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Dec 7, 2022 · Judge Edward J. Davila of U.S. District Court for the Northern District of California sentenced Mr. Balwani to 155 months, which is 12 years and 11 months, as well as three years of supervised...
Dec 7, 2022 · Balwani faced a sentence of 20 years for each of the 12 counts, but legal experts expect the sentences to be served at the same time, giving him a maximum sentence of 20 years.
- 1 min
- Max Zahn
Dec 8, 2022 · CNN Business —. Ramesh “Sunny” Balwani, the former chief operating officer of failed blood testing startup Theranos, was sentenced Wednesday to nearly 13 years in prison for fraud. It marks...
- Catherine Thorbecke
- 2 min
Dec 7, 2022 · Ramesh "Sunny" Balwani, the former business partner of Theranos founder Elizabeth Holmes, was sentenced to nearly 13 years in federal prison and three years of probation Wednesday for his role...
- 18 sec
- Rob Wile
Dec 7, 2022 · Balwani was convicted of fraud for his role in the blood-testing startup's implosion, after falsifying documents and misleading investors. He was also accused of abusing his former partner and Theranos founder Elizabeth Holmes, who was sentenced to more than 11 years earlier.
Dec 7, 2022 · The former business partner of Elizabeth Holmes was convicted of 12 counts of wire fraud and conspiracy to commit wire fraud for his role in the failed blood-testing start-up. He did not speak at his sentencing hearing, where his lawyers said he plans to appeal.
Dec 7, 2022 · Balwani was convicted of defrauding investors and patients of the failed blood-testing start-up led by Elizabeth Holmes. He denied abusing Holmes, who received a lesser sentence of 11 years and three months.
