The US Justice Department is seeking input from victims of the frauds at blood-testing startup Theranos
The US Justice Department is seeking input from victims of the frauds at blood-testing start-up Theranos committed by Elizabeth Holmes and her second-in-command, Ramesh “Sunny” Balwani.
“The government has a duty pursuant to the Mandatory Restitution Act to attempt to ensure that crime victims are made whole for their out of pocket losses as a part of sentencing in a criminal matter,” said Adam Gasner, a criminal defence attorney not involved in the Theranos cases. In their respective trials, the Theranos executives blamed each other for the fraud. US district judge Edward Davila will weigh the evidence presented at both trials, as well as the counts each was found guilty of, in determining their sentences. Criminal defence lawyers have said both Holmes and Balwani could face a decade in prison.
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