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Former Theranos executive Sunny Balwani found guilty on all 12 charges

Theranos founder Elizabeth Holmes was convicted earlier this year

Fox News illustration

By Breck Dumas


Former Theranos executive Ramesh “Sunny” Balwani was found guilty of 12 federal criminal fraud charges on Thursday, making him the second high-level leader of the now-defunct blood testing firm convicted of deceiving investors about its failed technology.

A California jury in San Jose agreed with prosecutors that Balwani, 58, took part in scamming investors in an elaborate scheme with disgraced Theranos founder and president Elizabeth Holmes, his former girlfriend.

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