( July 7, 2025, 12:41 PM EDT) -- SAN JOSE, Calif. — Elizabeth A. Holmes, the founder and former CEO of defunct biotechnology startup Theranos Inc., “is ineligible for a sentence reduction because she personally orchestrated a fraud scheme that caused dozens of investors to invest over $800 million in the company she founded . . . based on false misrepresentations,” the government said in opposition to her motion asking a California federal court to reduce her sentence pursuant to an amendment to sentencing guidelines....