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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.
Former Theranos President and COO Ramesh "Sunny" Balwani leaves after a hearing at a federal court in San Jose, California, U.S., July 17, 2019. REUTERS/Stephen Lam (Stephen Lam / reuters)
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]
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 ...
Ramesh "Sunny" Balwani, former president and chief operating officer (COO) of Theranos and ex-boyfriend of founder Elizabeth Holmes, leaves after the opening day of his federal trial for wire ...
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.
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A jury on Thursday convicted former Theranos executive Ramesh “Sunny” Balwani of collaborating with disgraced Theranos CEO Elizabeth Holmes in a massive fraud involving the blood-testing ...