Sunny Balwani, the onetime COO and president of Theranos, was sentenced today in federal court on fraud charges, after Elizabeth Holmes was sentenced weeks ago.
Theranos COO Ramesh "Sunny" Balwani was sentenced in California federal court on Wednesday, after his conviction on fraud charges in the wake of the blood-testing startup's implosion.
Sunny Balwani, former president of Theranos Inc., arrives at federal court in San Jose, California, on Wednesday, Dec. 7, 2022.Former Theranos chief operating officer and president Ramesh "Sunny" Balwani was sentenced to nearly 13 years in prison Wednesday for fraud, after the unraveling of the blood-testing juggernaut prompted criminal charges in California federal court against both Balwani and Theranos founder Elizabeth Holmes, who on Nov.
Balwani and Holmes, former romantic partners, helmed Theranos as the company enjoyed a meteoric rise, attracting backers ranging from the DeVos family to news magnate Rupert Murdoch. It was one of Murdoch's publications, The Wall Street Journal, that first reported on irregularities with Theranos' purportedly revolutionary blood-testing machines.
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