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In opening statements Tuesday, a federal prosecutor depicted Ramesh 'Sunny' Balwani as an instrumental accomplice who helped Theranos CEO Elizabeth Holmes pull off a huge scam tied to Theranos' blood-testing technology.
Claims about its blood-testing technology helped Theranos raise nearly $1 billion before the company collapsed.
Ramesh “Sunny” Balwani, former president of Theranos Inc., was one-half of a business duo that lied to cheat investors and patients out of money, a government prosecutor told a jury Tuesday as the second criminal-fraud trial involving the defunct blood-testing company got under way.
Prosecutors told a California federal judge Tuesday that they expect their case-in-chief against former Theranos executive Ramesh "Sunny" Balwani to last 13 weeks, or just as long as the fraud trial of convicted former CEO Elizabeth Holmes.
This venture capitalist has long represented the establishment of high finance. Now he’s in Singapore and helping ignite a blockchain revolution.