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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]
LITTLE ROCK, Ark. – Arkansas State Police has confirmed that a person died after being involved in a vehicle fire on Interstate 530 Friday afternoon. Officials said the fire broke out after a ...
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 ...
The couple moved into an apartment together in 2005. Although Balwani did not officially join Theranos until 2009, when he was given the title of chief operating officer, he was advising Holmes behind the scenes from the company's inception. [10] Balwani left Theranos in 2016 in the wake of investigations.
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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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