Former Theranos COO Sunny Balwani
The judge finds guilty former Theranos chairman Ramesh "Sunny" Balwani of misleading patients and investors in his multibillion-dollar blood-testing setup.
On Thursday, 7 female and5 male jurors found that Balwani misled both patients and investors. The bench of juries fine him ten counts of wire scam and 2 counts of conspiracy to commit wire scam.
Holmes, who was also facing the similar charges as Barwani, was find guilty of 4 counts of scam in January and is awaiting punishing in September.
Holmes was just sentenced of investor-related allegations, but the judge also discovered that Balwani also misled the patient.
Balwani, the former president and COO of a failed blood testing startup, was accused 4 years ago of misleading patients and investors about founder and former CEO Holmes.
Their trial was stayed after Holmes' legal team outlined plans in a legal document to pursue their connection as part of their defense.
When his fate was read, Barwani showed little emotion. After that, he easily turned to a small support system at court. The trial took place about six months after the conclusion of the Holmes trial.
Balwani joined the company in 2009, raised a $10 million loan, and soon became President and COO of Theranos.
His lawyer attempted to distinct his position at the company from CEO Sherlock Holmes, but prosecuting attorney say he performed the same role in the scam.