Ramesh “Sunny” Balwani, the former president of theranos Inc. and ex-boyfriend of its founder Elizabeth Holmes, was found guilty of all charges against him for his role in the collapse of the $9 billion blood-testing startup. Moneyweb Theranos Fraud
Ramesh “Sunny” Balwani, the former president of Theranos Inc. and ex-boyfriend of its founder Elizabeth Holmes, was found guilty of all charges against him for his role in the collapse of the $9 billion blood-testing startup.
Seth Kretzer, a criminal defense lawyer not involved in the case, said even though Holmes was only found guilty of four counts, she probably has “more sentencing exposure” than Balwani because she took the stand in her own defense and he didn’t. “The prosecutors will argue she ‘obstructed justice’ by testifying falsely,” he said. Holmes is asking for her conviction to be set aside by the judge who presided over her trial. Her sentencing is set for Sept. 26.
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