Sunday, 5th February 2023
<To guardian.ng
Search

Former Theranos executive sentenced to 13 years in prison for fraud

By France24
08 December 2022   |   1:43 pm
Ramesh "Sunny" Balwani, the right-hand man and ex-boyfriend of company founder Elizabeth Holmes, is planning to appeal an almost 13-year prison sentence for fraud. Prosecutors argued he played an essential role in defrauding investors of $900 million. Theranos falsely claimed it could run blood tests with a single prick of a finger.

Related

4 Sep
The sentence adds to the prison time the former leader is already serving following a number of other convictions, including corruption. The latest ruling could see her party disbanded ahead of next year's election.
18 Sep
Briton Sanjay Shah is accused of running a scheme to make double tax reclaims in Denmark worth $1.7 billion. The so-called Cum-Ex scandal has been investigated for years in several European countries.
17 Oct
Paris St Germain and Brazil soccer star Neymar Jr. arrived in Barcelona’s High Court on Monday where he and eight others will stand trial charged with fraud and corruption over the player's transfer to Barcelona from Santos in 2013.
30 Oct
The fire at Tehran's Evin prison over the weekend killed eight people, authorities said. Details over the blaze were scarce as officials sought to distance the incident from nationwide protests.
21 Oct
Evin prison incident 'is part of what is going on in the streets'.
25 Oct
Trump Organization's tax evasion trial has kicked off. The number one task in the proceeding is picking a neutral jury.
2 Nov
Luiz Inacio Lula da Silva, better known as Lula, has thanked the people of Brazil for his election victory. It marks a miraculous political comeback for the man who was elected president twice before being sent to prison over a corruption scandal, then released and allowed to stand again. Lula stands on the brink of his third term as Brazil's president. Can he unite a country bitterly divided by this presidential election?
4 Nov
It was the first consular access to the WNBA star since early August, when she was imprisoned in Russia on drug charges. Washington and Moscow are discussing a potential prisoner swap.
13 Nov
The shocking murder of radio show host Percival Mabasa in the Philippines was ordered by the country's top prison officials, according to the police.
13 Nov
During the US midterm elections, not everything went smoothly for voters in Maricopa County, Arizona. In the early hours of Election Day, at least 20 percent of voting machines in the county experienced technical problems. Right-wing media and angry voters were quick to spread misinformation on the issue. We tell you more in this edition of Truth or Fake.
23 Nov
Violence ensued after prison transfers of gang leaders in Ecuador's capital, Quito. Riots left at least 10 people dead.
23 Nov
Police allege two men defrauded hundreds of thousands of people between 2015 and 2019. A joint US and Estonian operation to catch the suspects involved more than 100 police officers and around 15 FBI agents.