Home Education Theranos’ Ramesh “Sunny” Balwani found guilty on all 12 counts of fraud

Theranos’ Ramesh “Sunny” Balwani found guilty on all 12 counts of fraud

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SAN JOSE, CA. Federal jury found Ramesh guilty “Sunny” Balvaniformer senior lieutenant of the founder of Theranos Inc Elizabeth Holmeson all 12 charges he helped perpetuate within a year blood test launch fraud scheme.

The verdict is the second against Theranos management and comes six months after a jury trial found Mrs. Holmes guilty of fraud; it provides another major victory for the US government, which launched a case against the couple in 2018. This leads to the completion of one of the Silicon Valley the most famous startup failures, which saw almost $1 billion of investors evaporate after it was discovered that the company had given patients inaccurate blood test results, including for life-threatening conditions, and that Ms. Holmes and Mr. Balwani had lied about their proprietary technology.

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