Business Today TheFoxPosts.com

Disgraced Theranos CEO Elizabeth Holmes has been rebuffed in her attempt to stay out of federal prison while she appeals her conviction for the fraud she committed while overseeing a blood-testing scam that exposed Silicon Valley’s dark side Disgraced Theranos CEO Elizabeth Holmes has been rebuffed in her attempt to stay out of federal prison while she appeals her conviction for the fraud she committed while overseeing a blood-testing scam that exposed Silicon Valley’s dark side. In an 11-page ruling issued late Monday, U.S. District Judge Edward Davila concluded there wasn't compelling enough evidence to allow Holmes to remain free on bail while her lawyers try to persuade an appeals court that alleged misconduct during her four-month trial led to an unjust verdict. The judge’s decision means Holmes, 39, will have to surrender to authorities April 27 to start the more than 11-year prison sentence that Davila imposed in November. The punishment came 10 months after a jury found h...

When Scott Steffes leaves Michigan’s Parnall Correctional Facility this month he expects to walk into a new life with a new career that will take him upward of 25 feet above ground JACKSON, Mich. -- When Scott Steffes leaves Michigan's Parnall Correctional Facility this month he anticipates entering a new career that will take him upward of 25 feet (7.6 meters) above ground. Steffes, 37, is one of more than a dozen prisoners learning how to climb trees and trim branches around power lines as part of DTE Energy's $70 million plan to improve the utility's electric infrastructure. “This has helped my situation in getting prepared for the outside world,” Steffes said, minutes after lowering himself by rope from wooden posts in one of the yards outside Parnall’s Vocational Village, 78 miles (125 kilometers) west of Detroit. Prisoners who participate in the tree-trimming program at Vocational Village receive a daily stipend of between 94 cents and $1.31. Steffes has served four...