Broken Love at Theranos May Be Tested in Criminal Fraud Case
- Elizabeth Holmes, ex-boyfriend Balwani face prisoner’s dilemma
- Romance presents ‘complicating factor’ in federal prosecution
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Former Theranos Inc. Chief Executive Officer Elizabeth Holmes may team up with her ex-boyfriend, the company’s former president, to fight criminal fraud charges. Or they may be foes.
Holmes and Ramesh “Sunny” Balwani confront a proverbial prisoner’s dilemma: stand together to fight prosecutors, or point fingers at each other. The challenge isn’t just whether to trust an ex’s loyalty, lawyers say. If one is offered a deal to help prosecutors, there’s still no guarantee they’ll avoid years in prison.