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Briefs: Elizabeth Holmes must go to prison, says US court; shares in Ever Glory close higher on first day of trading

The Edge Singapore
The Edge Singapore • 7 min read
Briefs: Elizabeth Holmes must go to prison, says US court; shares in Ever Glory close higher on first day of trading
Holmes was sentenced to over 11 years in prison last year for defrauding investors. Photo: Bloomberg
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Quoteworthy: "You can have a big dream and a big ambition, but what if you cannot survive?" –— Sea’s CEO Forrest Li in an interview two years ago. Today, Sea’s earnings dipped and missed estimates, while a turnaround looks fragile.

Theranos founder must go to prison, US court ruled

Elizabeth Holmes lost her final request to remain free on bail while she appealed her fraud conviction. The ruling on May 16 by the US Court of Appeals in San Francisco means the Theranos founder will soon have to report to prison to begin her 11 years and three months sentence after she was convicted by a jury last year of defrauding investors in the blood-testing start-up.

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