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Walgreens sued for breach of contract, and the buyers claimed fraud. Separately, Holmes faced claims of fraud from the Securities and Exchange Commission and agreed to a $500,000 tremendous. In 2018, a federal grand jury indicted the entrepreneur and former Theranos COO and president Ramesh “Sunny” Balwani, who was also Holmes’ onetime boyfriend, charging them with wire fraud and conspiracy. The Grafton Police Department in Milwaukee mentioned the previous Advocate Aurora Health pharmacist was arrested on suspicion of reckless endangerment, adulterating a prescription drug and criminal harm to property. Among Holmes’ most crucial errors, Wade mentioned, have been counting on Balwani, and her former Stanford University professor, adviser, and board member, Channing Robertson. “Elizabeth Holmes labored herself to the bone for 15 years trying to make lab testing extra affordable,” Holmes’ lawyer Lance Wade advised the jury. Throughout his opening statements, Wade made dozens of statements to emphasise Holmes’ dedication to growing a miniaturized blood testing machine.
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