Tue, 21-Oct-2025

Theranos exec Sunny Balwani convicted of fraud

Theranos

Ramesh Balwani was found guilty of defrauding investors as part of a scheme. Theranos once had a market value of $9 billion, but its blood testing technology was ineffective. He could spend up to 20 years behind bars and pay his victims millions in damages. Ramesh “Sunny” Balwani, a Silicon Valley executive, was found guilty … Read more

Sunny Balwani of Theranos is convicted of fraud by a U.S. jury

U.S. jury

A jury convicts former Theranos President Ramesh “Sunny” Balwani of defrauding investors and patients. The San Jose, California, jury deliberated for a little more than five days. Theranos founder Elizabeth Holmes was convicted on three counts of fraud in January. A U.S. jury on Thursday indicted previous Theranos Inc President Ramesh “Bright” Balwani of swindling … Read more