List of All Articles with Tag 'ca'

Elizabeth Holmes has surrendered to a federal prison in Texas to begin her 11-year sentence over the Theranos scandal which rocked the high-flying tech world of Silicon Valley. The 39-year-old disgraced tech entrepreneur reported to Bryan, the minimum-security federal prison camp in Texas, on Tuesday after exhausting all remaining legal avenues to cling onto her freedom. Holmes was convicted in January 2022 of four counts of fraud and conspiracy for lying about the capabilities pf her biotech company’s blood testing technology and conning investors out of millions of dollars. She was sentenced to 11 years and three months in prison and ordered to pay $452m in restitution to investors – including $125m to media mogul Rupert Murdoch. Holmes had been given until 2pm local time to surrender to the prison camp where she will see out her 11-year sentence surrounded by other white-collar, non-violent female offenders. Her two children – two-year-old William and three-month-old Invicta – will be allowed to visit their mother in the facility. The prison camp, which runs a work-focused program where all inmates are required to hold a job for at least 90 days, is a marked difference from Holmes’ life years earlier when she was seen as the darling of Silicon Valley. The saga began two decades ago when Holmes dropped out of Stanford University in 2003 at the age of 19 to found Theranos. The blood lab company aimed to develop medical devices that could diagnose hundreds of diseases and medical conditions with just a pinprick of blood. Over the next 10 years, Theranos boasted about its capabilities to transform the healthcare industry and grew to a value of $9bn, attracting investments from the likes of Murdoch, former Education Secretary Betsy DeVos and the heirs to the Walmart fortune. The company amassed an influential board of directors including former presidential cabinet members George Shultz, Henry Kissinger and James Mattis. Holmes, meanwhile, was catapulted onto magazine covers and became heralded as the next Steve Jobs while her personal fortune reached $4.5bn. But the technology didn’t do close to what Holmes claimed it could. In 2018, Holmes – Theranos CEO and founder – and Ramesh “Sunny” Balwani – Theranos chief operating officer and Holmes’ live-in romantic partner – were both indicted on fraud charges and the company was dissolved. She was allowed out on bail and while awaiting trial – which was stalled due to the Covid-19 pandemic – Holmes became pregnant with her first child with her partner, hotel boss Billy Evans. She became pregnant with her second child following her conviction. During her trial, Holmes sought to paint a picture that she had simply been under the control of Balwani, 57, and that she never intended to mislead investors about the technology’s capabilities. The jury didn’t buy it and she was convicted of four counts, which could have landed her with up to 20 years’ prison time. Balwani was also convicted of 12 counts of fraud and conspiracy at his trial and was sentenced to 13 years in federal prison. He began serving his sentence in Southern California last month. Since her conviction, Holmes has fought to stay out of prison claiming that she was treated unfairly by prosecutors during trial and that she should be allowed to remain out of prison while she appeals the conviction. An appeals court denied her request and said she must report to prison where she can continue to appeal her conviction behind bars. She asked the judge that she be allowed to remain free through Memorial Day weekend so that she could sort out childcare for her two children, before surrendering to authorities on 30 May. Weeks before beginning her sentence, Holmes admitted that she had made “many mistakes” in a new interview with The New York Times. “I made so many mistakes and there was so much I didn’t know and understand, and I feel like when you do it wrong, it’s like you really internalise it in a deep way,” she said. Read More Elizabeth Holmes news – latest: Theranos founder to surrender to Texas prison today to begin 11-year sentence As Elizabeth Holmes heads to prison for fraud, questions remain about her motives Elizabeth Holmes requests May 30 as new date to report to prison after losing her bid to remain free

A chilling video of the mass shooting at Florida’s Hollywood Beach on Memorial Day has showed people panicking and scrambling for safety. Nine people – six adults and three children – were wounded in the shooting in 1200 block of N Broadwalk near the Margaritaville Hollywood Beach Resort, 20 miles north of Miami. Local reports said several victims were taken to Memorial Regional Hospital and Joe DiMaggio Children’s Hospital. Live cam footage showed people frantically running from the scene after gunshots were heard. Chaos and the fear at the scene are palpable from the video showing beachgoers running away. According to police officials, the shooting was the result of an altercation between two groups. Reports said one person of interest was detained while the search for another continues. Eyewitnesses described the aftermath of the mass shooting. “I saw a young man that was on the ground bleeding and they were applying pressure to prevent the bleeding,” Vance Hendricks, who was visiting from Philadelphia, told CBS News. Police urged people to avoid the area where the shots were fired. “If you are looking to reunite with a family member, we have set up a reunification area at Johnson St and N Ocean bus loop,” said a tweet. Read More At least nine people wounded in Memorial Day mass shooting at Florida beach Police investigating shooting near beach boardwalk in Hollywood, Florida Police: Puerto Rico assailants targeting drug rival killed 2 and injured 13

Rosalynn Carter, the former first lady of the United States and wife of former President Jimmy Carter, has dementia, the Carter Center announced on Tuesday.

Democratic Gov. Tim Walz of Minnesota signed a bill into law on Tuesday legalizing recreational marijuana use in the state.

Xavi reveals how Manchester City pulled out of a January transfer deal with Barcelona.

Remember when Cardinals manager Oli Marmol called out Tyler O'Neill for his lack of hustle in early April? That looks even worse now.The St. Louis Cardinals are playing it very safe with outfielder Tyler O'Neill, which is the mentality Oli Marmol should have had from the start.Marm...

As the probe into whether former President Donald Trump or his advisers broke the law in their retention of documents including some potentially classified material from the White House nears its end, Mr Trump’s legal team is said to be fearing disloyalty. The Daily Beast reported on Tuesday that the former president’s attorneys supposedly worry that some among them may decide to start talking to the Department of Justice, becoming witnesses in the case, as the attention of the agency turns to the actions of the legal team themselves. The probe into Mr Trump’s handling of presidential records, including classified documents, exploded into the public eye last year when FBI agents raided Mar-a-Lago, Mr Trump’s home and resort in Florida. Several current attorneys to Mr Trump who serve in varying capacities described a chaotic situation where much of the strategy is managed by Mr Trump’s in-house counsel, Boris Epshteyn, and clashing personalities have led to a toxic environment — all of which is occurring as the Justice Department’s special counsel is said to be closing in on a decision regarding potential criminal charges in the case. More follows... Read More Ivanka and Jared split over attending Trump 2024 launch – follow live Why was Donald Trump impeached twice during his first term? Four big lies Trump told during his 2024 presidential announcement

Since the end of this past season, all 32 NFL teams have been busy retooling their rosters. Here is each club’s best newcomer player-wise.The NFL offseason is quite the process. It starts with teams trimming the fat and getting under the salary cap. Then come the free-agent visits, followe...

President Joe Biden will welcome BritishPrime Minister Rishi Sunak to the White House for an Official Working Visit next week on 8 June, the White House has said. In a statement, White House Press Secretary Karine Jean-Pierre said Mr Biden “looks forward” to meeting with the Prime Minister to “further deepen the close and historic partnership between the United States and the United Kingdom”. Ms Jean-Pierre said the bilateral session will follow up on recent meetings between Mr Biden and Mr Sunak, who last saw each other at the G7 summit in Japan earlier this month. She added that the US and UK leaders “will review a range of global issues, including their steadfast support for Ukraine as it defends itself against Russia’s brutal war of aggression, as well as further action to bolster energy security and address the climate crisis,” and “discuss efforts to continue strengthening our economic relationship as we confront shared economic and national security challenges”. The White House spokesperson also said Mr Biden and Mr Sunak will “review developments in Northern Ireland as part of their shared commitment to preserving the gains of the Belfast/Good Friday Agreement”. A spokesperson for the Prime Minister said the two men would spend their time together “build[ing] on discussions the Prime Minister and President Biden have had in recent months about enhancing the level of co-operation and co-ordination between the UK and US on the economic challenges that will define our future, including securing our supply chains and transitioning to zero-carbon economies”. “It will also be an opportunity to discuss issues including sustaining our support for Ukraine as we build on the success of our G7 summit in the run-up to the Nato summit in July,” the spokesperson added. Mr Sunak’s visit to the White House will come during the second half of what will be a two-day visit to the US capital, during which he will also meet with top Congressional leaders and business figures. He last visited the US in March when he travelled to San Diego for a meeting with Mr Biden and Australian leader Anthony Albanese regarding the Aukus agreement to supply Australia with nuclear-powered submarines. The Prime Minister and the US President also met in Belfast in April, and will meet again at the Nato leaders’ summit in Lithuania this summer. Read More Biden marks eighth anniversary of son Beau’s death from brain cancer at memorial Mass AP News Digest 9:30 a.m. Sunak to visit Washington DC for talks with Joe Biden

The Monday evening shooting sent beachgoers scrambling for safety on the US Memorial Day holiday.

Messer SE has sealed an investment from GIC Pte that values the industrial gas maker at more than

Mercuria Energy Group’s ship-fueling business Minerva Bunkering started deliveries in Egypt, becoming the first international service to enter