The Entrepreneurs Weekly
No Result
View All Result
Thursday, July 3, 2025
  • Login
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
Subscribe
The Entrepreneurs Weekly
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
No Result
View All Result
The Entrepreneurs Weekly
No Result
View All Result
Home Business

Theranos’ Elizabeth Holmes Asks For Home Confinement, No Jail

by Brand Post
November 11, 2022
in Business
0
Theranos’ Elizabeth Holmes Asks For Home Confinement, No Jail
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


In a court filing Thursday, the legal team for Elizabeth Holmes, former CEO of Theranos, made a case to get the founder out of serving a lengthy prison sentence for defrauding investors.



Bloomberg I Getty Images

Elizabeth Holmes leaving federal court in October 2022.

“We acknowledge that this may seem a tall order given the public perception of this case,” the filing said, per Bloomberg.

It asked for her to serve 18 months confined in her home.

In addition, 130 people connected to the founder, including former Theranos investors and family and friends, submitted letters in her support. The filing argued the “real” Holmes has been obscured by “media vitriol.”

Holmes founded Theranos in 2003 and claimed the company had a revolutionary test that could use a much smaller amount of blood to test for a wider range of illnesses, including cancer, and raised $700 million for the company. She was extensively profiled in Fortune in 2014, which boosted her profile enormously.

Her company at that time was valued at almost $9 billion.

Related: The Career Rise and Fall of Theranos Founder Elizabeth Holmes

Then, in 2015 and 2016, reports from the Wall Street Journal exposed that the technology fundamentally did not work. Holmes stepped down as CEO in 2018.

Holmes was convicted of four fraud-related counts in January The story in part was recounted in Hulu’s “The Dropout” where Amanda Seyfried won an Emmy for playing the founder.

In the filing Thursday, as the outlet noted, Holmes discussed again her claims that she was being emotionally and physically abused by business partner Sunny Balwani. He was convicted in a different trial in July of 12 counts of fraud.

Holmes’ team also said, per Bloomberg, that she’s become a sexual violence crisis counselor.

The filing is something of a hail mary. Some of the counts of fraud she was convicted for include minimum sentences of nine years, per the outlet. The prosecution still has to give the judge, U.S. District Judge Edward Davila, recommendations for a prison sentence.

This week, Holmes’ team failed to get a new trial after claiming a key witness might have been pressured by the prosecution.



Source link

Tags: AsksBusiness NewsConfinementElizabethElizabeth HolmesHolmesHomeJailNews and TrendsTheranos

Related Posts

I Built a 7-Figure Business with a Team I Had Never Met – Here’s What I Learned | Entrepreneur
Business

I Built a 7-Figure Business with a Team I Had Never Met – Here’s What I Learned | Entrepreneur

July 3, 2025
Sisters’ Side Hustle Leads to Hundreds of Millions of Dollars | Entrepreneur
Business

Sisters’ Side Hustle Leads to Hundreds of Millions of Dollars | Entrepreneur

July 3, 2025
How NBA-Legend Carmelo Anthony Is Betting on Bud — and Equity | Entrepreneur
Business

How NBA-Legend Carmelo Anthony Is Betting on Bud — and Equity | Entrepreneur

July 3, 2025
  • Trending
  • Comments
  • Latest
Meet Amir Kenzo: A Well Known Musical Artist From Iran.

Meet Amir Kenzo: A Well Known Musical Artist From Iran.

August 21, 2022
Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

April 20, 2024
Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

May 10, 2024
Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

August 8, 2024
Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

0
U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

0
GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

0
Brad Winget’s Tips and Tricks on Having a Career in Real Estate

Brad Winget’s Tips and Tricks on Having a Career in Real Estate

0
I Built a 7-Figure Business with a Team I Had Never Met – Here’s What I Learned | Entrepreneur

I Built a 7-Figure Business with a Team I Had Never Met – Here’s What I Learned | Entrepreneur

July 3, 2025
Sisters’ Side Hustle Leads to Hundreds of Millions of Dollars | Entrepreneur

Sisters’ Side Hustle Leads to Hundreds of Millions of Dollars | Entrepreneur

July 3, 2025
How NBA-Legend Carmelo Anthony Is Betting on Bud — and Equity | Entrepreneur

How NBA-Legend Carmelo Anthony Is Betting on Bud — and Equity | Entrepreneur

July 3, 2025
Don’t Risk Your ,000 Laptop—Travel With This 4 MacBook Pro Instead | Entrepreneur

Don’t Risk Your $2,000 Laptop—Travel With This $324 MacBook Pro Instead | Entrepreneur

July 3, 2025

The EW prides itself on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

Transcending the bounds of Chicago to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

NEWS

  • Business
  • Politics
  • Entrepreneurship
  • Entertainment
Instagram Facebook

© 2024 Entrepreneurs Weekly.  All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
  • POLITICS
  • BUSINESS
  • CONTACT US
  • ADVERTISEMENT

Copyright © 2024 - The Entrepreneurs Weekly

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In