After a judge concluded that the public interest trumps the right to privacy, dozens of court documents related to Jeffrey Epstein’s contacts will be made public, according to a report.
On Friday, Judge Loretta Preska ordered that sealed documents about eight Epstein associates must be unsealed despite the assertion of one of the subjects that the release of the documents would “wrongfully harm (his) privacy and reputation.”
Disgraced Theranos CEO Elizabeth Holmes has been sentenced to 11 years in prison by a federal judge for defrauding investors out of millions.
Pregnant Holmes, 38, sobbed as she was sentenced by US federal judge Edward Davila, telling the court that she ‘tried to change the world.
She was surrounded by her friends and family, who hugged her in the courtroom after her sentence was handed down.
The new CEO of FTX, John Ray, III, revealed several wild and shocking items found in the collapsed company’s bankruptcy filing, which include the founder and former CEO Sam Bankman-Fried lending himself $1 billion, and FTX corporate funds being used to buy personal homes, among other things.
… The judge has a big decision to make. Silicon Valley executives will be watching with interest. Founders rarely end up getting convicted of fraud.
What happens to Holmes will be seen as a test case. Does corporate fraud in Silicon Valley end up with a slap on the wrist? Or does it mean serious jail time?
We are about to find out.
She defrauded a virtual who’s who list of very wealthy folks you would think should have known better but some ordinary people were hurt as well.
She is now well married and hey it’s California so anything is possible.
I bet SBF has an eye on this.
Elizabeth Holmes’s Sentencing: How Other White-Collar Criminals Fared
Elizabeth Holmes is scheduled to be sentenced on Friday, and the Theranos Inc. founder could be joining a list of notable white-collar criminals to serve time in prison.
Ms. Holmes was convicted in January on four counts of criminal fraud for deceiving investors while running a yearslong scheme at Theranos, the blood-testing startup where she was chief executive.
She faces up to 20 years in prison, plus fines, for each guilty count. Lawyers following the case have said she is unlikely to receive the maximum penalty, based on outcomes of other white-collar prosecutions.
Authorities have arrested a 22-year-old driver on suspicion of attempted murder for allegedly plowing his vehicle into Los Angeles county sheriff’s academy recruits on a training run, injuring more than two dozen people.
The Los Angeles county sheriff’s department said in a statement Thursday that Nicholas Joseph Gutierrez was arrested Wednesday for investigation of attempted murder on a peace officer.
Authorities have said that a man driving an SUV early Wednesday veered onto the wrong side of the road in suburban Whittier, crashing into recruits on a morning run and then hitting a nearby light pole. Five of them were critically injured, including head trauma, broken bones and “loss of limb”, Sheriff Alex Villanueva said Wednesday.
Sam Bankman-Fried, the embattled CEO of failed cryptocurrency exchange FTX, was a massive donor to the Democratic Party. But you wouldn’t know it from the reporting on the big three broadcast networks (ABC, CBS, and NBC), who have so far almost completely hidden that salient detail from their audiences.
The four University of Idaho students who were found dead at an off-campus home Sunday were butchered with a knife in what police are now investigating as “targeted” murders, officials said.
The Moscow Police Department said Tuesday all four deaths have been ruled homicides, meaning that detectives believe that none of the victims was responsible for the killings.
Robbery? Crime of passion? No one will say.
Do you drive a Honda CR-V, Lexus RX or a Ford F-150 pickup truck? Better look out the window and make sure it’s still there. More than any other vehicles on the road, those are being stolen and sent down the road to the Port of Montreal for shipment overseas, according to new insurance data.
“The proceeds of this illegal activity funds organized crime and terrorism, both domestically and internationally,” said Bryan Gast, vice-president of investigative services at Équité Association, a national non-profit that works with insurance companies to combat fraud.
SAN JUAN, Puerto Rico (AP) — José Irizarry accepts that he’s known as the most corrupt agent in U.S. Drug Enforcement Administration history, admitting he “became another man” in conspiring with Colombian cartels to build a lavish lifestyle of expensive sportscars, Tiffany jewels and paramours around the world.
But as he used his final hours of freedom to tell his story to The Associated Press, Irizarry says he won’t go down for this alone, accusing some long-trusted DEA colleagues of joining him in skimming millions of dollars from drug money laundering stings to fund a decade’s worth of luxury overseas travel, fine dining, top seats at sporting events and frat house-style debauchery.
Update: 4 University of Idaho Students Dead in ‘Crime of Passion’
The four University of Idaho students who were found dead in off-campus housing Sunday have been identified.
According to Moscow police, 20-year-old Ethan Chapin, 21-year-old Madison Mogen, 20-year-old Xana Kernodle and 21-year-old Kaylee Goncalves died in a homicide at their off-campus house on King Road.
Mogen, of Coeur d’Alene, Idaho, and Goncalves’ Facebook profiles show they were members of the Alpha Phi sorority on campus, while Ethan Chapin was in Sigma Chi.
Nov 12 (Reuters) – Theranos founder Elizabeth Holmes should spend 15 years in prison and pay $800 million in restitution to investors defrauded in the blood testing start-up, U.S. prosecutors recommended late on Friday.
The Department of Justice recommendation, made in a court filing, came as Holmes prepares to be sentenced next week.
“Considering the extensiveness of Holmes’ fraud… the sentencing of 180 months’ imprisonment would reflect the seriousness of the offenses, provide for just punishment for the offenses, and deter Holmes and others,” the prosecutors said.
She duped a lot of elite folk. That can’t help.
Two people are facing numerous charges after OPP found prohibited devices used to manufacture “ghost guns” at a Woodstock address.
“Ghost guns” have no serial numbers and are untraceable. They can be purchased online and assembled at home.
Provincial police said the Canada Border Services Agency intercepted and seized prohibited devices during routine courier inspections in October.
Thursday morning, on Nov. 3, 2022, I listened to the 1010 WINS radio station, here in New York City.
The extent to which New York’s gubernatorial candidates were focusing on crime was the topic. Then the morning host made a statement about the average citizen’s so-called “frantic” concern about crime. She completed her statement with the words “even if the numbers don’t’ line up.”
Crypto megadonor Sam Bankman-Fried helped bankroll Democrats’ overperformance in the midterms. But any friends he may have had in Washington won’t be there for him as his crumbling business empire threatens to torpedo the entire digital currency market.
Bankman-Fried’s Washington influence — as well as billions of dollars of his personal wealth — nearly vanished in the span of 48 hours, after it emerged that the giant crypto exchange he founded was insolvent and unable to meet customer withdrawals.
State and federal regulators are now investigating the exchange, FTX, to determine whether it may have harmed clients or broken other financial regulations. An emergency rescue from competing digital asset exchange Binance fell apart after the company dug into FTX’s financials and investigators circled.
Crypto – The biggest confidence grift of all time.
Tyree Moorehead was fairly well known in Baltimore for his protests against “gun violence,” which included spray painting “No Shoot Zones” at hundreds of crime scenes across the city. The 46-year old, who served 20 years in prison for a drug-related murder when he was 15, was himself shot and killed last weekend; not at the hands of any drug dealer or gang member, but by Baltimore police officers who responded to a call about a man armed with a knife who was attacking a woman.
