The federal case against Ramesh 'Sunny' Balwani, a former Theranos executive accused of defrauding investors and patients, is now in the hands of a jury.
June 24, 2022, 4:39 PMRamesh Balwani of Theranos arrives for motion hearing, Nov. 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, Calif., a former Theranos executive accused of defrauding investors and patients, is now in the hands of a jury.
Money poured in, but the miniature blood-testing device, dubbed the "Edison," could never run more than 12 tests, government attorneys said. "Of course [Balwani] had a hand in making the decisions at Theranos," defense attorney Jeff Coopersmith said during his closing argument.But, Coopersmith, said in meetings with investors and others, "everyone was listening to Elizabeth Holmes." The company was her vision, he added, and Balwani had bought in.
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