Former Theranos exec Sunny Balwani convicted of 12 counts of fraud

Former Theranos exec Sunny Balwani convicted of 12 counts of fraud

The decision by California jurors brings to close a 13-week trial of Elizabeth Holmes’s former lover and business partner

The former Theranos executive Sunny Balwani has been convicted on all 12 fraud charges brought against him for his role at the now-defunct blood testing company.

The decision closes the final chapter of Theranos’s legal saga, nearly eight years after serious concerns were raised about the startup’s blood testing technology. The conviction of Balwani, who at one point oversaw the Theranos lab and put millions of his own fortune into the company, also marks a more severe judgment than that of his former lover and business partner Elizabeth Holmes, who was convicted of only four of 11 of the same charges in January.

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