A former Theranos project manager testified in former executive Ramesh "Sunny" Balwani's criminal fraud trial Friday that Balwani was in charge of various aspects of the blood-testing startup, including its software development and clinical lab, and Balwani gave him Theranos' financial projections to share with investors.
A California federal judge presiding over Ramesh "Sunny" Balwani's criminal fraud trial refused Wednesday to exclude evidence that Theranos played up its deals with the U.S. military, which ultimately went nowhere, finding that the evidence is "inextricably entwined" with the overall alleged scheme.
Live Updates: Elizabeth Holmes Found Guilty - The New York Times nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.
Elizabeth Holmes has been found guilty of defrauding investors as founder and CEO of Theranos. After four months of court proceedings and seven days of deliberations, the jury has reached a verdict that will have lasting implications in Silicon Valley and beyond. The former youngest and wealthiest female self-made billionaire was tried for two counts […]