Connect with us

Health

No. 2 Theranos Executive Found Guilty of 12 Counts of Fraud

Published

on

No. 2 Theranos Executive Found Guilty of 12 Counts of Fraud

SAN JOSE, Calif. — Ramesh Balwani, a former prime govt at Theranos, was discovered responsible on Thursday of 12 counts of fraud, in a verdict that was extra extreme than that of his co-conspirator, Elizabeth Holmes, and solidifying the failed blood-testing start-up as the last word Silicon Valley cautionary story.

Mr. Balwani and Ms. Holmes, who collectively pushed Theranos to hovering heights with a promise to revolutionize well being care, are probably the most distinguished tech executives to be charged with and convicted of fraud in a technology. A jury of 5 males and 7 ladies took 32 hours to provide a verdict, convicting Mr. Balwani, referred to as Sunny, of all 10 counts of wire fraud and two counts of conspiracy to commit wire fraud.

Ms. Holmes was convicted in January on 4 counts of fraud and acquitted of 4 counts of fraud. Three different expenses have been dismissed after the jury couldn’t attain a consensus. She has appealed the decision, and Mr. Balwani is predicted to do the identical.

Each of their circumstances hinged on whether or not they had exaggerated the skills of Theranos’s blood-testing machines as a way to enchantment to buyers and prospects, when the merchandise didn’t truly work.

Every depend carries a most sentence of 20 years in jail. Ms. Holmes is predicted to be sentenced in September, and Mr. Balwani in November.

Advertisement

Because the responsible verdicts rolled in, Mr. Balwani, 57, who appeared in court docket in a black go well with and a blue medical masks, briefly shot a have a look at the jury earlier than fixing his gaze straight forward. One in all his legal professionals, Jeffrey Coopersmith, mentioned in an announcement that his crew was “clearly disillusioned” by the verdicts and that Mr. Balwani would contemplate all of his choices, together with enchantment.

In a ready assertion delivered exterior the courtroom, Stephanie Hinds, a U.S. lawyer, mentioned her workplace appreciated the decision, and he or she thanked the jury for “dutifully navigating via the complicated points introduced by this case.”

The twin responsible verdicts are a uncommon occasion of the Silicon Valley hype machine resulting in attainable jail time. Since Theranos collapsed in 2018, the corporate has grow to be a type of shorthand for enterprise grifters, and the world has developed a voracious urge for food for messy start-up rise-and-fall tales, comparable to WeWork’s disastrous first try and go public and the trickery of Oz Media. However Theranos was the one one to lead to prison expenses. The implications its executives have confronted are more likely to ship a message to entrepreneurs who exaggerate within the title of innovation.

The decision confirmed that jurors had been swayed by the prosecutors’ proof that Mr. Balwani knew in regards to the issues in Theranos’s know-how and enterprise whereas deceiving buyers and sufferers. Mr. Balwani had tried deflecting blame by arguing that Ms. Holmes — because the chief govt and founding father of Theranos — was in cost, and by arguing that he had believed in Theranos’s mission and know-how.

Mr. Balwani “put his coronary heart and soul into Theranos,” mentioned Mr. Coopersmith in his closing argument. “He labored tirelessly, yr after yr, to make the corporate a hit.”

Advertisement

Mr. Balwani had two main strikes towards him in his protection, mentioned Michael Weinstein, a former Justice Division prosecutor who’s the chair of white-collar litigation at Cole Schotz. One was Mr. Balwani’s age, which made him unable to credibly declare youthful naïveté as a protection, as Ms. Holmes had carried out.

“Holmes might come off as a bit naïve, they usually tried to promote that,” Mr. Weinstein mentioned. However Mr. Balwani “got here off as extra of an skilled know-how govt.”

Additional, since Mr. Balwani went to trial after Ms. Holmes, prosecutors basically obtained a do-over and honed their case. “The streamlined presentation, the streamlined proof, the streamlined narrative — all was useful for the federal government ultimately,” he mentioned.

Proof from the trial, together with textual content messages, emails and testimony from 24 witnesses, confirmed that Mr. Balwani had been deeply concerned in practically each facet of Theranos’s enterprise and conscious of its issues. He led its lab, created its monetary projections, presided over personnel points and attended many pitch conferences with buyers.

“Mr. Balwani needs you to assume he’s a sufferer,” Jeffrey Schenk, an assistant U.S. lawyer and a lead prosecutor within the case, mentioned in his closing argument. “Mr. Balwani shouldn’t be the sufferer — he’s the perpetrator of the fraud.”

Advertisement

The decision arrived throughout a harsh awakening for the tech business, as inventory costs have tanked amid rising rates of interest, ballooning inflation and financial uncertainty. Buyers, burned by the sell-off, have stopped chasing high-risk, money-losing start-ups, prompting many Silicon Valley firms to chop workers and gradual their aggressive plans for growth. The humbling second has many predicting the tip of a decade-long increase for tech start-ups.

Mr. Balwani and Ms. Holmes capitalized on that period of go-go optimism for Theranos. The pair met when Ms. Holmes was 18, they usually started relationship in secret shortly after she created the start-up. Mr. Balwani joined the corporate in 2009 and invested in it.

As Theranos’s chief working officer, he performed a behind-the-scenes position within the firm’s rise. He helped Ms. Holmes domesticate her Steve Jobs-like picture, ran the lab and aided in fund-raising, pushing the corporate to a $9 billion valuation.

A 2015 exposé in The Wall Road Journal, which revealed Theranos had lied about its blood assessments, despatched the corporate reeling. Mr. Balwani quickly left, and the start-up went beneath in 2018. That yr, he and Ms. Holmes have been charged with fraud.

Every defendant was often mentioned within the different’s trial, however neither testified towards the opposite. Ms. Holmes accused Mr. Balwani of emotional and sexual abuse, however these accusations weren’t permitted as proof in his trial.

Advertisement

“The story of Theranos is a tragedy,” Mr. Schenk, the prosecutor, mentioned in his closing argument.

Kalley Huang contributed reporting.

Continue Reading
Advertisement
Click to comment

Leave a Reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Health

Chronic Pain Afflicts Billions of People. It’s Time for a Revolution.

Published

on

Chronic Pain Afflicts Billions of People. It’s Time for a Revolution.

“In the beginning, everyone thought they were going to find this one breakthrough pain drug that would replace opioids,” Gereau said. Increasingly, though, it’s looking like chronic pain, like cancer, could end up having a range of genetic and cellular drivers that vary both by condition and by the particular makeup of the person experiencing it. “What we’re learning is that pain is not just one thing,” Gereau added. “It’s a thousand different things, all called ‘pain.’”

For patients, too, the landscape of chronic pain is wildly varied. Some people endure a miserable year of low-back pain, only to have it vanish for no clear reason. Others aren’t so lucky. A friend of a friend spent five years with extreme pain in his arm and face after roughhousing with his son. He had to stop working, couldn’t drive, couldn’t even ride in a car without a neck brace. His doctors prescribed endless medications: the maximum dose of gabapentin, plus duloxetine and others. At one point, he admitted himself to a psychiatric ward, because his pain was so bad that he’d become suicidal. There, he met other people who also became suicidal after years of living with terrible pain day in and day out.

The thing that makes chronic pain so awful is that it’s chronic: a grinding distress that never ends. For those with extreme pain, that’s easy to understand. But even less severe cases can be miserable. A pain rating of 3 or 4 out of 10 sounds mild, but having it almost all the time is grueling — and limiting. Unlike a broken arm, which gets better, or tendinitis, which hurts mostly in response to overuse, chronic pain makes your whole world shrink. It’s harder to work, and to exercise, and even to do the many smaller things that make life rewarding and rich.

It’s also lonely. When my arms first went crazy, I could barely function. But even after the worst had passed, I saw friends rarely; I still couldn’t drive more than a few minutes, or sit comfortably in a chair, and I felt guilty inviting people over when there wasn’t anything to do. As Christin Veasley, director and co-founder of the Chronic Pain Research Alliance, puts it: “With acute pain, medications, if you take them, they get you over a hump, and you go on your way. What people don’t realize is that when you have chronic pain, even if you’re also taking meds, you rarely feel like you were before. At best, they can reduce your pain, but usually don’t eliminate it.”

A cruel Catch-22 around chronic pain is that it often leads to anxiety and depression, both of which can make pain worse. That’s partly because focusing on a thing can reinforce it, but also because emotional states have physical effects. Both anxiety and depression are known to increase inflammation, which can also worsen pain. As a result, pain management often includes cognitive behavioral therapy, meditation practice or other coping skills. But while those tools are vital, it’s notoriously hard to reprogram our reactions. Our minds and bodies have evolved both to anticipate pain and to remember it, making it hard not to worry. And because chronic pain is so uncomfortable and isolating, it’s also depressing.

Advertisement
Continue Reading

Health

7 blood pressure mistakes that could be throwing off your readings

Published

on

7 blood pressure mistakes that could be throwing off your readings

Join Fox News for access to this content

Plus special access to select articles and other premium content with your account – free of charge.

By entering your email and pushing continue, you are agreeing to Fox News’ Terms of Use and Privacy Policy, which includes our Notice of Financial Incentive.

Please enter a valid email address.

Having trouble? Click here.

Several key mistakes could throw off the accuracy of blood pressure readings for people who take them at home.

The average “normal” blood pressure is 120/80, according to the American Heart Association.

Advertisement

Almost half of all U.S. adults have elevated blood pressure (systolic pressure between 120 and 19 and diastolic pressure less than 80). High blood pressure (hypertension, which is when the systolic pressure is between 130 and 139 or diastolic pressure is between 80 and 89) can raise the risk of heart attack and stroke if left untreated, per the AHA.

JUST 5 MINUTES OF EXERCISE COULD REDUCE HIGH BLOOD PRESSURE, STUDY FINDS

“It is very common to see patients with bad data,” said Dr. Bradley Serwer, a Maryland-based cardiologist and chief medical officer at VitalSolution, an Ingenovis Health company that offers cardiovascular and anesthesiology services to hospitals.

The average “normal” blood pressure is 120/80, according to the American Heart Association. (iStock)

“It is essential to follow the proper standardized instructions.”

Advertisement

The cardiologist shared with Fox News Digital the following common mistakes he often sees patients make when monitoring their blood pressure.

1. Using the wrong arm position

Certain arm positions can lead to inflated results and misdiagnoses of hypertension. This was supported by recent research from Johns Hopkins Medicine.

BLOOD PRESSURE IS ‘HIGHER THAN NORMAL’ FOR 1 IN 7 KIDS, SAYS AMERICAN HEART ASSOCIATION

People who rested their arms on their laps drove up the top number in the blood pressure reading (systolic pressure) by nearly 4 mmHg, while leaving their arm hanging at their side increased it by nearly 7 mmHg.

For the most accurate results, the guidelines are to rest the arm on a desk or another firm surface at the same level as the heart, Serwer told Fox News Digital.

Advertisement

2. Sitting in the wrong position

“The proper position is to sit upright with your feet on the floor and your legs uncrossed, resting your arm on a flat surface that is level with your heart,” Serwer advised.

Blood pressure

Certain arm positions can lead to inflated results and misdiagnoses of hypertension, research has shown. (iStock)

3. Using the wrong type or size of cuff

If the cuff is too large or small, measurements will be abnormal, the cardiologist cautioned. 

“Most blood pressure monitors use either an arm cuff or a wrist cuff,” he said. “Arm cuffs tend to be more accurate and require fewer steps to ensure accuracy.”

4. Not calibrating the cuff

Serwer said he typically asks all patients to bring their home cuff to the office, where he first measures their blood pressure manually and then uses the patient’s cuff.  

“We can then assess the accuracy of their cuff,” he said.

Advertisement

5. Not allowing enough time to equilibrate

The most accurate results are obtained after sitting in a low-stress environment for five minutes, Serwer noted.

“Know your blood pressure, even if you are healthy.”

6. Drinking caffeine beforehand

“Avoid stimulants before measuring your pressure, as caffeine will raise it,” Serwer said.

7. Checking at different times of day

When taking blood pressure, Serwer recommends checking it twice and waiting at least one minute between measurements. 

     

Advertisement

“Blood pressure fluctuates throughout the day, so checking your pressure at the same time each day gives us a better trend,” he added.

Serwer also advises his patients to track their blood pressure readings in a log.

Blood pressure reading

“If the average blood pressure reading is greater than 130/80, they have stage I hypertension and should be evaluated by their primary care provider,” a cardiologist said.  (iStock)

“If the average blood pressure reading is greater than 130/80, they have stage I hypertension and should be evaluated by their primary care provider,” he said. 

“If their blood pressure is greater than 180/100 or if they have symptoms of chest pain, shortness of breath or severe headache, they should seek immediate attention.”

CLICK HERE TO SIGN UP FOR OUR HEALTH NEWSLETTER

Advertisement

Even if there are no other symptoms other than high blood pressure, Serwer emphasizes that people shouldn’t wait until they have complications before treating hypertension.

“Heart attacks, strokes, renal failure and peripheral vascular disease can often be avoided with early interventions,” he said.

Healthy living

In most cases, making lifestyle changes such as improving your diet, exercising regularly and maintaining a healthy weight can help keep blood pressure within a safe range, according to the AHA. (iStock)

“Know your blood pressure, even if you are healthy.”

In most cases, making lifestyle changes such as improving your diet, exercising regularly and maintaining a healthy weight can help keep blood pressure within a safe range, according to the AHA.

For more Health articles, visit www.foxnews.com/health

Advertisement

When necessary, a doctor can provide guidance on medications to treat hypertension that does not respond to lifestyle changes.

Continue Reading

Health

Words and game of Scrabble keep married couple in wedded bliss for decades

Published

on

Words and game of Scrabble keep married couple in wedded bliss for decades

A married couple who have long enjoyed the game of Scrabble both together and separately before they even met are never at a loss for words — and attribute their wedded bliss in part to their love of the nostalgic game.

They’re still playing in tournaments built around the game decades after they began doing so.

Graham Harding and his wife Helen Harding, both in their 60s, have been married for over 20 years.

WATCHING GAME SHOWS LIKE ‘JEOPARDY!’ AND ‘WHEEL OF FORTUNE’ CAN BOOST COGNITIVE HEALTH, SAY EXPERTS

They met in the 1990s at Scrabble tournaments, as news agency SWNS reported.

Advertisement

But it was a “special match” in 2000 that brought the couple together — and has kept them together now.

Graham and Helen Harding on their wedding day. They’ve been playing in Scrabble tournaments for some 30 years.  (Courtesy Graham and Helen Harding via SWNS)

Graham Harding is from the East Berkshire Scrabble Club, while his wife Helen is from the Leicester Scrabble Club in the U.K.

They have been taking part in the UK Open Scrabble Championship in Reading this week.

“The more words you know, the more ammunition you’ve got.”

Advertisement

“Scrabble is all about having a good vocabulary,” said Graham Harding, SWNS noted.

7 HEALTHY LIFESTYLE CHANGES THAT COULD HELP REDUCE RISK OF DEPRESSION, SAYS STUDY: ‘ENORMOUS BENEFITS’

“But it is a Scrabble vocabulary — not necessarily everyday English.”

Added Helen Harding, “The more words you know, the more ammunition you’ve got.”

Graham and Helen Harding at their wedding.

Graham and Helen Harding’s wedding cake. They bonded over their love of Scrabble – and are still playing in tournaments together.  (Courtesy Graham and Helen Harding via SWNS)

The couple said they were “vague acquaintances” for about five years after they first met.

Advertisement

Then they got together after a special match in Swindon.

CLICK HERE TO SIGN UP FOR OUR HEALTH NEWSLETTER

They maintained a long-distance relationship before they got married in 2004.

The couple even brought their Scrabble board to their wedding. 

Graham and Helen Harding at their wedding.

The couple likely have played thousands of games between them.  (Courtesy Graham and Helen Harding via SWNS)

It featured a message with Scrabble pieces that said, “Congratulations on your wedding day” — while their wedding cake said, in Scrabble letters, “Helen and Graham.”

Advertisement

For more Health articles, visit www.foxnews.com/health

They each took up the hobby early in life well before they met each other. 

The tournament that’s been taking place this week is the first since the COVID pandemic after a five-year break — and the couple has played some two dozen games in it as of Friday, SWNS reported. 

Advertisement
Continue Reading
Advertisement

Trending