The US Attorney’s Office in San Francisco on Thursday issued a “call for information” from victims following the separate convictions of the former executives for their roles in the collapse of the company once valued at $9-billion. The federal judge in San Jose, California, who presided over the trials will use the information in determining their sentences, according to a statement from the office.
In their respective trials, the Theranos executives blamed each other for the fraud. US District Judge Edward Davila will weigh the evidence presented at both trials, as well as the counts each was found guilty of, in determining their sentences. Criminal defence lawyers have said both Holmes and Balwani could face a decade in prison.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Oil holds losses near six-month low as traders weigh Iran supplyWest Texas Intermediate traded near $87 a barrel after shedding more than 8% over the previous three sessions. Protracted talks over reviving a nuclear deal with Iran have progressed in recent days after the European Union circulated a final proposal to salvage the landmark accord. However, Goldman Sachs said an agreement was still unlikely in the short term.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Stocks drop, treasuries climb as sentiment sours: markets wrapAsian stocks fell and Treasuries rose after Federal Reserve minutes showed officials face a delicate balancing act to quell inflation while averting recession and as investors weighed a dim Chinese economic outlook.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: China’s biggest builder warns core profit could plunge 70%Country Garden Holdings has warned that first-half earnings probably tumbled by as much as 70% amid an escalating property crisis in the country.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Russian accused of laundering ransomware crypto extradited to USA 29-year-old Russian accused of laundering ransom payments on behalf of cybergangs targeting hospitals and health-care providers has been extradited from the Netherlands to the US to face charges.
Source: dailymaverick - 🏆 3. / 84 Read more »