the fate of Ramesh “Sunny” Balwani The criminal fraud case is now in the hands of a dozen jurors after a federal judge handed him a case of criminal fraud, with instructions to decide whether the former Theranos Inc. has swayed investors and patients in a high-profile Silicon Valley saga. had cheated.
Testimony and arguments in white-collar case conclude after marathon four days of closing arguments, It took more than 11 hours for the jury to defend Mr. Balwani, who was the chief operating officer of long-dormant blood testing startup Theranos, acted in good faith and were honest in their dealings, that Theranos technology showed promise and that the government’s witnesses were unreliable or dishonest.