LOL someone already said the Indian may have been the mastermind and the poor Angmoh woman took the fall for him!
https://medium.com/@Michael_Spencer/theranos-ceo-elizabeth-holmes-and-women-in-tech-3ccdc60cc07a
Sunny Balwani the ‘Enforcer’ of Theranos
As for Theranos, if Sunny Balwani was the ‘enforcer’, what does that makes Elizabeth Holmes? According to Wall Street Journal and investigative reporter John Carreyrou, they were in a romantic relationship, so it’s entirely possible Holmes took the fall for Sunny. It takes two to tango in Fraud, in more ways than one. Just as it takes many parties to keep women out of positions of leadership. Sunny was 20 years older than Elizabeth and may have taken her down a dangerous path, while she lied to the board about this significant connection. Sunny Balwani has a nearly non-existent internet presence, not usually a good sign in these times.
WSJ. This romantic partnership may have lured Elizabeth Holmes astray.
Elizabeth dropped out of Stanford to start Theranos, at around the same time she hooked up with Sunny. Years before he worked as a software engineer at Microsoft. Balwani made $40 million off the exit of the startup CommerceBid.com, right before the dot-com bubble burst. He’s scrubbed his digital ID in a way that is most suspicious. He became the president (number 2) of Theranos in 2009, and the rest is history. What’s the moral of the story for ambitious women? Don’t get caught up with shady men. Balwani was known as the ‘enforcer’ for a reason, using shady strongarm tactics on their own employees. Balwani left the company in 2016, after 7 years.
He may have been the mastermind behind the scheme to defraud investors. Theranos is that “black tech unicorn” with a past that sounds very much like its ready-made for hollywood production, you know, to be made into a movie. Heck, it’s probably already in production. Theranos will forever be like a dark mythology played out in the high-powered stakes of Silicon Valley big money where cheating is allowed, if you don’t get caught.