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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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