BREAKING: Former Theranos president Ramesh “Sunny” Balwani found guilty of defrauding investors and patients in connection with his blood-testing startup.
July 07, 2022, 2:20 PMRamesh Balwani of Theranos arrives for motion hearing, Nov. 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, Calif.A jury has convicted former Theranos president Ramesh “Sunny” Balwani of defrauding investors and patients in connection with his multi-billion-dollar blood-testing startup.
The feds originally charged Balwani and Holmes together. But their trials were later severed after Holmes revealed she may testify to abuse at the hands of Balwani. Balwani joined the company in 2009, guaranteeing a $10 million loan and quickly rising to the post of president and COO of Theranos. While his attorneys sought to distinguish his position in the company from the CEO, Holmes, prosecutors say he played an equal role in the fraud."I am responsible for everything at Theranos. All have been my decisions too," read a text message from Balwani to Holmes in July 2015, which Assistant U.S.
"Mr. Balwani is not a victim. He's a perpetrator of the fraud," the prosecutor, Schenk, said to wrap up his remarks.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
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 COO is guilty of federal fraudRamesh 'Sunny' Balwani, the former COO of failed blood testing startup Theranos and ex-boyfriend of founder Elizabeth Holmes, has been found guilty of defrauding investors and patients
Read more »
Report: Trump Thinks a 2024 Presidential Run Will Keep Him Out of PrisonTrump has reportedly told advisers that throwing his hat in the ring early would “strengthen his argument that…criminal investigations against him in New York and Georgia are politically motivated,” per The Guardian.
Read more »
Rapper who bragged in music video about getting rich from EDD fraud agrees to plea dealFontrell Antonio Baines, 33, aka 'Nuke Bizzle,' agreed to plead guilty one count of mail fraud and one count of unlawful possession of a firearm and ammunition by a convicted felon.
Read more »
Hollywood Hills rapper boasted about profiting from a fraud scheme — now he’ll plead guilty to fraudRapper Nuke Bizzle agreed to plead guilty to mail fraud and unlawful possession of a gun and ammunition by a convicted felon.
Read more »