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Balwani was found guilty on all counts, [6] and was sentenced to 12 years and 11 months, plus three years of probation and surrendered on April 20, 2023. [7] [8] Holmes and Balwani were further ordered to pay $452 million to the victims of the fraud, with responsibility for the payment shared between them. [9]
Where is former Theranos president/COO Ramesh 'Sunny' Balwani now? What happened to him, and what to know about his conviction, 13-year sentence, and jail time.
In the final hours before a deadline to surrender to federal prison, former Theranos executive Ramesh “Sunny” Balwani has delayed his incarceration on multiple fraud convictions.
The notice serves as an appeal of the verdicts reached by the 12-member jury and of San Jose District Court Judge Edward Davila’s sentence this month ordering Balwani to serve nearly 13 years in ...
The fate of Ramesh "Sunny" Balwani, once a high-flying Silicon Valley executive, is now in the hands of a jury, pushing the infamous biotech startup Theranos' story closer to a finale.
In 2018, the U.S. Securities and Exchange Commission (SEC) charged Theranos, Holmes, and former Theranos chief operating officer (COO) Ramesh "Sunny" Balwani with raising $700 million from investors through a fraud involving false or exaggerated claims about the accuracy of the company's blood-testing technology; Holmes settled the charges by ...
“Sunny Balwani did not start Theranos. He did not control Theranos. Elizabeth Holmes, not Sunny, founded Theranos and built Theranos,” Balwani’s lawyer, Stephen Cazares, said.
Balwani faces up to 20 years in prison and a fine of $250,000 for each charge. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach ...