Elizabeth Holmes’ ex-boyfriend and Theranos’ former COO Sunny Balwani has been convicted of fraud.
of wire fraud and one count of conspiracy to commit wire fraud against Theranos investors. Each of the four counts carries a maximum sentence of 20 years in prison.
Holmes launched Theranos in 2003, with Balwani joining seven years later. The company was worth $9 billion and promised to change the U.S.’s approach to healthcare. The Covid-19 pandemic delayed trials for both Theranos executives. The two were indicted on 11 counts of fraud and conspiracy charges back in 2018.” of Holmes who dressed up like her, especially when she took the stand and testified for seven days on her own behalf.
Through tears, Holmes said Balwani had manipulated her and forced her to have sex with him. She claimed that despite having the power to fire him, she was under his influence, and her judgment was so clouded by the abuse that she was unable to think rationally.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sunny Balwani trial update: Former Theranos President found guilty on all counts in fraud caseA verdict has been reached in the trial of former Theranos President Sunny Balwani.
Read more »
Theranos Former President Ramesh ‘Sunny’ Balwani Found Guilty on All 12 Fraud CountsA federal jury convicted Ramesh ‘Sunny’ Balwani, the former president of Theranos and deputy to founder Elizabeth Holmes, on all 12 criminal charges that he helped conduct a yearslong fraud scheme
Read more »
Former Theranos executive Sunny Balwani found guilty on all 12 chargesEx-Theranos executive Ramesh 'Sunny' Balwani was found guilty on all 12 charges of defrauding investors and patients in his criminal fraud trial.
Read more »
Sunny Balwani trial update: Former Theranos President found guilty on all counts in fraud caseA verdict has been reached in the trial of former Theranos President Sunny Balwani.
Read more »
Former Theranos executive Sunny Balwani convicted in criminal fraud caseBREAKING: Former Theranos president Ramesh “Sunny” Balwani found guilty of defrauding investors and patients in connection with his blood-testing startup.
Read more »
Theranos Ex-CEO Sunny Balwani Found Guilty in All 12 Fraud Charges 6 Months After Founder Holmes' ConvictionThe jury in former Theranos executive Ramesh “Sunny” Balwani reached a verdict on Thursday.
Read more »