Sunny Balwani Found Guilty Of Defrauding

07 jul, 2022

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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 [{ "selector": ".lnkbb-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }, { "selector": ".brbem-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }, { "selector": ".kxckn-a", "duration": "500ms", "fill": "forwards", "delay": "1250ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

07 jul, 2022

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07 jul, 2022

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07 jul, 2022

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07 jul, 2022

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07 jul, 2022

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07 jul, 2022

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07 jul, 2022

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07 jul, 2022

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07 jul, 2022

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07 jul, 2022

Sunny Balwani found guilty of defrauding Theranos investors and patients

07 jul, 2022

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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.