Former Theranos President Guilty on Fraud Charges

The transcript discusses the Theranos scandal, focusing on the convictions of Elizabeth Holmes and Sunny Balwani for defrauding investors and patients. It highlights the legal proceedings, the impact on Theranos executives, and the implications for future fraud prosecutions. The discussion also covers patient testimonies regarding false blood test results.

Who was the founder of Theranos?

• Ramesh Balwani

• Steve Stroth

• Elizabeth Holmes

• Sunny Balwani

What was Sunny Balwani found guilty of?

• Money laundering

• Insider trading

• Fraud

• Tax evasion

What was the main issue with Theranos' blood testing machines?

• They were not FDA approved

• They were too expensive

• They required too much blood

• Their capabilities were misrepresented

How much was Theranos valued at its peak?

• $15 billion

• $5 billion

• $1 billion

• $9 billion

What does the Theranos case signify for future corporate fraud prosecutions?

• It promotes more lenient sentences

• It discourages investment in startups

• It encourages more corporate mergers

• It sets a legal precedent