Elizabeth Holmes Reports to Prison in Texas on Tuesday
The disgraced founder of the blood testing start-up Theranos, who was convicted of fraud, turned herself in at a minimum-security prison in Texas.
The disgraced founder of the blood testing start-up Theranos, who was convicted of fraud, turned herself in at a minimum-security prison in Texas.
The Theranos founder, who was convicted last year of defrauding investors, lost her bid to remain free on bail while she appeals her conviction.
The FTX founder, who has been charged with fraud, said the crypto exchange and its law firm had been acting against him and offering only the most incriminating evidence to prosecutors.
The black turtlenecks are gone. So is the voice. As the convicted Theranos founder awaits prison, she has adopted a new persona: devoted mother.
Ryan Salame, a former top FTX executive and a prolific Republican donor, faces mounting legal pressure for his role in Sam Bankman-Fried’s business empire.
Early adopters thought cryptocurrencies would be free from prying eyes. But tracking the flow of funds has become a big business.
Recent charges, convictions and sentences all indicate that the start-up world’s habit of playing fast and loose with the truth actually has consequences.
Shares of the financial tech company plunged after Hindenburg Research said Block had failed to stamp out illegal activity on its platforms, including drug sales and sex trafficking.
The move followed the disgraced cryptocurrency executive’s attempt to contact a potential witness in his criminal case, prosecutors said.
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