Judge denies Elizabeth Holmes’ request to stay out of prison while she appeals fraud conviction
A US District Court judge has ruled that Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, cannot remain free on bail while she appeals her fraud conviction.
According to court documents filed Monday, Judge Edward Davila ruled that the portion of the conviction that Holmes is appealing is not likely to be overturned. A jury found Holmes guilty in January 2022 of four counts of fraud in connection with her leadership at Theranos. In November, she was sentenced to more than 11 years in prison.
In his latest decision, Davila noted Holmes is challenging her conviction based…
Food storage brand Tupperware warns it could go out of business
Legendary food storage brand Tupperware has hired advisers to help turn around the company after notifying securities regulators it may have to close up shops.
In a release dated April 7, the Orlando, Florida-based company announced it was seeking to improve its capital structure in order to “remediate its doubts regarding its ability to continue as a going concern.”
That same day, Tupperware issued a going-concern notice after warning it could be heading for a default if its lenders demand payment to maintain access to the company’s main line of credit.
“If such demand for repayment was to occur, the…
Trump arrested? Putin jailed? Fake AI images spread online – Business News
Arijeta Lajka And Philip Marcelo, The Associated Press – March 23, 2023 / 11:52 am | Stories: 417588
Photo: The Canadian Press
Images created by Eliot Higgins with the use of artificial intelligence show a fictitious skirmish with Donald Trump and New York City police officers posted on Higgins’ Twitter account, as photographed on an iPhone in Arlington, Va., Thursday, Mar. 23, 2023. The highly detailed, sensational images, which are not real, were produced using a sophisticated and widely accessible image generator. (AP Photo/J. David Ake)
Former President Donald Trump getting gang-tackled by riot-gear-clad New York City police officers. Russian…
