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Elizabeth Holmes ex-boyfriend convicted of Theranos fraud

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AFP

San Francisco (AFP) – A top aide and ex-boyfriend of fallen Theranos founder Elizabeth Holmes was convicted on Thursday of defrauding investors and patients at the failed blood testing startup. Jurors found Ramesh “Sunny” Balwani guilty on all 12 fraud counts charged by federal prosecutors, a spokesperson at the courthouse in the Silicon Valley city of San Jose told AFP. He is to be sentenced on November 15 and faces the potential for prison time as well as cash fines. The judge set his bail at $750,000 to insure he shows up for sentencing. Balwani was tried separately from one-time US biotech…

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