Ramesh “Sunny” Balwani, the former president of Theranos Inc. and ex-boyfriend of its founder Elizabeth Holmes, was found guilty of all charges against him for his role in the collapse of the $9 billion blood-testing startup.
The decision Thursday by a jury in federal court in San Jose, California, comes six months after Holmes was convicted of defrauding investors in the company, which promised to revolutionize the medical industry by using a few drops of blood to complete a wide array of health tests.
Balwani faces as long as 20 years in prison when he’s sentenced, just as Holmes does. Neither are likely to get that many years, though some legal experts have said Holmes could face a decade or more behind bars as the mastermind of the scheme.
