Former Theranos executive Ramesh "Sunny" Balwani convicted of fraud
A jury convicted Balwani of collaborating with disgraced Theranos CEO Elizabeth Holmes in a massive fraud involving the blood-testing company that once enthralled Silicon Valley.
Watch CBS News
A jury convicted Balwani of collaborating with disgraced Theranos CEO Elizabeth Holmes in a massive fraud involving the blood-testing company that once enthralled Silicon Valley.
Prosecutors portrayed Balwani as a ruthless accomplice who helped former CEO Elizabeth Holmes swindle investors.
A jury found Elizabeth Holmes bilked investors out of their money using false claims about the tech that Theranos had developed. Anna Werner spoke to a former prosecutor who says Holmes' own words incriminated her.
During her trial, Elizabeth Holmes denied hiring a research firm to look into a Wall Street Journal reporter but admitted she tried to kill his Theranos story. Jamie Yuccas spoke with “Bad Blood: The Final Chapter” reporter Emily Saul, who covered the trial from the beginning.
Theranos founder Elizabeth Holmes was found guilty of four counts of defrauding investors in a federal court Monday. The verdict comes years after former employee Tyler Shultz first reported concerns to state regulators. Shultz reacts to Holmes' verdict on “CBS Mornings.”
Ian Gibbons, who was the chief scientist of Theranos, died by suicide in 2013.
Many in Silicon Valley may be feeling like they dodged a bullet after Theranos founder Elizabeth Holmes was convicted of fraud. Anna Werner shares more.
Former Theranos CEO Elizabeth Holmes was convicted Monday of four counts of fraud.
The jury said earlier they were deadlocked on three charges.
In California, a jury found Theranos founder Elizabeth Holmes guilty on four of 11 counts. In New York, former President Trump and two of his children, Donald Trump Jr. and Ivanka Trump, are taking legal action to try to stop subpoenas issued by the New York attorney general. CBS News legal contributor Jessica Levinson joins CBSN with her analysis of both cases.
Theranos CEO Elizabeth Holmes has been found guilty on four fraud charges, but she was acquitted on four others and the jury remained deadlocked on three. CBSN Bay Area has the latest.
Juries in two different high-profile trials have returned from a holiday break and are continuing their deliberations. In New York, Ghislaine Maxwell, a former associate of disgraced financier Jeffrey Epstein, faces six federal charges linked to sex trafficking. In California, Elizabeth Holmes faces eleven counts of fraud stemming from her failed blood-testing start-up Theranos. CBS News legal contributor Jessica Levinson joins CBSN with a breakdown of each case.
The Theranos founder became romantically involved with her business partner Sunny Balwani in 2005.
In her third day of testimony, Holmes acknowledged making some mistakes as CEO of Theranos.
The decision to have Holmes testify so early in her defense was a bombshell development with considerable risk.
Once a Silicon Valley darling with a $4.5 billion fortune, Holmes faces up to 20 years in prison if convicted of fraud.
The Stanford dropout who was once a Silicon Valley darling faces 10 fraud charges and two conspiracy charges. Her startup, Theranos, promised to revolutionize the medical world by diagnosing diseases with just a few drops of blood—but the technology didn't work. KPIX reporter Len Ramirez has more.
Former Silicon Valley darling is accused of fraud and conspiracy as jury selection begins in her trial.
Jury selection is expected to begin today in the long awaited trial of Elizabeth Holmes – the founder of failed blood testing company, Theranos. CBS News correspondent Meg Oliver sat down with John Carreyrou, the host of "Bad Blood: The Final Chapter" to talk about the trial.
Despite being accused of similar crimes, Theranos founder and CEO Elizabeth Holmes and so-called "pharma-bro" Martin Shkreli received very different punishments. So why the discrepancy? CBS News spoke to attorney and former federal prosecutor Emily Compagno about the cases.
The Theranos founder and CEO shares her personal story about how she came to the idea of wanting to change the industry. Read the full story about how Holmes is reshaping the health care industry.
The Theranos founder and CEO tells "CBS This Morning" co-host Norah O'Donnell about "carrying the torch" for Silicon Valley's legacy. Read about how Holmes is reshaping the health care industry.
Elizabeth Holmes is being compared to visionaries like Bill Gates and Steve Jobs. Holmes founded a biotech company called Theranos in 2003, and her mission is to allow blood testing in every drugstore at a fraction of Medicare costs. Norah O'Donnell reports on how her tiny invention is reshaping health care.
Theranos founder dropped out of Stanford University at 19. Her blood diagnostics company, now valued at $9 billion, could revolutionize the health care industry. Watch Norah O'Donnell's interview with the Silicon Valley CEO on "CBS This Morning."
A company with a blood-testing machine that could never perform as touted went from billion-dollar baby to complete bust
The images were sent to CBS News by active service members under condition of anonymity.
The family of 37-year-old Tierra Walker filed a lawsuit against Texas Attorney General Ken Paxton and others, saying she was denied an abortion that could have saved her life.
Tuesday's hearing marked the first time that Patel has publicly addressed the new hiring standards related to prostitution, employment theft and bestiality.
The Iran war has cost the U.S. military at least $33.4 billion — most of it on munitions — and not including hundreds of millions more spent by other agencies, the Pentagon says.
The Federal Reserve is likely to raise borrowing costs on Wednesday, and more hikes could be in store, according to economists.
Ukraine's Volodymyr Zelenskyy says Russia targeted his plane with drones as part of a campaign to intimidate him and other foreign leaders.
The previous votes have failed to stop President Trump from waging war with Iran.
The Supreme Court on Monday blocked the Postal Service from enforcing new mail voting rules ahead of the midterm elections.
Earlier Tuesday, a federal judge again blocked the board from adding President Trump's name to the facade of the building.
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
A Georgia judge has put an execution on hold to allow time for a hearing on whether the sentence should be reduced under a new state law that lets victims of abuse have their sentences reconsidered.
The U.S. has so far not attributed the potential breach to a specific actor, but Iranian state media amplified the story in the weeks following the attack.
The previous votes have failed to stop President Trump from waging war with Iran.
The family of 37-year-old Tierra Walker filed a lawsuit against Texas Attorney General Ken Paxton and others, saying she was denied an abortion that could have saved her life.
Car ownership costs have soared 50% since 2020, according to new economic data. Here's where motorists are getting dinged.
Top OpenAI executive endorses plan that would require AI companies to submit their technology to third-party reviews to assess their safety.
The typical U.S. household's annual earnings have risen only 2.5% since 2019, new data from the Census Bureau shows.
The Federal Reserve is likely to raise borrowing costs on Wednesday, and more hikes could be in store, according to economists.
Millions of homeowners will face higher heating costs this winter because of surging global oil prices, according to a new forecast.
The previous votes have failed to stop President Trump from waging war with Iran.
The Justice Department is accusing several members of Russia's intelligence services of running a "global assassination network" that targeted Kremlin critics.
The family of 37-year-old Tierra Walker filed a lawsuit against Texas Attorney General Ken Paxton and others, saying she was denied an abortion that could have saved her life.
The Supreme Court on Monday blocked the Postal Service from enforcing new mail voting rules ahead of the midterm elections.
Rep. Thomas Massie accused Defense Secretary Pete Hegseth of defying Congress with the Iran war, suppressing free speech and other offenses.
A long-running lawsuit challenging what it means to be an employee and therefore have access to work-based health plans is being closely watched by health policy analysts.
A 40-year-old woman died on Saturday from complications associated with measles, the coroner reported.
Kate Ping thought she was just stressed out. A nurse practitioner's surprising recommendation led to a shocking diagnosis.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
The Centers for Disease Control and Prevention said there is no longer a risk of people getting sick with cyclosporiasis from this outbreak and is confident that all related iceberg lettuce is off the market.
The U.S. has so far not attributed the potential breach to a specific actor, but Iranian state media amplified the story in the weeks following the attack.
The previous votes have failed to stop President Trump from waging war with Iran.
The Justice Department is accusing several members of Russia's intelligence services of running a "global assassination network" that targeted Kremlin critics.
The images were sent to CBS News by active service members under condition of anonymity.
The Congressional Budget Office estimated the war between Feb. 28 and Aug. 1 has directly cost the U.S. about $38 billion.
The rapper Macklemore was bumped from Ed Sheeran's U.S. concert tour for pro-Palestinian comments that some say crossed a line into prejudice. Now, four additional supporting acts have quit in solidarity and the headliner has addressed the controversy. Carter Evans reports.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Food & Wine reveals its list of "Best New Chefs" this week. One of those talents is Masako Morishita of Perry's Restaurant in Washington, D.C., who joins to discuss her career move from NFL cheerleader to D.C. food icon and share one of her favorite recipes.
Elin Hilderbrand, who wrote hit summer reads like "The Perfect Couple" and "28 Summers," joins "CBS Mornings" with her daughter Shelby Cunningham to discuss the latest book in their co-written The Academy Series, titled "The Thoroughbreds."
Bob Mackie, who bedazzled stars like Cher, Carol Burnett and Marilyn Monroe, died at 87. "CBS Mornings" looks back at some of his legendary looks.
The growing concerns over AI safety brought together two people from opposite sides of the political spectrum on Tuesday: Sen. Bernie Sanders and former Trump adviser Steve Bannon. Washington Post tech reporter Gerrit De Vynk joins CBS News to discuss where AI legislation stands.
Congress is reacting to warnings from AI leaders that the technology poses existential dangers. Rep. Bill Foster joins "The Daily Report" to discuss.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Sen. Bernie Sanders and Steve Bannon are both pushing the Trump administration to regulate artificial intelligence as industry leaders warn of risks to humanity. CBS News' Caitlin Huey-Burns has more.
Top OpenAI executive endorses plan that would require AI companies to submit their technology to third-party reviews to assess their safety.
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Paleontologists have identified the first known trackway made by a full-grown Tyrannosaurus rex, and the discovery was made in the North Dakota badlands.
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
A Georgia judge has put an execution on hold to allow time for a hearing on whether the sentence should be reduced under a new state law that lets victims of abuse have their sentences reconsidered.
A 21-year-old Pennsylvania man has been arrested for allegedly plotting what could have been a "mass casualty attack" inspired by ISIS, federal officials say. CBS News' Anna Schecter has more.
In Washington state, investigators said they believe illegal fireworks, shot from the back of a pickup truck, sparked a nearly 10,000-acre deadly wildfire earlier this summer. Jason Allen reports.
A man racing a stolen Tesla down a crowded boardwalk hit a woman, setting off a wild chase involving lots of witnesses, including one recording it all on a pair of smart glasses. Jonah Kaplan reports.
The FBI said it thwarted a "mass casualty attack," inspired by ISIS, allegedly by a 21-year-old man in Pennsylvania. Agents allegedly tracked the young man to a hotel where they arrested him. It's the second ISIS-related plot to surface since August. Nicole Sganga reports.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Attorney General Todd Blanche told CBS News' Ed O'Keefe on Tuesday "of course" the White House will comply with a Supreme Court decision that keeps in place a lower court ruling that blocked the U.S. Postal Service from enforcing new regulations for mail voting.
Trump slams Supreme Court for blocking Postal Service rules for mail ballots; Congress reacts to AI safety warnings.
Ukrainian President Volodymyr Zelenskyy speaks with CBS News' Aidan Stretch about the state of the war, Russia's recent escalation, U.S. support and more.
Stocks stayed in the red on Tuesday ahead of the Federal Reserve's interest rate decision on Wednesday. CBS News contributor Javier David has a preview of the meeting.
The growing concerns over AI safety brought together two people from opposite sides of the political spectrum on Tuesday: Sen. Bernie Sanders and former Trump adviser Steve Bannon. Washington Post tech reporter Gerrit De Vynk joins CBS News to discuss where AI legislation stands.