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Former Theranos exec Ramesh Balwani convicted of fraud

U.S. Attorney Stephanie Hinds thanks the jury outside a federal courthouse in San Jose, Calif., Thursday, July 7, 2022, for its hard work that culminated in former Theranos executive Ramesh "Sunny" Balwani being convicted on 12 counts of investor and patient fraud. A jury on Thursday convicted Balwani of collaborating with disgraced Theranos CEO Elizabeth Holmes in a massive fraud involving the blood-testing company that once enthralled Silicon Valley. (AP Photo/Michael Liedtke)

Ramesh "Sunny" Balwani, the former lover and business partner of Theranos CEO Elizabeth Holmes, leaves a San Jose, Calif., federal courthouse with his lawyers Thursday, July 7, 2022, after a jury convicted him on 12 counts of duping investors and patients while running a blood-testing startup that was once a Silicon Valley sensation before being exposed as a sham. (AP Photo/Michael Liedtke)

Ramesh "Sunny" Balwani, right, the former lover and business partner of Theranos CEO Elizabeth Holmes, leaves a San Jose, Calif., federal courthouse with his lawyers Thursday, July 7, 2022, after a jury convicted him on 12 counts of duping investors and patients while running a blood-testing startup that was once a Silicon Valley sensation before being exposed as a sham. (AP Photo/Michael Liedtke)

Former Theranos exec Ramesh Balwani convicted of fraud