balwani
San Francisco (AFP) - A top aide and ex-boyfriend of fallen Theranos founder Elizabeth Holmes was convicted on Thursday of defrauding investors and patients at the failed blood testing startup. Jurors found Ramesh "Sunny" Balwani guilty on all 12 fraud counts charged by federal prosecutors, a spokesperson at the courthouse in the Silicon Valley city of San Jose told AFP. He is to be sentenced on November 15 and faces the potential for prison time as well as cash fines. The judge set his bail at $750,000 to insure he shows up for sentencing. Balwani was tried separately from one-time US biotech...
AFP
San José (United States) (AFP) - A top aide and ex-boyfriend of fallen Theranos founder Elizabeth Holmes went on trial Tuesday in California, with prosecution and defense clashing on allegations Ramesh "Sunny" Balwani helped perpetrate massive fraud at the startup. Holmes was convicted in January of cheating investors in the blood testing company once hailed as revolutionary and valued in the billions of dollars, but which collapsed under claims its technology did not work as promised. US prosecutor Robert Leach told jurors in a federal courthouse in San Jose, the heart of Silicon Valley, that...
AFP
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