1 month ago | By KMBC
A judge has sentenced former Theranos executive Ramesh "Sunny" Balwani to nearly 13 years in prison for his role in the company's blood-testing hoax.
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1 month ago | By Business Insider
Elizabeth Holmes leaves after a hearing at a federal court in San Jose, California, on July 17, 2019. Reuters/Stephen Lam
Elizabeth Holmes dropped out of Stanford at 19 to start Theranos and grew its value to $9 billion.
Later, technology flaws were exposed, resulting in a months-long trial where Holmes was found guilty on three counts of wire fraud and one count of conspiracy.
Holmes was sentenced to more than 11 years in prison late last month and will begin serving her time on April 27, 2023.
In 2014, blood-testing startup Theranos and its founder, Elizabeth Holmes , were on top of the...
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1 month ago | By Fortune
The former Theranos executive was accused of fraud. CEO Elizabeth Holmes was previously found guilty and sentenced to 11 years in prison.
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1 month ago | By ABC
The sentence is slightly longer than that given to the CEO, who was his lover and accomplice in one of Silicon Valley's biggest scandals.
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1 month ago | By Business Insider
Sunny Balwani, who had been Theranos' No. 2 person, was sentenced to nearly 13 years in prison on Wednesday. Stephen Lam/Reuters
Ramesh "Sunny" Balwani, former president and COO of now-defunct blood-testing startup Theranos, has been sentenced to 12 years and 11 months in prison and 3 years of probation.
Balwani was convicted in July on all 12 counts of fraud and conspiracy brought against him.
His sentencing comes weeks after his former business partner and ex-girlfriend, Theranos founder Elizabeth Holmes, was sentenced to more than 11 years in prison.
Ramesh "Sunny" Balwani has been...
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