Betsy DeVos’s family misled by Elizabeth Holmes, Theranos in $100 million investment, rep testifies



Holmes, 37, is charged with 12 counts of wire fraud and conspiracy to commit wire fraud. If convicted, she faces up to 20 years in prison. She has pleaded not guilty and said she acted in good faith while running the company. In court documents before the trial began, her defense team accused her former boyfriend, Ramesh “Sunny” Balwani, who was Theranos’s chief operating officer at the time, of abusing and controlling her. Balwani, 56, has denied the claims and Holmes’s defense team has not brought them up during the trial. Balwani, who has also pleaded not guilty, faces a separate trial in 2022.



Source link

Latest

What will Covid do to India’s GDP mainstay? Economists paint grim picture even as businesses hold on to hope

Rural India saved the country during the first Covid wave. This time Covid infections have spread to the interiors like wild fire.SynopsisWhen Covid...

White House says G7 rally around need to ‘counter and compete’ with China

Article content BRUSSELS — White House national security adviser Jake Sullivan said on Sunday G7 leaders rallied around the need to “counter and...