Claim: Ramesh "Sunny" Balwani (born June 13, 1965) is an American businessman who is the former president and chief operating officer of Theranos, which was a privately held health technology company founded by his then-girlfriend Elizabeth Holmes (born February 3,1984) and Theranos is known for its false claims to have devised revolutionary blood tests that used very small amounts of blood such as that which can be extracted from a fingerstick.
Evidence: Ramesh "Sunny" Balwani (born June 13, 1965) is an American businessman who is the former president and chief operating officer of Theranos, which was a privately held health technology company founded by his then-girlfriend Elizabeth Holmes. Elizabeth Anne Holmes (born February 3, 1984) is an American businesswoman who founded and was the CEO of Theranos, a now-defunct health technology company. The blood sample was to be collected via a finger prick and then transferred to the nanotainer through Theranos' Sample Collection Device. It was initially touted as a breakthrough technology company, with claims of having devised blood tests that required only very small amounts of blood and could be performed very rapidly using small automated devices the company had developed. However, the claims later proved to be false. In March 2018 the US Securities and Exchange Commission charged Theranos, its CEO Elizabeth Holmes and former president Ramesh "Sunny" Balwani, claiming they had engaged in an "elaborate, years-long fraud" wherein they "deceived investors into believing that its key product – a portable blood analyzer – could conduct comprehensive blood tests from finger drops of blood".