Prosecutors in Elizabeth Holmes’s fraud case want to use the alleged concealment of her affair with Sunny Balwani, former president of the blood-testing startup, as evidence in her trial. Holmes and Balwani “took steps to hide the existence of this relationship, such as commuting to work separately and avoiding being seen together outside of work,” the prosecutors wrote. (Bloomberg)
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Prosecutors in Elizabeth Holmes’s fraud case want to use the alleged concealment of her affair with Sunny Balwani, former president of the blood-testing startup, as evidence in her trial. Holmes and Balwani “took steps to hide the existence of this relationship, such as commuting to work separately and avoiding being seen together outside of work,” the prosecutors wrote. (Bloomberg)
Talking point: The pair is accused of defrauding the public and investors by saying Theranos machines could perform more than 240 tests on a single drop of blood—an alleged bit of fabulism that brought the company accolades and a US$9-billion valuation. Though they were charged together, Holmes and Balwani are facing separate trials.
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