A jury of 18 people, including six alternates, was selected on Friday. The trial is slated to go on for 13 weeks.
Balwani faces a dozen federal wire fraud and conspiracy charges over allegations he knowingly misrepresented the capabilities of Theranos’ blood testing technology to investors, doctors and patients in order to take their money. If convicted, Balwani faces up to 20 years in prison as well as a fine of $250,000 plus restitution for each count of wire fraud and each conspiracy count. He has pleaded not guilty.
Balwani is less of a household name than Holmes, a onetime tech industry icon who was featured on magazine covers and has been the subject of documentaries, podcasts and, most recently, “The Dropout,” a limited series on Hulu. But his trial could offer new glimpses into their relationship and the decision-making process inside the C-suite at Theranos.
“It’ll be interesting to see what, if any, specific defenses Balwani raises and whether he goes after her as much as she went after him,” said Michael G. Freedman, a white collar defense attorney who has represented high-profile defendants such as Bill Cosby. Theranos claimed it had developed technology that could accurately and efficiently conduct a range of health tests using just a few drops of blood taken by the fingertip. At its peak, Theranos was valued at $9 billion, with prominent investors such as media mogul Rupert Murdoch and Walmart’s Walton family. It also struck retail partnership deals with Walgreens and Safeway.
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