End of a chapter at Theranos: What's next for former top two executives
CNN
In January, Elizabeth Holmes became the rare Silicon Valley founder convicted of fraud stemming from her time as CEO of her failed blood-testing startup, Theranos. On Thursday, her ex-boyfriend and former second-in-command, Ramesh "Sunny" Balwani, was also found guilty of fraud by a separate jury.
Their back-to-back trials spanned nearly a year and mark the final chapter of a startup that rose to prominence, and a $9 billion valuation, with a promise to revolutionize blood testing only to become a cautionary tale for tech founders and companies.
Now, the anticipation turns to their sentencing hearings, which are slated to take place weeks apart from one another, with Holmes' scheduled for late September and Balwani's for mid-November.
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