Government prosecutors in the criminal-fraud trial of Theranos Inc.’s former second-in-command, Ramesh “Sunny” Balwani, made their final pitch to the jury in closing arguments Tuesday, as the Silicon Valley case moves closer to a resolution.

Assistant U.S. Attorney Jeff Schenk said that Mr. Balwani, longtime president and chief operating officer of the now-defunct blood-testing startup, had full knowledge of the fraud he was committing because he was in charge of Theranos’s laboratory and was well-informed of its many problems with test accuracy and reliability—and fired employees who raised concerns.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

CVS Looks to Add Doctors to Its Payroll

CVS Health Corp. says it needs doctors on its payroll to fulfill…

Suspect confesses to Highland Park shooting and plotted second attack in Wisconsin, prosecutor says

HIGHLAND PARK, Ill. — The man accused of killing seven people at…

Ford Puts Focus on Electric-Vehicles Market With Management Changes

Listen to article (1 minute) Ford Motor said it is enhancing its…

Memorial Day ‘Manhattanhenge’ to light up New York City streets

New Yorkers and tourists alike spending their Memorial Day in the Big…