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Theranos Ex-President Balwani Found Guilty of Fraud

  • Prosecutors’ victory follows conviction of Elizabeth Holmes
  • Top executives at blood-testing startup faced same charges
Sunny Balwani

Sunny Balwani

Photographer: David Paul Morris/Bloomberg
Updated on

Ramesh “Sunny” Balwani, the former president of Theranos Inc. and ex-boyfriend of its founder Elizabeth Holmes, was found guilty of all charges against him for his role in the collapse of the $9 billion blood-testing startup.

The decision Thursday by a jury in federal court in San Jose, California, comes six months after Holmes was convicted of defrauding investors in the company, which promised to revolutionize the medical industry by using a few drops of blood to complete a wide array of health tests.