Free Republic

Ramesh "Sunny" Balwani, a former high-ranking executive at Theranos, was convicted of fraud Thursday for misleading investors about the financial health of the now-defunct health care startup. Balwani, who was convicted on all 12 counts of wire fraud and conspiracy to commit wire fraud, was president and chief operating officer of Theranos, a blood-testing company that claimed its technology could detect a multitude of diseases with just a few drops of a patient's blood. Balwani and the company was accused of defrauding investors and patients, in part by misrepresenting the efficacy of Theranos' product and lying about the company's finances....

After working at Theranos Inc. for eight months, Tyler Shultz decided he had seen enough. On April 11, 2014, he emailed company founder Elizabeth Holmes to complain that Theranos had doctored research and ignored failed quality-control checks. The reply was withering. Ms. Holmes forwarded the email to Theranos President Sunny Balwani, who belittled Mr. Shultz’s grasp of basic mathematics and his knowledge of laboratory science, and then took a swipe at his relationship with George Shultz, the former secretary of state and a Theranos director. “The only reason I have taken so much time away from work to address this...

IT ALL began with the best, if exceedingly ambitious, of intentions – to develop a machine that by a simple pinprick on a patient’s finger could detect any disease known to man. But it ended in the most tragic of circumstances, with the firm behind the invention crashing and a British scientist who had devoted himself to the project taking his own life. Now his widow has spoken out about the treatment he suffered before and after his death at the age of 67, accusing his employers of heartlessness.