Elizabeth Holmes’ ex-boyfriend and Theranos’ former COO Ramesh “Sunny” Balwani was sentenced to 155 months in prison – a month shy of 13 years – Wednesday after he was previously found guilty on 12 charges of fraud for his actions related to the blood-testing company.
Balwani, who had initially pleaded not guilty to the charges, was accused of defrauding investors and patients by misrepresenting Theranos’ blood-testing product that they claimed could detect diseases with just a bit of blood. He was found guilty of 10 counts of federal wire fraud and two counts of conspiracy to commit wire fraud.
Balwani, who had initially pleaded not guilty to the charges, was accused of defrauding investors and patients by misrepresenting Theranos’ blood-testing product that they claimed could detect diseases with just a bit of blood. He was found guilty of 10 counts of federal wire fraud and two counts of conspiracy to commit wire fraud.
- 12/7/2022
- by Tomás Mier
- Rollingstone.com
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