Elizabeth Holmes looms over trial of former lover, business partner
Claims about its blood-testing technology helped Theranos raise nearly $1 billion before the company collapsed.
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Claims about its blood-testing technology helped Theranos raise nearly $1 billion before the company collapsed.
Opening statements from the prosecution and defense suggest the trial will hinge on Balwani's closeness to Holmes.
Prosecutors told a California federal jury during openings in Ramesh "Sunny" Balwani's criminal fraud trial Tuesday that the former Theranos executive conspired with convicted ex-CEO Elizabeth Holmes to defraud investors and patients out of millions, while Balwani's counsel said Theranos was Holmes' company and she was in charge.
Although Elizabeth Holmes was absent from the San Jose courtroom where her ex-boyfriend and Theranos’ former chief operating officer Ramesh “Sunny” Balwani’s felony-fraud trial started Tuesday — and where she spent many months on her way to her January fraud conviction — the founder of the failed bl
Although not in the courtroom, Theranos CEO Elizabeth Holmes loomed over the opening day of a trial that will determine whether her jilted lover and former business partner Ramesh “Sunny” Balwani was her partner in crime