Balwani

SAN JOSE, Calif.—A federal jury convicted Ramesh “ Sunny” Balwani, the former top lieutenant to Theranos Inc. founder Elizabeth Holmes, on all 12 charges that he helped perpetuate a yearslong fraud scheme at the blood-testing startup.The verdict is the second conviction against Theranos leadership and comes six months after a jury found Ms. Holmes guilty of fraud; it secures another major victory for the U.S. government, which brought the case against the pair…

Sunny Balwani arrives at a federal court in San Jose, California on March 16, 2022.Image: Justin Sullivan (Getty Images)What could’ve gone wrong when 19-year-old Stanford dropout Elizabeth Holmes founded blood-testing company Theranos in 2003? Apparently everything, including Theranos ex-president and former COO Ramesh “Sunny” Balwani being convicted of fraud in a federal court earlier today.Theranos promised a technology like no other: A medical device that could run countless tests using a single drop of patient blood.…

SAN JOSE, Calif.—A federal jury convicted Ramesh “ Sunny” Balwani, the former top lieutenant to Theranos Inc. founder Elizabeth Holmes, on all 12 charges that he helped perpetuate a yearslong fraud scheme at the blood-testing startup.The verdict is the second conviction against Theranos leadership and comes six months after a jury found Ms. Holmes guilty of fraud, securing another major victory for the U.S. government, which brought the case against the pair in…

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. Balwani, who goes by Sunny, faced 10 counts of wire fraud and two counts of conspiracy to commit wire fraud. He was found guilty of all counts. Holmes was convicted of four counts of fraud against investors in January after a months-long trial. She was found not guilty on charges of defrauding patients. Balwani joined Theranos in 2009. He’d…

Ramesh “Sunny” Balwani, Theranos’ former chief operating officer, has been found guilty of all charges in his criminal trial. Balwani, whose trial began in March, was charged with ten counts of wire fraud and two counts of conspiracy to commit wire fraud. He could face up to 20 years in prison for defrauding investors and Theranos patients. The verdict comes nearly six months after Elizabeth Holmes was of defrauding Theranos investors. She also faces up to 20 years in prison, but hasn’t yet been sentenced. During her…

Prosecutors on Friday rested their case against Ramesh “Sunny” Balwani— the top deputy and close confidant to Theranos Inc. founder Elizabeth Holmes —as the government seeks another fraud conviction against the leaders of the defunct blood-testing startup. Over nine weeks that included testimony from 24 witnesses in San Jose, Calif., prosecutors sought to convince a jury that Mr. Balwani conspired with Ms. Holmes to defraud investors and patients about the startup’s…