Category: Trucking News

Judge jails ex-Trump campaign chair Manafort ahead of trial

Judge jails ex-Trump campaign chair Manafort ahead of trial

Former Trump campaign chairman Paul Manafort was jailed Friday after a federal judge revoked his house arrest over allegations of witness tampering in special counsel Robert Mueller's investigation. The order by U.S. District Judge Amy Berman Jackson adds to the already intense pressure on President Donald Trump's former top campaign aide in the special counsel's probe of Russian interference in the 2016 election campaign and the possible coordination with Trump aides. Manafort, who is 69, now loses the relative freedom he enjoyed while preparing for two criminal trials, and he faces the possibility, if tried and convicted, of spending the rest of his life in prison.


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Theranos founder Elizabeth Holmes has been charged with wire fraud — here's how much jail time she could face

Theranos founder Elizabeth Holmes and former Theranos president Sunny Balwani have been charged with nine counts of wire fraud and two counts of conspiracy to commit wire fraud. The charges stem from allegations that the two engaged in a scheme to defraud investors and a separate scheme to defraud doctors and patients while at the blood-testing company, the Department of Justice said Friday.


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The mysterious story of former Theranos president Sunny Balwani, who former employees saw as an 'enforcer' and now faces criminal charges of wire fraud

The Department of Justice just charged Theranos founder Elizabeth Holmes and former Theranos president Sunny Balwani with nine counts of wire fraud and two counts of conspiracy to commit wire fraud. During the rise and fall of Theranos, Balwani stayed mainly out of the spotlight.


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Theranos Founder Holmes Is Out as CEO of Scandal-Ridden Startup

Elizabeth Holmes, who founded blood-testing company Theranos Inc. only to watch it unravel amid revelations that her main product was a fraud, has stepped down as chief executive officer. After the testing device that Holmes claimed would be able run hundreds of medical tests on a single drop of blood was shown not to work, Holmes was barred from running a clinical company by U.S. regulators, was sued by investors, and the company let go many of its employees. Holmes will keep her role as chair of the board, Theranos said in a statement Friday.


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Boeing creates one-stop shop for jets and services in Airbus battle

Boeing creates one-stop shop for jets and services in Airbus battle

Boeing (BA.N) has reorganized its sales operations as part of a push into services that has helped it take a lead over rival jet maker Airbus (AIR.PA) this year. Boeing set up a standalone division in 2017 to build a $50 billion business in services for civil and defense aircraft. Now sales of jetliner services have been brought under the same umbrella as plane sales, headed by senior vice president Ihssane Mounir, Boeing Co's overall commercial sales chief.


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