United States of America v. Ramesh "Sunnty" Balwani and Elizabeth A. Homes

San Francisco, California criminal defense lawyers represented the Defendants charge with fraud.

Elizabeth Holmes’s and Ranesh “Sunny” Balwani’s defrauding investors out of $452 by lying about Theranos’s blood-testing technology.

The Indictment further alleged that Holmes and Balwani devised a scheme to defraud patients through advertisements and marketing materials boasting about the accuracy, cost, and reliability of Theranos’s blood testing services. Multiple patients testified at the trials. One patient testified that an HIV test she took through Theranos came back positive, but two subsequent tests showed that she was in fact negative. Another patient testified that she received incorrect results from a Theranos blood test about her pregnancy. The evidence linked Balwani to the transmission of these inaccurate results, as well as the purchase of advertisements for Theranos Wellness Centers in Arizona.

The Defendants were convicted.

Affirmed