A jury convicted former Theranos executive Ramesh “Sunny” Balwani of collaborating with disgraced Theranos CEO Elizabeth Holmes in a massive fraud involving the blood-testing company that once enthralled Silicon Valley. — The Associated Press
SAN JOSE, Calif. — A jury on Thursday convicted former Theranos executive Ramesh “Sunny” Balwani of collaborating with disgraced Theranos CEO Elizabeth Holmes in a massive fraud involving the blood-testing company that once enthralled Silicon Valley.
The outcome puts Balwani and Holmes in similar situations. Holmes was convicted on four counts of investor fraud and conspiracy earlier this year. During that trial, Holmes tearfully accused Balwani of sexually and emotionally abusing her while the two were romantically involved. An attorney for Balwani has vehemently denied those charges.After the verdicts, U.S. District Judge Edward Davila raised Balwani’s bail to $750,000 from $500,000 and set Nov. 15 as his sentencing date.
While Holmes insinuated during her trial that Balwani manipulated her into making poor choices, Balwani’s lawyers explicitly sought to shift all the blame for any misconduct squarely on Holmes. After committing about $15 million of his own money to bolster Theranos and then becoming the company’s chief operating officer in 2010, Balwani eventually oversaw the blood-testing lab that was delivering the inaccurate results and supervised the Walgreen’s deal. That crucial detail may have influenced the jury to convict him of defrauding patients while another jury acquitted Holmes on the same charges.
“The reason he didn’t testify is probably because he knows he doesn’t have Elizabeth’s charisma,” said Jill Huntley Taylor, a longtime jury consultant who also assists with trial strategy.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Former Theranos executive Sunny Balwani convicted in criminal fraud caseBREAKING: Former Theranos president Ramesh “Sunny” Balwani found guilty of defrauding investors and patients in connection with his blood-testing startup.
Les mer »
Theranos Ex-CEO Sunny Balwani Found Guilty in All 12 Fraud Charges 6 Months After Founder Holmes' ConvictionThe jury in former Theranos executive Ramesh “Sunny” Balwani reached a verdict on Thursday.
Les mer »
Former Theranos COO Sunny Balwani Found Guilty on 12 Counts in FraudElizabeth Holmes’ ex-boyfriend and Theranos’ former COO Sunny Balwani has been convicted of fraud.
Les mer »
Sunny Balwani convicted in Theranos fraud trialSunny Balwani, a former executive at Theranos, was convicted on federal fraud and conspiracy charges on Thursday stemming from his leadership of the Silicon Valley start-up that crashed spectacularly.
Les mer »
Theranos Former President Ramesh ‘Sunny’ Balwani Found Guilty on All 12 Fraud CountsA federal jury convicted Ramesh ‘Sunny’ Balwani, the former president of Theranos and deputy to founder Elizabeth Holmes, on all 12 criminal charges that he helped conduct a yearslong fraud scheme
Les mer »