A jury on Thursday convicted former Theranos government Ramesh “Sunny” Balwani of collaborating with disgraced Theranos CEO Elizabeth Holmes in
The 12 jurors on all 12 felony counts of defrauding each Theranos buyers and the sufferers who relied on wildly unreliable blood assessments that would have jeopardized their well being.
Balwani sat expressionless because the verdicts have been learn.
The result places Balwani and Holmes in related conditions. Holmes was
Each Holmes, 38, and Balwani, 57, withstand 20 years in jail.
Holmes is scheduled to be sentenced in late September. The date of Balwani’s sentencing is anticipated to be set within the coming days.
The twin convictions characterize a convincing victory for federal prosecutors, who seized on the Theranos case as a uncommon alternative to carry formidable entrepreneurs accountable for partaking in technological hyperbole whereas pursuing fame and fortune. Within the course of, they hoped to discourage the apply of constructing daring and unproven guarantees about still-nascent merchandise — a startup technique generally known as “faux it till you make it.”
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