The judge who presided over the criminal fraud trials of Theranos founder Elizabeth Holmes and her co-defendant and one-time boyfriend, Theranos COO and president Ramesh “Sunny” Balwani, sentenced Balwani on Wednesday to nearly 13 years in prison plus three years of probation. “They misled investors, they misled patients,” U.S. District Court Judge Edward Davila said during Balwani’s sentencing hearing in San Jose, California, according to NBC News. “I think it’s just that enduring… Source link
Read More »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 Source link
Read More »