The Daily Populous

Saturday November 12nd, 2022 evening edition

image for U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud

Nov 12 (Reuters) - Theranos founder Elizabeth Holmes should spend 15 years in prison and pay $800 million in restitution to investors defrauded in the blood testing start-up, U.S. prosecutors recommended late on Friday.

The Department of Justice recommendation, made in a court filing, came as Holmes prepares to be sentenced next week.

"Considering the extensiveness of Holmes' fraud... the sentencing of 180 months' imprisonment would reflect the seriousness of the offenses, provide for just punishment for the offenses, and deter Holmes and others," the prosecutors said.

Holmes earlier urged U.S. District Judge Edward Davila in San Jose, California not to send her to prison.

A jury convicted the 38-year-old on four counts of wire fraud and conspiracy in January.

Holmes founded Theranos in 2003 at the age of 19.

The company was once valued at $9 billion, and Forbes magazine estimated Holmes' net worth at $4.5 billion in 2015. »

Brazil supreme court ruling to reactivate Amazon Fund gives hope in fight to save rainforest

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Brazilian environmentalists have celebrated a timely victory after the country’s supreme court ruled for the reactivation of the Amazon Fund, a major weapon in the country’s fight against deforestation.

The fund was paralysed in 2019 when far-right president Jair Bolsonaro wound up two of its key committees, citing unspecified irregularities.

“The Amazon Fund is the biggest fund for the protection of forests ever created,” said Tasso Azevedo, one of its architects and now technical coordinator for the Climate Observatory, a Brazilian NGO. »

Democratic Sen. Mark Kelly re-elected in Arizona, defeating Republican Blake Masters

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Democratic Sen. Mark Kelly is the winner of the Arizona Senate race, NBC News projects, defeating Blake Masters, a Republican backed by former President Donald Trump.

“Thank you to the people of Arizona for re-electing me to the United States Senate,” Kelly said in a statement.

Kelly and Masters broke even with white voters but Kelly carried the state's large Latino electorate by 18 points, assuring his victory. »

‘Unconventional’ delivery of US airpower in Arctic tailored to serve notice to Russia

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We are intentionally trying to be provocative without being escalatory,” Special Operations Command Europe’s Lt. Col. Lawrence Melnicoff told Stars and Stripes ahead of Wednesday’s launch.

“We’re trying to deter Russian aggression, expansionist behavior, by showing enhanced capabilities of the allies.”.

They’re all part of U.S. European Command’s Atreus program, which aims to expand military options for allies. »