วันเสาร์, สิงหาคม 13, 2022
หน้าแรกTechnologyFormer Theranos President Found Responsible of Fraud

Former Theranos President Found Responsible of Fraud

A California court on Thursday convicted Ramesh “Sunny” Balwani of 12 counts of fraud, in accordance to The New York Occasions. Balwani is the former president and main operating officer of Theranos, the now infamous blood-tests startup led by Elizabeth Holmes

The jury reportedly discovered Balwani guilty of 10 counts of wire fraud and two counts of conspiracy to commit wire fraud. In January, Holmes was convicted of a few counts of wire fraud and one depend of conspiracy to commit wire fraud.

The two Balwani and Holmes were billed with defrauding traders of Theranos. The two ended up accused of doing work with each other to obfuscate and manipulate assessments from the company’s device, termed the Edison. Theranos was the moment valued at much more than $9 billion but was shut down in 2018 following investigations into the fraudulent tactics. 

Balwani and Holmes are scheduled to acquire their sentences someday in September. Each depend of fraud carries a greatest penalty of 20 many years in prison. 

An attorney for Balwani didn’t instantly answer to a request for comment. 

RELATED ARTICLES

Most Popular

Recent Comments