Sunny Balwani's conviction highlights individual accountability in fraudulent schemes.
Contrasting outcomes between Balwani's and Holmes' trials raise questions about shared responsibility in fraud cases.
Deep dives
Conviction of Sunny Belwani in Fraud Case
Sunny Belwani was convicted of 12 counts of criminal fraud in one of the biggest medical fraud cases in recent history. The jury rejected his excuse that the downfall of the blood testing company, Theranos, was due to Elizabeth Holmes. Both Belwani and Holmes were accused of defrauding patients and investors with false claims about their blood testing technology.
Contrast in Trial Outcomes Between Elizabeth Holmes and Sunny Belwani
While Sunny Belwani was convicted on all 12 counts of fraud, Elizabeth Holmes was only convicted on four counts, despite similar accusations. The trials revealed contrasting outcomes regarding conspiring to defraud patients and investors. Belwani's trial highlighted text messages mentioning his responsibility at Theranos, influencing the jury's perception. The cases raised questions about shared accountability versus individual culpability in the fraudulent schemes.
Rebecca Jarvis sits down with Brad Mielke, host of ABC News’ “Start Here” podcast to talk about the conviction of former Theranos president Ramesh “Sunny” Balwani. Follow “Start Here” on Apple Podcasts (https://apple.co/2maaMIF), Spotify (https://spoti.fi/3nNbcBC), or wherever you listen to get the day’s top headlines every morning.