Elizabeth Holmes’ co-defendant Balwani starts his criminal case at a ‘deficit’

It’s no surprise that Elizabeth Holmes’ co-defendant and former boyfriend, Ramesh “Sunny” Balwani, came out swinging against her Tuesday in opening statements to his criminal fraud trial, defense lawyers say.

“Sunny Balwani did not start Theranos. He did not control Theranos,” Balwani’s attorney, Steve Cazares, told jurors in opening arguments, The New York Times and other media organizations reported.

The description of Balwani’s role countered that of prosecutors, who


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