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Sam Bankman-Fried: FTX founder and ‘crypto king’ has bail revoked for alleged witness tampering | US News
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Disgraced FTX founder Sam Bankman-Fried has had his $250m (£197m) bail revoked and has been sent to jail after alleged witness tampering. US District Judge Lewis Kaplan made the decision after prosecutors said Bankman-Fried had tried to harass a key witness in his fraud case last month. The 31-year-old was charged with defrauding investors in…
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Theranos founder Elizabeth Holmes has prison sentence shortened by two years | US News
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Disgraced Theranos founder Elizabeth Holmes has had two years knocked off her prison sentence. Holmes, 39, is behind bars in Texas for overseeing an infamous blood-testing hoax. The fraudster started her 11-year sentence in May – but an update to her prison records shows she is now due to be released two years ahead of schedule.…
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Who is Jack Dorsey? The billionaire tech founder and Bluesky boss who ran Twitter before Elon Musk | Science & Tech News
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As Elon Musk drags Twitter and its users through more and more turbulence, its founder Jack Dorsey has made a supportive observation from the sidelines. He posted that “Running Twitter is hard” and “it’s easy to critique the decisions from afar”. The 46-year-old billionaire left the platform he co-founded in 2006 to launch what he…
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Theranos founder Elizabeth Holmes set to serve 11-year prison sentence after judge throws out latest appeal | US News
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Disgraced Theranos founder, Elizabeth Holmes, looks set for prison after a court rejected her latest attempt to stay free. The 39-year-old entrepreneur was also ordered to pay $452 million (almost £363 million) to victims of her crimes by a court in California on Tuesday. She is jointly liable for the restitution penalty with her former…
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Elizabeth Holmes: Disgraced Theranos founder delays going to jail after winning appeal | Business News
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Elizabeth Holmes, the disgraced tech billionaire convicted of fraud, has avoided starting her 11-year jail term on Thursday after a judge backed her appeal to delay it. Holmes, 39, who founded Theranos, was sentenced to 11 years and three months after being found guilty of three counts of investor fraud and one count of conspiracy…
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Theranos founder Elizabeth Holmes appeals against ‘unjust’ conviction for blood-testing scam as jail date approaches | US News
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Elizabeth Holmes has launched an appeal against what her lawyers say is an “unjust” conviction over the Theranos scandal. The 39-year-old was convicted of four counts of fraud in January 2022 and sentenced to an 11-year jail term last November. Earlier this month she lost a bid to stay out of prison while she appealed against…
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Cash App founder Bob Lee was killed in a secluded spot after row over suspect’s sister, prosecutors claim | US News
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The tech consultant charged with the killing of Cash App founder Bob Lee planned the attack, prosecutors have claimed. Nima Momeni allegedly drove the 43-year-old victim to a secluded spot in San Francisco and stabbed him over a dispute apparently related to the suspect’s sister. The motion to detain the 38-year-old without bail is the…
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Tech consultant arrested over fatal stabbing of Cash App founder | US News
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A self-proclaimed tech consultant has been arrested in connection with the fatal stabbing of Cash App founder Bob Lee in San Francisco. Nima Momeni, 38, was arrested on suspicion of murder, San Francisco Police Chief Bill Scott said during a news conference. San Francisco District Attorney Brooke Jenkins said Momeni will be charged with murder…
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11year, bid, Elizabeth, founder, Holmes, loses, month, News, prison, Science, sentence, stay, Tech, Theranos
Theranos founder Elizabeth Holmes loses bid to stay out of prison and will begin 11-year sentence this month | Science & Tech News
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Elizabeth Holmes will begin an 11-year jail term this month after losing a bid to stay out of prison while she appeals her conviction over the Theranos scandal. The 39-year-old was sentenced in November for what prosecutors had branded as “among the most substantial white collar offences Silicon Valley or any other district has seen”.…
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Bob Lee: Elon Musk condemns ‘horrific’ fatal stabbing of Cash App founder in San Francisco | Science & Tech News
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A “force of nature” tech entrepreneur who founded a multibillion-dollar payments service has been stabbed to death. Bob Lee, 43, was attacked in San Francisco on Tuesday morning local time and later died in hospital. His father, Richard, said he had “just lost my best friend” in a tribute on Facebook confirming the news. “Bobby…