Theranos founder Elizabeth Holmes would not testify in the fraud trial of her ex-boyfriend and former business partner, Ramesh ‘Sunny’ Balwani
Theranos founder Elizabeth Holmes will not be called to testify in the trial of Ramesh “Sunny” Balwani, her ex-boyfriend and former business partner.
Balwani has been on trial for fraud and conspiracy, the same Holmes faced, since March.
Whether Holmes, who was found guilty of 4 counts in her own fraud trial in January, would testify has loomed over her trial.
Elizabeth Holmes will not testify at the trial of her ex-boyfriend and former business partner at Theranos.
Ramesh “Sunny” Balwani has been on trial since March on 9 counts of wire fraud and 2 counts of conspiracy to commit wire fraud since his time as Theranos COO and Holmes’ right-hand man when testing started blood. Holmes faced the same charges during his own months-long fraud trial. In January, she was sentenced on three counts of wire fraud and one count of conspiracy.
Ever since Balwani’s trial began, legal experts and onlookers have wondered if Holmes could testify against Balwani in exchange for some leniency in his condemnation, although it is not known if this opportunity was offered to him.
They got their answer today, when the prosecution confirmed in an evidence hearing that Holmes would in fact not be called as a witness in Balwani’s trial, according to Law360 senior reporter Dorothy Atkins, who has covered the case.
“Doctor Robert Leach just mentioned that Elizabeth Holmes ‘won’t testify in this case,'” Atkins tweeted Monday.
Holmes is expected to be sentenced in September. She faces up to 20 years in prison, a $250,000 fine and the obligation to pay compensation to victims for each count on which she was convicted.
New information was revealed about Holmes and Balwani’s secret romantic relationship at Theranos during Holmes’ trial. The prosecutors published texts between them which showed both love messages and tense exchanges. When Holmes spoke at her trial, she testified that Balwani abused and sexually assaulted her. Balwani’s lawyers have denied the allegations.
Read the original article at Business Intern