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Coronavirus-linked setbacks spur trial delay for Theranos COO 'Sunny' Balwani
Elizabeth Holmes, Sunny Balwani enter federal court building in California
Former Theranos President Sunny Balwani enters a federal court building in San Jose, California accompanied by his legal team, followed by its former CEO Elizabeth Holmes.
The trial for embattled Theranos executive Ramesh “Sunny” Balwani has been pushed back to January 2022 after his colleague and rumored girlfriend Elizabeth Holmes’ court date was pushed back amid novel coronavirus concerns, records show.
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Balwani, much like the health care tech founder Holmes, is due to stand trial on accusations that he deliberately misled investors, policymakers and the public about the accuracy of Theranos’ blood-testing technologies.
Both have pleaded not guilty to wire fraud and conspiracy to commit wire fraud. If convicted, they could each face maximum penalties of 20 years in prison and a $2.75 million fine, plus possible restitution, the Department of Justice said.
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The trial for Balwani, who served as Theranos’ chief operating officer before his ouster, is set to begin with jury selection on Jan. 11, 2022, with the trial officially kicking off one week later, according to records from the Northern District of California.