Balwani, Ramesh
Theranos Executive Ramesh Balwani Found Guilty of 12 Counts of Fraud
SAN JOSE, Calif. — Ramesh Balwani, a former top executive at Theranos, was found guilty on Thursday of 12 counts of fraud, in a verdict that was more severe than that of his co-conspirator, Elizabeth Holmes, and that solidified the failed blood-testing start-up as the ultimate Silicon Valley cautionary tale. Mr. Balwani and Ms. Holmes, […]
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Closing Statements Begin in Trial of Elizabeth Holmes’s Ex-Boyfriend
For months, Ramesh Balwani’s lawyers have tried to distinguish him from Elizabeth Holmes, his former girlfriend and business partner at the failed blood-testing company Theranos. Ms. Holmes was found guilty of defrauding the start-up’s investors in January. Mr. Balwani is seeking a different outcome in his own fraud trial. But on Tuesday, in closing statements […]
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Theranos Trial Starts for Ramesh Balwani, Elizabeth Holmes’s Ex-Partner
In hearings before the trial, lawyers from both sides agreed to refrain from discussing Ms. Holmes’s abuse allegations, deeming them prejudicial to the jury. Another wrinkle in getting started? Finding jurors who had somehow missed the wall-to-wall coverage of Ms. Holmes’s trial. Over four days, lawyers questioned more than 100 potential jurors, dismissing many who […]
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Elizabeth Holmes is set to be sentenced on Sept. 26.
Elizabeth Holmes, the Silicon Valley start-up founder convicted of fraud this month, will be sentenced on Sept. 26, according to a court filing on Wednesday. Ms. Holmes, who was found guilty on three counts of wire fraud and one count of conspiracy to commit wire fraud, faces a maximum sentence of 20 years in prison […]
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Elizabeth Holmes Trial Nears Finish as Closing Arguments End
On Thursday, Jeff Schenk, an assistant U.S. attorney and one of the lead prosecutors, summarized the government’s case simply: When Theranos was almost out of money, Ms. Holmes could have let it fail. But she chose to defraud investors instead, he said. “That choice was not only callous, it was criminal,” Mr. Schenk said. Ms. […]
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Elizabeth Holmes Begins Her Defense in Fraud Trial
SAN JOSE, Calif. — For the past 11 weeks, prosecutors revealed emails from desperate investors. They held up falsified documents side by side with the originals. They called dozens of witnesses who lobbed accusations of deceit and evasiveness. And on Friday, the person whom prosecutors have been making their case against — Elizabeth Holmes, the […]
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