Home Latest Ramesh ‘Sunny’ Balwani is sentenced to just about 13 years for his function in Theranos fraud

Ramesh ‘Sunny’ Balwani is sentenced to just about 13 years for his function in Theranos fraud

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Ramesh ‘Sunny’ Balwani is sentenced to just about 13 years for his function in Theranos fraud

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Ramesh “Sunny” Balwani, the previous lover and enterprise companion of Theranos CEO Elizabeth Holmes, arrives at federal courtroom in San Jose, Calif. on Dec. 7, 2022.

Jeff Chiu/AP


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Jeff Chiu/AP


Ramesh “Sunny” Balwani, the previous lover and enterprise companion of Theranos CEO Elizabeth Holmes, arrives at federal courtroom in San Jose, Calif. on Dec. 7, 2022.

Jeff Chiu/AP

A federal decide in California sentenced former Theranos government Ramesh “Sunny” Balwani to just about 13 years in jail for his function in a multimillion-dollar fraud involving Theranos and its now-disgraced CEO, Elizabeth Holmes, who obtained an 11-year sentence in a separate trial.

In July, a jury found Balwani guilty on all 12 felony counts of defrauding Theranos traders and the sufferers that used the corporate’s unreliable blood assessments.

In comparability, Holmes was convicted of 4 wire-fraud associated counts and sentenced to just a little over 11 years in prison last month.

Balwani was Theranos’ second in command and Holmes’ former romantic companion, although Holmes has claimed the older-Balwani sexually and emotionally abused her throughout their relationship. Balwani has denied the allegations by his legal professional.

While operating the corporate, the 2 claimed that Theranos supplied never-before-seen expertise that would scan sufferers for a whole bunch of diseases and different circumstances utilizing only a few drops of blood. Holmes, a Stanford dropout, claimed her firm had achieved what no different scientists did earlier than, through the use of a proprietary blood-testing system.

Prosecutors maintained that these assessments had been manipulated, the executives lied in regards to the capabilities of each the assessments and the system, whereas bilking practically $1 billon from traders primarily based off of a lie.

The Associated Press contributed to this report.

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