At Theranos, Elizabeth Holmes Didn’t Work Alone

Theranos, the disgraced, collapsing, and allegedly fraud-rife blood-testing startup, is most often associated with its founder and CEO, Elizabeth Holmes. But a new profile by indefatigable Theranos watchdog John Carreyrou sheds light on another major figure, suggesting some of Theranos' worst sins weren't Holmes' doing at all.

Ramesh "Sunny" Balwani was 37 years old and already a multimillionaire when he met Holmes, then 18, at a Stanford University language-learning program in China in...

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