Theranos founder Elizabeth Holmes was convicted of fraud last year at a trial in San Jose, California. AFP
Theranos founder Elizabeth Holmes was convicted of fraud last year at a trial in San Jose, California. AFP
Theranos founder Elizabeth Holmes was convicted of fraud last year at a trial in San Jose, California. AFP
Theranos founder Elizabeth Holmes was convicted of fraud last year at a trial in San Jose, California. AFP

Theranos founder Elizabeth Holmes to begin prison sentence on May 30


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Theranos founder Elizabeth Holmes has been ordered to report to prison on May 30 to begin her sentence for defrauding investors in the failed blood-testing start-up once valued at $9 billion.

US District Judge Edward Davila set the date on Wednesday. Holmes, 39, has been sentenced to 11 years and three months in jail.

Holmes rose to fame after claiming Theranos's small machines could run an array of diagnostic tests with only a few drops of blood. She was convicted of fraud last year at a trial in San Jose, California.

She asked the Ninth Circuit Court of Appeals to delay her sentence on April 25, two days before she was originally to report to prison. The court denied the request on Tuesday.

Mr Davila, who oversaw Holmes's trial and sentencing, previously rejected her argument that the appeal was likely to result in a new trial, the threshold for her to remain free on bail.

Prosecutors said during the trial that Holmes misrepresented Theranos's technology and finances. Holmes gave evidence in her own defence, saying she believed her statements were accurate at the time.

In her appeal, Holmes has challenged several of the judge's rulings, including his allowance of evidence about Theranos's test accuracy that came after her statements to investors.

Holmes's co-defendant, former Theranos president Ramesh Balwani, was convicted of defrauding Theranos's investors and patients at a separate trial.

He was sentenced to 12 years and 11 months in prison.

Balwani began his sentence on April 20, after Mr Davila and the Ninth Circuit court rejected his request to remain free on bail during his appeal.

Forbes described Holmes as the world's youngest female self-made billionaire in 2014, when she was 30 and her stake in Theranos was worth $4.5 billion.

Theranos collapsed after a series of reports in The Wall Street Journal in 2015 that questioned its technology.

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Fiorentina v Lecce (11.45pm)

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Monday
Cagliari v Sampdoria (11.45pm)

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Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

UAE currency: the story behind the money in your pockets
SPECS
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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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Rating: 4/5

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Fuel consumption: 10.2 l/100km

Price: Dh375,000 

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Starring: Bill Skarsgard, Jaeden Lieberher, Sophia Lillis, Chosen Jacobs, Jeremy Ray Taylor

Three stars

Specs

Price, base: Dhs850,000
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Dubai Rugby Sevens, December 5 -7

World Sevens Series Pools

A – Fiji, France, Argentina, Japan

B – United States, Australia, Scotland, Ireland

C – New Zealand, Samoa, Canada, Wales

D – South Africa, England, Spain, Kenya

Updated: May 18, 2023, 4:48 AM`