Elizabeth Holmes’ former partner found guilty in Theranos fraud case
, which promised to revolutionise the medical industry by using a few drops of blood to complete a wide array of health tests.
While Holmes was the public face of the company, prosecutors said Balwani played an integral role. Jurors weighing his fate heard some of the same damaging evidence that led to Holmes’s conviction, including emails and texts tying the pair together, both professionally and romantically.The panel also heard from a laboratory director, regulator and patient who didn’t testify against Holmes. That testimony was aimed at underscoring his familiarity with the failed blood tests.
As the verdict was read on Thursday after the jury deliberated for about five days, Balwani sat mostly still but was blinking frequently, looking side to side occasionally at his two lead lawyers.The jury found Balwani guilty of all the charges against him, including two counts of conspiring with Holmes, six counts of defrauding investors and four counts of patient fraud.
The government’s case against Balwani was also made simpler, Spektor said, because it didn’t have to navigate Holmes’s claims that he sexually and psychologically abused her. Prosecutors “didn’t have to worry about the sympathy theme on which Holmes ended her defence,” he said. Balwani denied the abuse claims Holmes made against him at her trial.
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