Sunny Balwani Was Convicted Guilty of All 12 Fraud Allegations Brought Against Him

Understand the full story behind Sunny Balwani Was Convicted Guilty of All 12 Fraud Allegations Brought Against Him in our detailed breakdown.

Balwani was the second-highest-ranking employee of Theranos. The firm was started by Holmes. He was in charge of the day-to-day operations. In 2003, he met Holmes in Beijing when both were undergraduates at Stanford. He was 37 years old, and Holmes was 19 years old. They were also said to be in a love connection.

Earlier in the trial, Prosecutor Robert Leach stated:

“Ms Holmes and Mr Balwani collaborated on almost everything.”

At Theranos, Holmes was the company’s face, but Balwani oversaw everything. He made all of the decisions and attended all of the investor meetings. He was one of the company’s first investors, putting up $15 million during its early days.