U.S. jury convicts Theranos' Sunny Balwani of fraud

(Reuters) -A U.S. jury on Thursday convicted former Theranos Inc President Ramesh "Sunny" Balwani of defrauding investors and patients about the blood testing startup that was once valued at $9 billion.

Balwani was convicted on two counts of conspiracy and 10 counts of fraud, a spokesman for the U.S. attorney's office confirmed.

An attorney for Balwani did not immediately respond to a request for comment.

The jury in San Jose, California, handed down its verdict after deliberating for a little more than five days.

Theranos founder Elizabeth Holmes, who initially faced the same charges, was convicted on three counts of fraud and one count of conspiracy at a separate trial in January.

https://www.msn.com/en-us/money/companies/us-jury-convicts-theranos-sunny-balwani-of-fraud/ar-AAZkoii