I thought it would be good to have a thread, I searched for another one, but no luck
Ramesh Balwani was found guilty on 12 counts of Fraud. Holmes was found guilty of 4 counts earlier, both are facing up to 20 years in prison.
https://globalnews.ca/news/8974148/t...medium=Twitter
Quote:
A jury on Thursday convicted former Theranos executive Ramesh “Sunny” Balwani of collaborating with disgraced Theranos CEO Elizabeth Holmes in a massive fraud involving the blood-testing company that once enthralled Silicon Valley.
 The 12 jurors found Balwani guilty on all 12 felony counts of defrauding both Theranos investors and the patients who relied on wildly unreliable blood tests that could have jeopardized their health.
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Quote:
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The dual convictions represent a resounding victory for federal prosecutors, who seized on the Theranos case as a rare opportunity to hold ambitious entrepreneurs accountable for engaging in technological hyperbole while pursuing fame and fortune. In the process, they hoped to discourage the practice of making bold and unproven promises about still-nascent products — a startup strategy known as “fake it until you make it.”
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