Theranos exec Sunny Balwani sentenced to 13 years in prison

Post by fasthands9 » Thu, Dec 08, 2022, 2:10 AM UTC

dmix wrote: post #89

fasthands9 wrote: post #59

Earlier quoted context omitted.

>Following a three-month trial and deliberations over five days that ended in July, Balwani's jury returned guilty verdicts on all 12 charges brought by the Justice Department — seven counts of wire fraud for defrauding Theranos investors, two counts of wire fraud for defrauding paying patients, two counts for conspiring to defraud investors and patients, and one count for wire fraud related to Theranos advertisement…

All tort cases need someone to be the harmed by the crime. So of course the investors would be the central focus. How they pulled off the crime is how they are prosecuted though. Running the fake company that investors put money into is as critical (or more so given the due diligence process) as persuasively asking the investors for the money.

Post by smegsicle » Thu, Dec 08, 2022, 2:46 AM UTC

lizardactivist wrote: post #36

Surprised that he got a longer sentence than Holmes. She really must have made him out like the devil during interrogation and trial. No doubt the nasty old US American racism factored into it, too.

Post by throwaway49374 » Thu, Dec 08, 2022, 3:55 AM UTC

miohtama wrote: post #62

notch656a wrote: post #56

Earlier quoted context omitted.

I've never had CBP check my passport when walking into Mexico. And Mexican officials are always asleep or absent when I pass through their side. No matter, all they require to enter Mexico is a US Birth Certificate (but they don't ask) lol. People leaving by private boat or plane are basically on a trust system; how the hell would they know if you're flying to Hawaii or not if headed to the Pacific, or whether you're…

Pakistan does not have an extraction treaty with the US, so there is no need to hide there.

Post by selimthegrim » Thu, Dec 08, 2022, 3:56 AM UTC

throwaway49374 wrote: post #95

miohtama wrote: post #62

Earlier quoted context omitted.

Pakistan does not have an extraction treaty with the US, so there is no need to hide there.

Sunny Bulwani is from India not Pakistan

Post by selimthegrim » Thu, Dec 08, 2022, 3:58 AM UTC

TheOtherHobbes wrote: post #63

lupire wrote: post #53

Earlier quoted context omitted.

> she was distracted with the media and having dinners with politicians. She wasn't distracted, she was the distraction, the pretty young pretend-genius (with no college degree), white blonde lady in her Steve Jobs costume. Do you think Sunny would have gotten all those investments from old military guys?

CEOs are primarily sales people who exist to sell the company to investors, and to a lesser extent to employees. A talent for strategy and execution is useful but not essential. If you execute without selling, you don't have a company. If you sell without executing you can always write it off as a super-exciting best-effort failed adventure from which you learned a lot etc. As long as you avoid fraud, obvs. So yes -…