{"id":1396138,"date":"2022-03-23T11:45:16","date_gmt":"2022-03-23T15:45:16","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1396138"},"modified":"2022-03-23T11:45:19","modified_gmt":"2022-03-23T15:45:19","slug":"former-theranos-president-points-fingers-back-at-elizabeth-holmes-during-fraud-trial","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-theranos-president-points-fingers-back-at-elizabeth-holmes-during-fraud-trial\/","title":{"rendered":"Former Theranos President Points Fingers Back At Elizabeth Holmes During Fraud Trial"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fformer-theranos-president-points-fingers-back-at-elizabeth-holmes-during-fraud-trial%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1396138&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/03\/GettyImages-1239240477.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>When Theranos founder Elizabeth Holmes was on trial for fraud, she claimed her ex-boyfriend, Theranos president and chief operating officer Ramesh \u201cSunny\u201d Balwani, abused her and was the reason she committed her crimes.<\/p>\n<p>Now that Balwani is on trial for fraud, he is putting the blame back on Holmes, with his attorney Steve Cazares saying during opening statements on Tuesday, \u201cElizabeth Holmes, not Sunny, founded Theranos and built Theranos.\u201d<\/p>\n<p>The Mercury News <a href=\"https:\/\/www.mercurynews.com\/2022\/03\/22\/elizabeth-holmes-case-ex-lover-balwani\/\">reported<\/a> that federal prosecutor Robert Leach said during his opening statements that Holmes and Balwani \u201cwere partners in everything, including their crimes.\u201d<\/p>\n<p>Balwani, 56, has been charged with a dozen counts of fraud stemming from his time at Theranos, which lied to investors about its technology for years, claiming that it could run hundreds of blood tests on a few drops of blood obtained by a finger prick when it could not.<\/p>\n<p>The outlet also reported that Leach \u201cfocused on Balwani when telling the jury about problems inside the company\u2019s laboratory, which Balwani purportedly managed.\u201d Leach told the jury that Balwani \u201cskewed the medical decisions patients were making and put them at risk.\u201d Leach invoked Holmes again when saying that she <em>and<\/em> Balwani were responsible for the fudged revenue predictions used to entice investors.<\/p>\n<p>\u201cThe defendant and Holmes knew the rosy falsehoods that they were telling investors were contrary to the reality within Theranos,\u201d Leach said, according to the outlet.<\/p>\n<p>For his part, Cazares implored jurors to set aside what they had read about Theranos in the media. \u201cThe headlines and the sensational stories about Theranos and Elizabeth Holmes have no place in this trial,\u201d he said.<\/p>\n<p>As The Daily Wire previously <a href=\"https:\/\/www.dailywire.com\/news\/elizabeth-holmes-found-guilty-on-four-counts-of-defrauding-theranos-investors\">reported<\/a>, Holmes was found guilty on four out of 11 charges of fraud relating to her failed blood-testing startup.<\/p>\n<p>\u201cShe was found not guilty on three additional charges concerning defrauding patients and one charge of conspiracy to defraud patients. The jury returned no verdict on three of the charges concerning defrauding investors, and Judge Edward Davila, who is presiding over the case, is expected to declare a mistrial on those charges,\u201d CNN <a href=\"https:\/\/amp.cnn.com\/cnn\/2022\/01\/03\/tech\/elizabeth-holmes-verdict\/index.html\">reported<\/a> after the verdict in January. \u201cThe charges Holmes was found guilty of include one count of conspiracy to defraud investors, as well as three wire fraud counts tied to specific investors. Holmes faces up to 20 years in prison as well as a fine of $250,000 plus restitution for each count.\u201d<\/p>\n<p>Holmes\u2019 trial lasted three months and saw more than 30 witnesses testify, including Holmes, who attempted to\u00a0<a href=\"https:\/\/www.dailywire.com\/news\/elizabeth-holmes-testimony-everyones-fault-but-hers\">pass the blame<\/a>\u00a0for the fraud onto everyone but herself.<\/p>\n<p>As The New York Times\u00a0<a href=\"https:\/\/www.nytimes.com\/live\/2021\/11\/19\/technology\/elizabeth-holmes-theranos-trial?campaign_id=9&#038;emc=edit_nn_20211121&#038;instance_id=45964&#038;nl=the-morning&#038;regi_id=168931662&#038;segment_id=75001&#038;te=1&#038;user_id=3197b7108b8b361e088b72b939e051d0\">reported<\/a>, Holmes\u2019 defense attorneys had \u201cargued that she was merely a young, na\u00efve, ambitious founder who relied too much on others who gave her bad advice\u201d and claimed she lacked experience and expertise. When Holmes actually testified, however, she presented herself the way she had done to investors when Theranos was still operating \u2013 as an expert about her company and its technology.<\/p>\n<p>As The Daily Wire previously\u00a0<a href=\"https:\/\/www.dailywire.com\/news\/elizabeth-holmes-plans-to-accuse-ex-boyfriend-of-abuse-blame-that-for-theranos-fraud\">reported<\/a>, Holmes claimed her company could provide rapid blood tests using a much smaller amount of blood than conventional tests. Holmes also tried to blame her ex-boyfriend and Theranos\u2019 ex-president Ramesh \u201cSunny\u201d Balwani of abuse. Text messages between the two, however,\u00a0<a href=\"https:\/\/www.dailywire.com\/news\/texts-between-theranos-founder-elizabeth-holmes-and-ex-boyfriend-cast-doubt-on-her-abuse-claims\">show a loving relationship,<\/a>\u00a0although Balwani had a reputation for treating employees poorly.<\/p>\n<p>In his documentary, \u201cThe Inventor,\u201d filmmaker Alex Gibney revealed that while Balwani was considered a tyrant to those who worked for him, he was deferential to Holmes and always appeared supportive of her and firmly in the number 2 position at Theranos.<\/p>\n<p>Other texts show Holmes and Balwani apparently discussing how to undermine the claims from two Theranos whistleblowers \u2014 Tyler Shultz and Erika Cheung. The two also discussed how they would respond to reporting from The Wall Street Journal\u2019s John Carreyrou, who months later published a damning article showing that Theranos\u2019 machines could not perform the blood tests they claimed. Carreyrou\u2019s reporting revealed that Theranos was lying about its capabilities and using traditional blood analyzers to run most of its blood tests.<\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same? <u><a href=\"https:\/\/www.dailywire.com\/subscribe\">Become a member now and join our mission.<\/a><\/u><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When Theranos founder Elizabeth Holmes was on trial for fraud, she claimed her ex-boyfriend, Theranos president and chief operating officer Ramesh \u201cSunny\u201d Balwani, abused her and was the reason she<\/p>\n","protected":false},"author":126,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1396138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1396138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/126"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1396138"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1396138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1396138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1396138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1396138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}