Billboard Near Insurance Regulator Warns Against Brookfield’s Potential Takeover of American Equity Life Insurance, Citing UNITE HERE Report
DES MOINES, Iowa--(BUSINESS WIRE)--Oct 11, 2023--
2023-10-11 19:00
Top Asia IPO Gainers Are in Japan as Nation Lures Global Funds
Japanese initial public offerings may keep luring buyers after having delivered the biggest gains among newly listed Asian
2023-07-06 07:29
HK LGBTQ Ruling ‘Wisely’ Avoids China Rewrite, Adviser Says
A top adviser to Hong Kong’s leader praised a landmark ruling backing same-sex unions by the city’s highest
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Dollar Tree and Family Dollar agree to take steps to improve worker safety at the bargain stores
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Saudi Arabia's STC Group to become Telefonica top shareholder with 9.9% stake
By Andres Gonzalez, Amy-Jo Crowley, Pablo Mayo Cerqueiro and Hadeel Al Sayegh LONDON/DUBAI Saudi Arabia's STC Group has
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Elizabeth Holmes prison: Everything we know about disgraced Theranos founder going to jail
Disgraced Theranos founder Elizabeth Holmes is about to begin her 11-year prison sentence after being found guilty of defrauding investors, including media mogul Rupert Murdoch, over fake claims about the company’s blood-testing capabilities. As well as being handed jail time over her role in misleading investors, Holmes was also ordered to pay $452m in restitution. Follow the latest updates live “This is a fraud case where an exciting venture went forward with great expectations and hope, only to be dashed by untruth, misrepresentations, hubris, and plain lies,” Judge Davila, presiding over the case, said before handing down the prison sentence to Holmes. “I suppose we step back and we look at this, and we think, what is the pathology of fraud? Is it the inability or the refusal to accept responsibility or express contrition in any way? Now, perhaps that is the cautionary tale that will go forward from this case.” Ahead of being sentenced, Holmes, who has long maintained she did not intend to defraud anyone, told the court: “I am devastated by my failings. “Every day for the past years I have felt deep pain for what people went through because I failed them. I regret my failings with every cell of my body.” Where will Holmes serve her sentence Holmes, who requested 18 months of house arrest as a punishment, will begin her sentence at Federal Prison Camp Bryan in Texas – an all-female facility 100 miles from Holmes’ hometown. The minimum security prison houses around 500 inmates, and runs a variety of programmes intended to prepare prisoners for life after incarceration, according to Camp Bryan’s handbook. Holmes’ day will begin at 6am, when inmates are woken up for meals and work; people failing to comply with the strict wakeup rules are subject to punishments. Inmates are then counted at five different times during the day, when they must assemble in specific areas (once again, punishments are doled out to those who are not present at these times). The prison features a study, game room, and work programmes that see all inmates take part in a six-week course on the importance of efficiency in the workplace before they are placed into a role – with some prisoners earning as little as $0.12 in some assignments. According to the handbook, “All designated inmates are required to develop a financial plan to meet their financial obligations”, which for Holmes will mean reparations of $452m. How will Holmes keep in touch with her family? Holmes is married to Billy Evans, and the pair have two children, William, 2, and newborn Invicta. She lives around 100 miles from her family, who will be permitted to visit at weekends. Inmates at Camp Bryan are also permitted to take part in video sessions with their friends and family, according to the handbook, as well as to send and receive text messages. Prior to beginning her sentence at Camp Bryan, Holmes spent the weekend with her husband and children at the beach.
2023-05-30 22:27
Judging Panel of International Industry Experts Announced For 2024 FICO Decisions Awards
BOZEMAN, Mont.--(BUSINESS WIRE)--Oct 4, 2023--
2023-10-04 23:27
What carbon footprint? American man flies 23 million miles
Tom Stuker has flown some 23 million miles in three decades, the same as 48 round trips to the moon, but the American says he is...
2023-07-11 04:57
BlackRock Joins AI Mania, Calling It a Potential ‘Mega Force’
BlackRock Inc. is betting on the AI boom as it latches onto the promise of productivity gains from
2023-06-29 00:28
Microsoft Record Leads $1.5 Trillion Nasdaq Surge
Wall Street’s so-called Magnificent Seven has been living up to its name again, but none more so than
2023-11-09 22:59
Chevron Australia LNG unions stick to strike plan even as pay talks continue
By Lewis Jackson SYDNEY Unions at Chevron's liquefied natural gas (LNG) facilities in Australia reaffirmed their plan to
2023-10-16 10:54
What happens if US fails to lift debt limit by June 1?
The United States is now less than a week away from reaching its national borrowing limit, with the Treasury repeatedly warning it could run out of money to pay bills as early as...
2023-05-26 23:55
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