San Jose, Calif.—A federal jury indicted Ramesh”Sunny “Balwani”Theranos Inc. former top lieutenant of the founder of Elizabeth Holmeson all 12 charges he helped maintain for a year Fraud scheme on blood test startup.
The verdict is the second conviction against Theranos leadership and comes six months after the jury Ms. Holmes found guilty of fraud, It marks another major victory for the US government, which brought a case against the pair in 2018. This brings us to a conclusion from Silicon Valley. Most Notorious Startup Implosion, In which nearly $1 billion of investor money evaporated after revelations that the company gave patients inaccurate blood-test results, including life-threatening ones, and Ms. Holmes and Mr. Balwani about its proprietary technology lied.