and Balwani headed up Theranos for years. Before joining the company, Balwani had a stint at Microsoft and was president of a software development company that was ultimately acquired for $225 million. He and Holmes met in 2002 on a trip to Beijing through a summer Mandarin immersion program run by Stanford University. At the time, Holmes was 18 years old and Balwani was 37.
Theranos, worth $9 billion at its peak, claimed to be able to test for hundreds of diseases with one drop of blood and was hailed as a revolutionary force in the blood-testing industry before its fraud was exposed. revealing Theranos could only run a small fraction of the tests advertised and still yielded inaccurate results for those. The Journal also reported the company was secretly using competitors' machines already on the market, not its own devices.
Why did the brown guy get a longer sentence? I can’t qwhite put my finger on it.