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Theranos Founder Elizabeth Holmes to Report to Prison after Losing Appeal Bid

todayApril 12, 2023

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Elizabeth Holmes, the founder of Theranos, will have to report to prison at the end of April after losing her bid to remain free while she appeals her conviction for defrauding investors in her blood testing start-up. Holmes was sentenced to over 11 years in prison last year, and a federal judge has now ruled that she failed to prove her appeals process would lead to a reversal of her case. Holmes argued that she would raise “substantial questions” that could warrant a new trial and that she should remain free to care for her two young children. However, the judge said that Holmes had not proven her appeal would result in a new trial. Holmes was once hailed as the “next Steve Jobs” and was said to be the world’s youngest self-made billionaire, but her start-up fell apart in 2018 after it was revealed that its technology did not work. Her former business partner, Sunny Balwani, was sentenced to nearly 13 years in prison for fraud last year.

Written by: Relaks Radio

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Bank of England to issue new banknotes featuring King Charles in 2024

The Bank of England is producing new banknotes featuring the image of King Charles, which will replace damaged or worn older notes. The new notes, with the King's portrait as the only design change, will include denominations of £5, £10, £20, and £50. However, self-service tills and other machines need to recognize the new image, requiring a long build-up process. According to the Bank of England's chief cashier, Sarah John, the notes will not be issued until mid-2024 to ensure […]

todayApril 12, 2023

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