The incarcerated former Silicon Valley star is advising her partner on a new health tech startup. Holmes was convicted of defrauding investors in her blood-testing company Theranos.
In another ruling issued late Tuesday, U.S. District Judge Edward Davila ordered Elizabeth Holmes to pay $452 million in restitution to the victims of her crimes.
Holmes was sentenced to 11 years in prison for defrauding investors out of more than $100 million. Now, she has asked a judge to remain free on bail until her appeal is heard.
A jury found Elizabeth Holmes' former business and romantic partner guilty in July on all 12 felony counts of defrauding Theranos investors and the patients that used the company's faulty blood tests.
Raising hundreds of millions dollars sends a startup's valuation soaring. It can also make serious prison time all but inevitable for those in Holmes' situation.
Holmes was convicted on charges related to defrauding investors who poured hundreds of millions of dollars into her blood-testing company, believing it would revolutionize health care.
The fallen Silicon Valley star faces up to 15 years in prison for defrauding investors in her blood-testing company. A U.S. senator is among those who have written letters asking for mercy.
There's a lot that unites these projects: high-profile stars playing people who fell from grace. Specifically, people who shared the trait of having been being ambitious when it came to money.
Theranos whistleblower Tyler Shultz reflects on Elizabeth Holmes' jury verdict. Now running his own biotech firm, he says he see how the pressure to exaggerate "could create an Elizabeth Holmes."
A jury in Silicon Valley has been weighing the fate of Holmes, the former tech executive whose blood-testing startup Theranos shot her to fame. She now faces criminal fraud charges.
Holmes' stunning testimony marks the first time the former chief executive of the biotech startup Theranos told the jury about her allegations of abuse by her former romantic and business partner.
Holmes admitted Tuesday that she put Pfizer letterhead on a document for potential business partners and investors without the pharma giant's consent. She's charged with duping investors and patients.
As the former CEO of the blood-testing company Theranos faces fraud charges, some are asking why other tech leaders accused of wrongdoing have avoided criminal charges.
