Podcast that chronicled the case against its founder Elizabeth Holmes, spoke with "Start Here," Friday following the conviction of Ramesh “Sunny” Balwani, the former president and COO of Theranos.
Sunny” Balwani, were first indicted together on a dozen federal fraud charges stemming from their time heading up the failed blood testing startup, both have been convicted by juries.
Balwani represented to investors that Theranos would dramatically increase the number of Wellness Centers within Walgreens stores even though Theranos’s
While employed with Theranos, Balwani worked for the company in several capacities, including as a member of the company’s board of directors, as its president, and as its chief operating officer.
The federal jury in San Jose on Thursday found Pakistan-born Balwani, 57, guilty of two counts of conspiracy and ten counts of wire fraud through a multimillion-dollar scheme.
U.S. Attorney’s Office concluded an investigation and a grand jury indicted the couple on several counts of wire fraud,
Balwani has been convicted on twelve counts related to fraud whereas Holmes was only found guilty on four of eleven counts.
the case will have a broader impact on the business world and how future start-ups present themselves to investors and customers, she said.