The game is up for folks who enjoy pointing out that Theranos founder Elizabeth Holmes (and company president Sunny Balwani) inexplicably escaped serious consequences for the company's billion-dollar blood test hoax. They were charged with fraud today by the Feds.
Both Holmes, who stepped down as CEO of the financially crippled company earlier Friday, and Balwani appeared in U.S. District Court in San Jose, Calif., for arraignment on two counts of conspiracy to commit wire fraud and nine counts of wire fraud.
Both Holmes and Balwani, who surrendered Friday to the FBI, were released on $500,000 bond each and ordered to surrender their passports at the arraignment, which was attended by Holmes
Theranos's blood-testing machines never amounted to much more than hacky prototypes, but the company faked its way to a $9bn valuation by secretly using competitors' traditional technology while keeping employees shushed with a threatening, cultlike corporate culture. CNBC says "Holmes and Balwani face up to 20 years in prison if convicted" but doesn't suggest likely sentencing.
The White House Counsel’s “crazy, ranty” legal nastygram to House Leader Nancy Pelosi over impeachment was, Noah Shachtman writes, crafted by Trump himself. Asawin Suebsaeng and Sam Stein, at the Daily Beast: Trump had also privately consulted on the letter with Rudy Giuliani, his notably pugnacious personal lawyer who is at the center of the […]
At The Washington Post, Antonia Noori Farzan reports on an alleged zoophile who demanded farmers let him at the horses while conducting a terrifying stalking campaign against those who refused. For well over a year, two mysteries consumed a peaceful New Jersey community. The 31-year-old was arrested Oct. 3, according to the New Jersey Herald. […]
Raytracing is a method for drawing scenes by modeling beams of light, illuminating and richocheting off objects. It’s realistic but very slow, and only the newest and most expensive video cards [Amazon] introduce it to realtime games. MySQL is the most commonplace relational database, the sewer containing all the web’s fatbergs, the last thing on […]
Remember when the default state of your online presence was anonymity? That’s not so clear-cut anymore, and the worst part is you may not even know who is using your data or what they’re using it for. Small wonder that so many people are choosing to surf through virtual private networks. VPNs filter web access […]
Get ready for the stream of your dreams, binge-watchers. There’s a contest afoot, and at stake is a lifetime subscription to Netflix. All you have to do is sign up, and you’re entered to win this ultimate Netflix plan. When does it expire? Only when you do. And hey, just in case you need something […]
There’s overwhelming support for clean energy, and the planet is giving us more reasons to invest in renewable power sources with every passing year. Even in the most inhospitable areas, wind and solar can provide a good chunk of our power, if not all of it. So why aren’t we all taking advantage of it? […]