sentence for defrauding investors and patients with bogus blood-testing technology after his attorneys filed a new appeal with the Ninth Circuit.
March 15, 2023
A California federal judge is expected to reduce an "inherently suspect" $900 million restitution bid against convicted ex-Theranos CEO Elizabeth Holmes at a high-stakes hearing Friday, white collar experts say, but it's unlikely he'll let her stay out of prison pending her appeal, given his recent decision to deny her co-conspirator's similar request.
March 03, 2023
Convicted former Theranos CEO Elizabeth Holmes asked a California federal judge Friday to reject the government's "broad" and "sweeping" demand that she pay investors nearly $900 million in restitution and interest for her fraud, arguing prosecutors haven't provided victim impact statements or proven the investors relied on her fraudulent conduct to invest.
February 24, 2023
Ex-Theranos CEO Elizabeth Holmes has fired back once again against prosecutors' accusation that she is a flight risk and shouldn't be allowed to stay out of prison pending her investor fraud conviction appeal, arguing she's surrendered her passport, and her family — including her toddler and recent newborn — lives in the U.S.
February 17, 2023
Counsel for former Theranos COO Ramesh "Sunny" Balwani argued at a hearing Friday that he should remain free while appealing his 13-year investor fraud prison sentence, and also that he shouldn't pay the $900 million restitution order the government is seeking for investors, saying he's not a flight risk and owes "zero" restitution.
February 13, 2023
Convicted former Theranos executive Ramesh "Sunny" Balwani told a California federal judge that the $900 million restitution order the government is seeking for investors is "beyond anyone's ability to pay" and that the calculation is "plagued" by several errors, including that he was the cause of the investors' losses.
January 30, 2023
Federal prosecutors urged a California federal judge to deny convicted former Theranos COO Ramesh "Sunny" Balwani's request to stay out of prison while he's appealing his nearly 13-year prison sentence for 12 felony fraud-related counts, arguing on Monday that he hasn't shown he isn't a flight risk.
January 23, 2023
Theranos founder Elizabeth Holmes on Monday accused California federal prosecutors of falsely claiming that she tried to flee to Mexico after she was convicted of defrauding investors in her blood-testing startup, despite knowing since last year that Holmes had no plans to cross the border.
January 20, 2023
Federal prosecutors urged a California federal judge to deny convicted former Theranos CEO Elizabeth Holmes' request to stay out of prison while she's appealing her 11-year investor fraud prison sentence, arguing that her incentive to flee the country has "never been higher" and she likely won't win her appeal.