Elizabeth Holmes gets more than 11 years for Theranos scam
Disgraced Theranos CEO Elizabeth Holmes has been sentenced to more than 11 years in prison for duping investors in the failed startup that promised to revolutionize blood testing but instead made her a symbol of Silicon Valley ambition that veered into deceit.
Jury takes fraud case against Elizabeth Holmes's ex-partner
The fate of hard-nosed technology executive Ramesh “Sunny” Balwani is now in the hands of a jury that will weigh criminal charges alleging he joined disgraced Theranos CEO Elizabeth Holmes, his former partner, in an elaborate fraud that jarred Silicon Valley.
Former US defense secretary testifies in Holmes fraud trial
Former U.S. Secretary of Defense James Mattis testified Wednesday in the trial of fallen tech star Elizabeth Holmes, saying the entrepreneur misled him into believing she was on the verge of rolling out a blood-testing breakthrough that he hoped would help save lives of troops in battle.
Fallen tech star Elizabeth Holmes prepares to go on trial
Jury selection in the fraud trial of Theranos founder Elizabeth Holmes began Tuesday, casting a spotlight on the fallen Silicon Valley star now facing felony charges alleging she duped elite financial backers, customers and patients into believing that her startup was about to revolutionize medicine.
George Shultz wasn't 'afraid to struggle against the odds'
(AP Photo/Barry Thumma, File)WASHINGTON – Time was running out when Secretary of State George P. Shultz returned home in April 1988 after flying 16,000 miles in a failed mission to persuade Arabs and Israelis to negotiate their differences. AdA lifelong Republican, Shultz negotiated the first-ever treaty with the Soviet Union to reduce the size of their ground-based nuclear arsenals. The president would not yield, and Reagan and Shultz returned to the United States disappointed but determined to pursue an accord. Although Shultz objected, Reagan went ahead with the deal and millions of dollars from Iran went to right-wing Contra guerrillas in Nicaragua. But only a few years later, Reagan and Shultz, considered Israel’s best friends, had opened the door to Palestinian legitimacy and possibly a Palestinian state on land held by Israel.
Naval Academy holds its first-ever virtual graduation event
On Thursday, the Senate confirmed Kenneth Braithwaite, a former U.S. ambassador to Norway and a 1984 graduate of the Naval Academy, as Navy secretary. The decision not to have a live Naval Academy graduation ceremony reflects concern about the coronavirus pandemic. It stands in contrast to the Air Force, which held a scaled-back live graduation ceremony in Colorado Springs, Colorado on April 18. The Army is scheduled to hold a U.S. Military Academy live graduation ceremony at West Point, New York, on June 13 with President Donald Trump as the commencement speaker. In the virtual spirit of Friday's Naval Academy event, Milley, chimed in with a Twitter note of encouragement to the graduates.