07 jul, 2022

Sunny Balwani found guilty of defrauding Theranos investors and patients

07 jul, 2022

Ramesh Balwani, the former business partner and romantic interest of Elizabeth Holmes, defrauded investors and patients of the blood testing company Theranos, a jury found today

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07 jul, 2022

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Balwani, who goes by Sunny, confronted 10 counts of wire extortion and two counts of intrigue to commit wire misrepresentation. 

07 jul, 2022

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Holmes was sentenced for four includes of misrepresentation against financial backers in January following a months-in length preliminary.

07 jul, 2022

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Balwani joined Theranos in 2009 as president and head working official. He additionally directed the organization's labs. 

07 jul, 2022

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Theranos vowed to overturn the clinical testing industry with a machine that could run many blood tests on a solitary drop of blood.

07 jul, 2022

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The Wall Street Journal in 2015 uncovered that the tech couldn't do what it guaranteed, and the organization went under examination by government controllers.

07 jul, 2022

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Balwani and Holmes were initially accused of extortion together, however a government judge isolated their preliminaries in 2020 after Holmes claimed 

07 jul, 2022

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 She affirmed about those allegations during her preliminary and endeavored to move fault for the issues at Theranos onto him. At Balwani's preliminary, 

07 jul, 2022

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 examiners said he likewise assumed a huge part in pursuing basic choices at the organization. Alongside other proof, they brought up an instant message from Balwani to Holmes

07 jul, 2022

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Holmes will be sentenced in September, and Balwani will be sentenced in November.