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
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
SAN FRANCISCO: Fraud convictions this week for Theranos founder Elizabeth Holmes will send a chill through Silicon Valley entrepreneurs, insiders say, now they know there is the threat of jail for airy promises that come to nothing. But with billions of dollars washing around the tech industry in search of the next big thing, the … Read more
