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John Carreyrou on the rise and fall of Theranos

Video Credit: Bleacher Report AOL - Duration: 02:52s - Published
John Carreyrou on the rise and fall of Theranos

John Carreyrou on the rise and fall of Theranos

John Carreyrou broke the Theranos story in the Wall Street Journal and wrote “Bad Blood,” a book about the scandal.

He talked with CNN’s Julia Chatterley about the rise and fall of the biotech startup and its founder Elizabeth Holmes.


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Theranos Defunct American health technology company

Sam Bankman-Fried Sentenced to 25 Years for FTX Fraud [Video]

Sam Bankman-Fried Sentenced to 25 Years for FTX Fraud

Sam Bankman-Fried , Sentenced to 25 Years , for FTX Fraud. On March 28, Sam Bankman-Fried was sentenced to 25 years in prison after being found guilty of defrauding users of FTX, the now-collapsed cryptocurrency exchange. . NBC reports that Lower Manhattan federal district Judge Lewis Kaplan found the defense's arguments misleading, speculative and logically flawed. The judge accused Bankman-Fried of committing obstruction of justice and tampering with witnesses while mounting his defense. Kaplan reportedly said that those factors played a role in his decision about how to sentence Bankman-Fried. Prosecutors had originally sought a longer sentence of 50 years, while the defense fought for Bankman-Fried to get no more than six and a half years. Prosecutors had originally sought a longer sentence of 50 years, while the defense fought for Bankman-Fried to get no more than six and a half years. In November, Bankman-Fried was convicted on seven criminal counts. He has been held at Brooklyn's Metropolitan Detention Center while awaiting sentencing. In November, Bankman-Fried was convicted on seven criminal counts. He has been held at Brooklyn's Metropolitan Detention Center while awaiting sentencing. At one time, FTX was valued at over $30 billion but ultimately collapsed in November of 2022 after announcing a major cash shortfall. At one time, FTX was valued at over $30 billion but ultimately collapsed in November of 2022 after announcing a major cash shortfall. While on trial, Bankman-Fried was accused of robbing FTX customers of nearly $8 billion, which was partially used to fund the extravagant lifestyles of the exchange's executives. While on trial, Bankman-Fried was accused of robbing FTX customers of nearly $8 billion, which was partially used to fund the extravagant lifestyles of the exchange's executives. NBC reports that Bankman-Fried's sentence is harsher than other white-collar crimes in recent memory, such as Theranos founder Elizabeth Holmes who received just 11 years. NBC reports that Bankman-Fried's sentence is harsher than other white-collar crimes in recent memory, such as Theranos founder Elizabeth Holmes who received just 11 years. The outlet also notes that the judgement is more similar to the 25-year sentence given to former WorldCom CEO Bernie Ebbers or the 24-year sentence given to Enron CEO Jeff Skilling. The outlet also notes that the judgement is more similar to the 25-year sentence given to former WorldCom CEO Bernie Ebbers or the 24-year sentence given to Enron CEO Jeff Skilling

Credit: Wibbitz Top Stories    Duration: 01:30Published

The Wall Street Journal The Wall Street Journal American business daily newspaper

Russia extends arrest of US reporter Evan Gershkovich [Video]

Russia extends arrest of US reporter Evan Gershkovich

A Moscow court on Tuesday extended Wall Street Journal reporter Evan Gershovich's sentence until at least June.

Credit: euronews (in English)    Duration: 00:35Published

Elizabeth Holmes Elizabeth Holmes American businesswoman (born 1984)