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Theranos exec Sunny Balwani convicted of fraud
Source: BBC
Theranos exec Sunny Balwani convicted of fraud
7 July 2022
Silicon Valley executive Ramesh "Sunny" Balwani has been found guilty of deceiving investors as part of a plot with ex-girlfriend Elizabeth Holmes.
He falsely and repeatedly claimed that their company, Theranos, had a device that could detect hundreds of diseases with a few drops of blood.
Holmes was found guilty at a separate trial in January where she accused Balwani of abuse - which he denies.
Both Holmes, 38, and Balwani, 57, will be sentenced by a judge in the autumn.
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Read more: https://www.bbc.com/news/world-us-canada-61902378
Balwani's company was once worth $9bn (£7.5bn), but was based on blood testing technology that did not work (Reuters)