The scandal revolved around the company's false claims to have developed a device that could scan for several diseases and other potential problems with ...
Balwani is not the same as Elizabeth Holmes,” his lawyers wrote in a memo to the judge. “”He actually invested millions of dollars of his own money; he never sought fame or recognition; and he has a long history of quietly giving to those less fortunate.” Balwani’s lawyers also asserted that Holmes “was dramatically more culpable” for the Theranos fraud. Balwani and Holmes met around the same time she dropped out of Stanford University to start Theranos in 2003. In court documents, Balwani’s lawyers painted him as a hardworking immigrant who moved from India to the U.S. He graduated from the University of Texas in 1990 with a degree in information systems. Federal prosecutors also want the judge to order Balwani to pay $804 million in restitution to defrauded investors _ the same amount sought from Holmes.
A jury found Elizabeth Holmes' former business and romantic partner guilty in July on all 12 felony counts of defrauding Theranos investors and the patients ...
Balwani invested nearly $5 million of his own money into Theranos and lost it all. Holmes, a Stanford dropout, claimed her company had done what no other scientists did before, by using a proprietary blood-testing device. Balwani truly is." "Mr. "All these attributes define who Mr. A federal judge in California sentenced former Theranos executive Ramesh "Sunny" Balwani to nearly 13 years in prison for his role in a multimillion-dollar fraud involving Theranos and its now-disgraced CEO, Elizabeth Holmes, who received an 11-year sentence in a separate trial.
Disgraced Theranos executive Ramesh “Sunny” Balwani was sentenced to 13 years in prison Wednesday over his role in helping founder and then-girlfriend ...
Three years later, Holmes and Balwani were [charged separately](https://www.forbes.com/sites/marisadellatto/2022/07/07/elizabeth-holmes-business-partner-sunny-balwani-found-guilty-of-fraud-in-theranos-case/?sh=3ce616e23011) by federal prosecutors, who claimed the pair—who were secretly dating—knew they were lying about Theranos’ testing capabilities. Since Theranos’ explosive fall from grace, the story was portrayed in the Hulu series The Dropout, with Amanda Seyfried playing Holmes and Naveen Andrews cast as Balwani. Balwani served as president and COO of Theranos, and also secretly dated Holmes while they were running the company. [Wall Street Journal](https://www.wsj.com/articles/theranos-has-struggled-with-blood-tests-1444881901) reported that the technology’s capacity did not live up to Holmes’ claims. Holmes was praised as a rare young female founder in the tech space, and appeared on multiple magazine covers, including Forbes. However, the Theranos narrative began to fall apart in 2015, when the
His sentence was slightly longer than that given to the chief executive, who was his lover and accomplice in one of Silicon Valley's biggest scandals. Balwani ...
Balwani and Holmes met around the same time she dropped out of Stanford University to start Theranos in 2003. Prosecutors for the justice department asked for 15 years. “Mr Balwani is not the same as Elizabeth Holmes,” his lawyers wrote in a memo to the judge. Balwani was convicted on all 12 felony counts, and his lawyers sought a far more lenient sentence of just four to 10 months in prison. Balwani was convicted in July of fraud and conspiracy connected to the company’s bogus medical technology that duped investors and endangered patients. His sentence was slightly longer than that given to the chief executive, who was his lover and accomplice in one of Silicon Valley’s biggest scandals.
A judge sentences former Theranos executive Ramesh "Sunny" Balwani to nearly 13 years in prison for his role in the company's blood-testing scam.
Balwani and Holmes met around the same time she dropped out of Stanford University to start Theranos in 2003. "Balwani maintained this façade of accomplishments, after making the calculated decision that honesty would destroy Theranos." "Mr Balwani is not the same as Elizabeth Holmes," his lawyers wrote in a memo to the judge. A probation report recommended nine years. The two trials had somewhat different outcomes. Balwani's attorney has denied the allegations.
NEW YORK — Ramesh "Sunny" Balwani, the former romantic partner of Elizabeth Holmes and president of disgraced blood testing company Theranos, was sentenced ...
In addition to 155 months in prison, Balwani was ordered to serve three years of probation after the sentence. The company, once valued at $9 billion, became an emblem of Silicon Valley malfeasance after it came to light that Balwani and Holmes misled investors even as the product failed to work. She has been ordered to report to prison on April 27, 2023. Holmes received her sentence from Davila at the same courthouse on Nov. Balwani, 57, was convicted in July on 12 counts of fraud and conspiracy after persuading investors and patients to trust the company's faulty blood testing devices. Balwani had asked for a sentencing date of Jan.
His sentence was slightly longer than that given to the chief executive, who was his lover and accomplice in one of Silicon Valley's biggest scandals. Balwani ...
Balwani and Holmes met around the same time she dropped out of Stanford University to start Theranos in 2003. Prosecutors for the justice department asked for 15 years. “Mr Balwani is not the same as Elizabeth Holmes,” his lawyers wrote in a memo to the judge. Balwani was convicted on all 12 felony counts, and his lawyers sought a far more lenient sentence of just four to 10 months in prison. Balwani was convicted in July of fraud and conspiracy connected to the company’s bogus medical technology that duped investors and endangered patients. His sentence was slightly longer than that given to the chief executive, who was his lover and accomplice in one of Silicon Valley’s biggest scandals.
A judge in the US has sentenced former Theranos executive Ramesh “Sunny” Balwani to nearly 13 years in prison for his role in the company's blood-testing ...
Balwani and Holmes met around the same time she dropped out of Stanford University to start Theranos in 2003. Prosecutors for the justice department asked for 15 years. “Mr Balwani is not the same as Elizabeth Holmes,” his lawyers wrote in a memo to the judge. Balwani was convicted on all 12 felony counts, and his lawyers sought a far more lenient sentence of just four to 10 months in prison. Balwani was convicted in July of fraud and conspiracy connected to the company’s bogus medical technology that duped investors and endangered patients. His sentence was slightly longer than that given to the chief executive, who was his lover and accomplice in one of Silicon Valley’s biggest scandals.
Ramesh 'Sunny' Balwani, 57, was sentenced on Wednesday to almost 13 years in prison for his role in the Theranos fraud - more than company founder Elizabeth ...
Above, Holmes speaks to a laboratory employee in the 2019 HBO documentary Some of the biggest names included: the founders of Walmart, who gave $150million; Rupert Murdoch, who invested $125million; the Devos family office put in $100million. In court documents, Balwani's lawyers painted him as a hardworking immigrant who moved from India to the U.S. Balwani, 57, is the former business partner and secret lover of Holmes (left), with whom she built a fraudulent empire selling snake oil. In addition to the scions of the Cox telecommunications family who lost $100million, as well as the Mexican tycoon Carlos Slim, Robert Kraft and the Oppenheimer family who once owned De Beers diamonds Balwani is not the same as Elizabeth Holmes,' his lawyers wrote in a memo to the judge. Balwani and Holmes met around the same time she dropped out of Stanford University to start Theranos in 2003. The Theranos scandal - one of the biggest to rock Silicon Valley in years - has been dissected in a book, HBO documentary, and award-winning TV series. She was sentenced last month to 11 years, after the jury in her trial acquitted her of some charges and was undecided on others. The former chief operating officer of disgraced blood-testing start-up Theranos was sentenced to nearly 13 years in prison on Wednesday for fraud. - On Wednesday, Balwani was sentenced to 13 years, having been convicted in July of fraud and conspiracy - Holmes, 38, was sentenced to 11 years in prison for her role in defrauding investors in the blood testing startup
Sunny Balwani, the onetime COO and president of Theranos, was sentenced Wednesday in federal court on fraud charges, after Elizabeth Holmes was sentenced ...