Theranos Coo Sunny Balwani Begins 13Year Sentence For Wire Fraud

Former Coo Of Theranos Ramesh Sunny Balwani Surrendered To Federal Prison After Being Sentenced To 155 Months Behind Bars For Wire Fraud And Conspiracy Convictions Related To The Collapsed Bloodtesting Venture

Balwani Began Serving His Nearly 13Year Sentence At Fci Terminal Island Prison In California Image Credit Google

Cofounder Elizabeth Holmes Who Was Convicted On Similar Charges Is Set To Surrender On April 27Th

Holmes And Balwani Successfully Convinced Investors To Fund The Development Of A Compact Desktop Analyzer Capable Of Conducting A Comprehensive Range Of Blood Tests Using Just A Small Sample From A Patients Finger This Venture Raised An Impressive Sum Of Almost 1 Billion From Eager Investors

However A 2015 Wall Street Journal Report Revealed That Theranos Was Not Conducting The Array Of Blood Tests As Advertised Leading To Fraud Allegations Against Holmes And Balwani

Balwanis Sentence Was Determined Through A Calculation Concluding That He Defrauded 12 Theranos Investors Out Of A Whopping 120 Million His Lawyers Argued For A More Lenient Sentence Highlighting His Role As Holmes Subordinate

Despite This The Judge Challenged The Claim Noting That Balwani Was Also A Leader In The Company

Balwani And Holmes Were Indicted In 2018 With Their Trials Severed When Holmes Raised Allegations Of Abuse Against Her Former Romantic Partner

Jozie The Pro Bowl Cheerleader Shows Off Fit Physique In Swimsuit