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He was married to Japanese artist Keiko Fujimoto. [17] Fujimoto and Balwani lived in San Francisco before their divorce in December 2002. [36] Balwani was in a romantic relationship with Elizabeth Holmes during his tenure at Theranos. [37] [38] Holmes met him in 2002 at age 18, while still in school.
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 ...
On June 15, 2018, following an investigation by the U.S. Attorney's Office for the Northern District of California in San Francisco that lasted more than two years, a federal grand jury indicted Holmes and former Theranos chief operating officer and president, Ramesh "Sunny" Balwani, on nine counts of wire fraud and two counts of conspiracy to commit wire fraud.
Balwani’s trial began in California in March 2022 and ended on July 7 with a guilty verdict. The disgraced executive faced two counts of conspiracy to commit wire fraud, as well as nine counts ...
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Ramesh "Sunny" Balwani, 57, was sentenced to 155 months behind bars for a dozen wire fraud and conspiracy convictions tied to his role in the once high-flying blood-testing venture founded by Holmes.
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