Ramesh “Sunny” Balwani, the former president of Theranos and ex-boyfriend of its founder Elizabeth Holmes, was found guilty of fraud
While Holmes was the public face of the company, prosecutors said Balwani played an integral role. Jurors weighing his fate heard some of the same damaging evidence that led to Holmes’s conviction, including emails and texts tying the pair together, both professionally and romantically.
The jury found Balwani guilty of all the charges against him, including two counts of conspiring with Holmes, six counts of defrauding investors and four counts of patient fraud. The verdict against Holmes was mixed, with jurors acquitting her of the patient fraud counts and unable to reach a decision on some of the investor fraud counts.
The government’s case against Balwani was also made simpler, Spektor said, because it didn’t have to navigate Holmes’s claims that he sexually and psychologically abused her. Prosecutors “didn’t have to worry about the sympathy theme on which Holmes ended her defense,” he said. Balwani denied the abuse claims Holmes made against him at her trial.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gangsters who killed Kenny Reilly in Glasgow's Maryhill appeal convictionFour gangsters who carried out a brutal cold-blooded hit on a man in a city street are appealing their convictions for murder.
Read more »
Rapist preyed on teenager in taxi rank after night out in Barnsley and promised to find her friendsA rapist who preyed on a 19-year-old clubber in a taxi rank after a night out in Barnsley and told her he would help her find her friends has been jailed
Read more »
Ghislaine Maxwell files appeal against sex trafficking convictionThe 60-year-old was found guilty of luring young girls to massage rooms for disgraced financier Jeffrey Epstein to molest between 1994 and 2004.
Read more »