guilty

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…

A West Coast rapper who boasted about committing unemployment fraud has agreed to a plea deal.According to the Department of Justice, 33-year-old Fontrell Antonio Baines, aka Nuke Bizzle, has confessed to illegally obtaining COVID relief funds in the summer of 2020. Baines is accused of bragging about the scheme in the music video for “EDD”—a reference to the Employment Development Department debit cards that are issued through the mail.Prosecutors say the defendant and his associates exploited Pandemic Unemployment…

One of the men named in the Fetty Wap federal drug case accepted a guilty plea that will see him face between five years to life in prison.New Jersey corrections officer Anthony Cyntje, one of the seven individuals named in the drug case, filed his plea deal on June 30, 2022. The 23-year-old pleaded guilty to conspiracy to distribute controlled substances and using a weapon in connection with drug trafficking charges, and had been an officer for less than a year when he was first arrested. According to the plea form, the…

On Wednesday, a jury delivered its guilty verdict in the trial of Eric R. Holder Jr., the man accused of murdering Nipsey Hussle outside the rapper’s clothing store in Los Angeles on March 31, 2019.Holder was named as the suspect in the murder of Nipsey in the days following his death. He shot at  the 33-year-old at least 10 times in the parking lot of The Marathon Clothing. The newly deemed guilty Holder was seen speaking with Nip prior to the shooting and is believed to have returned to the scene later with a…

FilmGuilt can be borne in different ways: with an open wince of shame or buried so far under the surface that the person concerned doesn’t even realise it is there. That second scenario is the stuff of the haunting morality tale Mr Klein. Directed by the great Joseph Losey, the star is Alain Delon, cast as a profiteer in Nazi-occupied Paris. His business is buying up the possessions of Jewish Parisians desperate for the means to flee the city. The prices he offers are cruelly low – and for Mr Klein, business is good. But…

Photo: SAM YEH/AFP (Getty Images)The man who once in charge of making sure Apple’s employees stayed on the straight and narrow is going to jail for doing the thing he told them never to do with stock trades: game the system.Gene Levoff, who worked as Apple’s head of corporate law for most of the 2010s, admitted to usinghis position to rack up over $600,000 in ill-gotten gains on more than $14 million in trades from 2011 to 2016. He pleaded guilty late Thursday to six charges of securities fraud for using his knowledge of…