Elizabeth Holmes’ boyfriend will go on trial in Theranos Case
Elizabeth Holmes is a star entrepreneur whose case for deceiving investors at the start of her blood test has become one of Silicon Valley’s biggest movies since the launch of the iPhone. His verdict in January was a rare occasion in the history of bragging technology: The chief executive was criminally prosecuted for lying.
For many of her cases, Mrs. Holmes wanted to blame her deputy and her ex-boyfriend Ramesh Balwani for something wrong with his company, Theranos. Now Mr. Balwani, better known as Sunny, will have the opportunity to respond to his own fraudulent case. The jury selection began Wednesday at a federal court in San Jose, Calif., Where Ms.’s future is set to be decided. Holmes.
The first case, and the second one, promises a more thorough examination of the unusual relationship between a girl and an older man. Ms. Holmes and Mr. Balwani has a secret love affair that is also a professional, inspiring promise to improve health care for millions of people who put patients at risk. Their blood tests did not work, even if they thought new and better technology would save them from what they were saying without thinking.
Mr. Balwani, 57, is a former software developer who gained wealth during the late 1990s dot-com boom. He befriended Ms. Holmes while they were studying in China in the summer before her new year at Stanford University. Their love affair eventually led to him joining Theranos in 2009 as president and CEO.
She is an anti-star, lesser-known actress in a brilliant cover story about Ms. Holmes and Theranos. By all accounts, Mr. Balwani and Ms. Holmes, now 38, were the ones who ruled the start well. Few know that they are in a relationship.
“He was an expert of Oz, forcing investors into advertising, and he was the man behind the curtain working on the machine,” said Reed Kathrein, a San Francisco attorney who successfully defended Ms. . Holmes and Theranos sued in 2016 on behalf of the investors. He said he was confident the plaintiffs would show that “he knew he was lying and he never stopped.”
“He knows everything,” said Mr. Kathrein said.
Mr. Balwani’s case will be decided on a case-by-case basis. He faces the same twelve charges that Mrs. Holmes initially faced. (One count was dropped after a procedural error by the government.)
Ms. Holmes was convicted of four counts of cheating entrepreneurs and acquitted of four counts of cheating patients; the jury discontinued the remaining three investors. He will be convicted in the fall.
The consensus among legal experts following the case is that the successful government representing Ms. Holmes will give her encouragement in the case of Mr. Balwani.
“The government has had the opportunity to do it very quickly, so they will learn what works and what doesn’t,” said James Melendres, a former federal attorney representing corporate clients.
The plaintiffs, Mr. Balwani and his lawyers declined to comment. Through her lawyers, Mrs. Holmes declined to comment.
Although Ms. Holmes’ upbringing has been documented in many places, little is known about Mr. Balwani, including why he is called Sunny.
An experienced software developer, he was lucky enough to have a large company buy his startup immediately in the 2000 stock market, offering him about $ 40 million. He divorced, went back to school to earn NATIONAL and study computer science, and buy beautiful cars. (His Percence, headed by Karl Marx, was DASKPTL.) When he joined Theranos, he invested millions of dollars with him, his lawyers said.
At Theranos, he is known as an aspiring hacker who is increasingly popular with employees who will steal secret information that will lead to blood transfusions. In the case of journalist John Carreyrou, Mr. Balwani called the police to arrest an outgoing employee, explaining that the former employee had “stolen his heart.”
It is expected that Mr. Balwani would insist on his inexperience in biomedical devices, which are the basis of Theranos’ statement. Legal experts said it was unlikely he would testify. She is less likely to be sympathetic to the evidence than Ms. Holmes, a young mother who came to court holding her mother and her partner.
Ann Kim, a former attorney general representing government research institutes, said, “She did not see the optics in her favor.
When Ms. Holmes stood up in her defense, she tried to spread the word about her tragic fall, presenting murder charges of defamation against Mr. Balwani. He denied the allegations, and the text message released during the trial showed a relationship of many or more, especially as the company received pressure from archers and the media.
“All we have to do to answer lies is ridicule,” Ms. Holmes joked in a statement. Mr Balwani vowed to retaliate against his accusers: “We will take legal action if this is behind us.”
At the heart of the government’s pursuit of both defendants is the argument that they crossed the line through hype – as is often seen in Silicon Valley as breathing – into deception.
Ms. Holmes may have compromised again with the simplicity of her role model, Apple designer Steve Jobs. Witnesses at his trial testified that he convinced people that he would change the world. Entrepreneurs poured nearly $ 1 billion into Theranos.
Mr. Balwani, like many weak people, lacked such a gift. There is only one video of it available online, but it reveals its style.
In March 2014, while Theranos was turning on his fingerprint blood test system at Walgreens in Arizona, Mr. Balwani presented a presentation on “Healthcare Innovation” on the Arizona Health and Human Services Committee. She should not have done it in the first place – Ms. Holmes had to cancel – and she did not seem to be enjoying herself.
Mr Balwani told lawmakers the company was working on “something we believe is magic.” He spoke of a patient who was “sleepless.” When the man was to donate blood, the needle was inserted into his neck. However, at Theranos Hospital, “he has a small hand that connects to the body” and “we can measure it with our fingers.”
It is not explained how a person with no legs suddenly got a hand. Mr. Balwani has almost certainly forced lawmakers to prove that Theranos are a real magic wand.
They did not. Instead, they thanked him.
“I like to bring free trade to our health care system,” said state legislator Kelli Ward, a Republican, who said he is a family doctor.
(Senator Ward is now the president of the State Republican Party and is working hard to reverse the results of the local election in support of President Trump. ” , “he said in an email.)
Both the plaintiffs and the defendants have not submitted the final list of evidence for Mr. Balwani’s case. In December, the attorneys filed their submissions for the judges, including a list of initial evidence.
A handful of witnesses may have come from Holmes’ case for obvious reasons, including Ms. M’s mother. Holmes, Noel, and former state secretary Henry Kissinger, a member of Theranos Board. Mindy Mechanic, Holmes team’s expert witness for failed home pollution, was removed. The legal team of Mr. Balwani invites experts in interviewing, intelligence and SQL databases.
One can testify for the government to make a story. Ms. Holmes, however, is unlikely to testify, even though doing so could reduce her imprisonment.
“He looks like he’ll fight this until the end of the world,” said Jen Kennedy Park, a white lawyer.