[ad_1] Business Jury convicted Holmes earlier this year on charges that she misrepresented startup’s technology, finances and business to investors [ad_2] Source link Source link
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Tag: Fraud
[ad_1] Elizabeth Holmes was ordered to spend more than 11 years in prison for fraudulently building her blood-testing startup Theranos Inc. into a $9 billion company that collapsed in scandal. The sentence imposed Friday by US District Judge Edward Davila in San Jose, California, is far closer to the 15-year term prosecutors […]
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[ad_1] Former Theranos CEO Elizabeth Holmes arrives at federal court in San Jose, Calif on Friday, Nov. 18, 2022 Photo: Brian L. Frank for The Wall Street Journal Nov. 18, 2022 9:28 am ET The judge who oversaw the criminal-fraud trial of the Theranos founder has broad legal discretion amid lawyer recommendations, precedent and other […]
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[ad_1] A federal judge struck down President Biden’s student loan forgiveness plan on Nov. 10. The ruling is being challenged, but that hasn’t stopped scammers eager to capitalize on borrowers’ confusion and frustration. Scams targeting Americans impatient for debt forgiveness surged in the first 10 months of 2022, according to the Federal Trade Commission. The […]
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[ad_1] By Michael Siconolfi Nov. 18, 2022 5:30 am ET Listen to article (2 minutes) Elizabeth Holmes‘s journey from Silicon Valley superstar to felon is slated to culminate Friday during a hearing in which a federal judge will sentence her. The 38-year-old Ms. Holmes, who is pregnant with her second child, was convicted by a […]
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[ad_1] What started as a dream job turned into a nightmare for employees of the crypto exchange that imploded in spectacular fashion last week. [ad_2] Source link Source link
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[ad_1] Tech Federal judge who oversaw her criminal-fraud proceedings says a new trial unlikely to result in an acquittal [ad_2] Source link Source link
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[ad_1] The Securities and Exchange Commission filed charges against the founder and three U.S. promoters of Trade Coin Club, alleging the crypto-trading membership club operated as a Ponzi scheme that raised 82,000 bitcoins, valued at $295 million in 2018, from investors around the world. The charges against four individuals, filed on Thursday in federal court […]
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[ad_1] The two men are accused of engaging in a fraudulent scheme to inflate the parent company’s stock and attract new shareholders. [ad_2] Source link Source link
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[ad_1] The agency raked in $6.4 billion in the latest fiscal year, as Chairman Gary Gensler focuses on high-profile cases and steep penalties for alleged misconduct. [ad_2] Source link Source link
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