Elizabeth Holmes’ ex-boyfriend and Theranos’ former COO Sunny Balwani has been convicted of fraud.
of wire fraud and one count of conspiracy to commit wire fraud against Theranos investors. Each of the four counts carries a maximum sentence of 20 years in prison.
Holmes launched Theranos in 2003, with Balwani joining seven years later. The company was worth $9 billion and promised to change the U.S.’s approach to healthcare. The Covid-19 pandemic delayed trials for both Theranos executives. The two were indicted on 11 counts of fraud and conspiracy charges back in 2018.” of Holmes who dressed up like her, especially when she took the stand and testified for seven days on her own behalf.
Through tears, Holmes said Balwani had manipulated her and forced her to have sex with him. She claimed that despite having the power to fire him, she was under his influence, and her judgment was so clouded by the abuse that she was unable to think rationally.
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