Elizabeth Holmes

NEW YORK — Ramesh "Sunny" Balwani, the former romantic partner of Elizabeth Holmes and president of disgraced blood testing company Theranos, was sentenced ...

In addition to 155 months in prison, Balwani was ordered to serve three years of probation after the sentence. The company, once valued at $9 billion, became an emblem of Silicon Valley malfeasance after it came to light that Balwani and Holmes misled investors even as the product failed to work. She has been ordered to report to prison on April 27, 2023. Holmes received her sentence from Davila at the same courthouse on Nov. Balwani, 57, was convicted in July on 12 counts of fraud and conspiracy after persuading investors and patients to trust the company's faulty blood testing devices. Balwani had asked for a sentencing date of Jan.

A judge in the US has sentenced former Theranos executive Ramesh “Sunny” Balwani to nearly 13 years in prison for his role in the company's blood-testing ...

Balwani and Holmes met around the same time she dropped out of Stanford University to start Theranos in 2003. Prosecutors for the justice department asked for 15 years. “Mr Balwani is not the same as Elizabeth Holmes,” his lawyers wrote in a memo to the judge. Balwani was convicted on all 12 felony counts, and his lawyers sought a far more lenient sentence of just four to 10 months in prison. Balwani was convicted in July of fraud and conspiracy connected to the company’s bogus medical technology that duped investors and endangered patients. His sentence was slightly longer than that given to the chief executive, who was his lover and accomplice in one of Silicon Valley’s biggest scandals.

The sentence is longer than the one for the company's founder and CEO, Elizabeth Holmes, who received more than 11 years in prison for her part in the ...

Balwani is not the same as Elizabeth Holmes,” his lawyers wrote in a memo to the judge. “”He actually invested millions of dollars of his own money; he never sought fame or recognition; and he has a long history of quietly giving to those less fortunate.” Balwani’s lawyers also asserted that Holmes “was dramatically more culpable” for the Theranos fraud. Balwani and Holmes met around the same time she dropped out of Stanford University to start Theranos in 2003. “Balwani maintained this façade of accomplishments, after making the calculated decision that honesty would destroy Theranos.” He graduated from the University of Texas in 1990 with a degree in information systems. [India](https://fortune.com/company/indian-oil) to the U.S. [of fraud and conspiracy](https://apnews.com/article/ramesh-balwani-theranos-verdict-d9fb19f13a1c930a6ff091dff10a0b5d) connected to the company’s bogus medical technology that duped investors and endangered patients. Davila deferred a decision on restitution to a later hearing, just as he did during Holmes’ Nov. “Balwani presented a fake story about Theranos’ technology and financial stability day after day in meeting after meeting,” the prosecutors wrote in their memo to the judge. His sentencing came less than three weeks after Elizabeth Holmes, the company’s founder and CEO, [received more than 11 years in prison](https://apnews.com/article/elizabeth-holmes-technology-health-sentencing-crime-7ea71f015b874c6e454dcdd4f0857bd4) for her part in the scheme, which has been dissected in a book, [HBO](https://fortune.com/company/hbo) documentary and award-winning [TV](https://fortune.com/company/gray-television) series. Former Theranos executive Ramesh “Sunny” Balwani was sentenced Wednesday to nearly 13 years in prison for his role in the company’s blood-testing hoax — a sentence slightly longer than that given to the CEO, who was his lover and accomplice in one of Silicon Valley’s biggest scandals. After years of promoting the technology, Holmes and Balwani were warned that the blood tests were inaccurate, but they continued to raise money from investors, including from billionaires such as software magnate Larry Ellison and media magnate Rupert Murdoch, and deployed the technology in some Walgreens stores.