In a lengthy closing argument, federal prosecutors reiterated their case that Balwani was an active participant, alongside Holmes, in a scheme to defraud investors and patients of the doomed medical technology startup.
“Mr. Balwani is not a victim, he is the perpetrator of the fraud,” prosecutor Jeffrey Schenk told jurors during the proceedings.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn