Theranos Exec Sunny Balwani Convicted in Federal Fraud Trial


The former boyfriend and business partner of Elizabeth Holmes has been found guilty of multiple counts of wire fraud in connection with Theranos, the failed blood testing company she founded.

Ramesh “Sunny” Bałwani was convicted by a federal jury hearing the case of all 12 counts he faced, according to multiple published reports.

Holmes founded Theranos in 2003 while she was a Stanford student. The company grew to be a Silicon Valley favorite before questions emerged over its blood testing technology and other business practices.

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