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Ex-Theranos president Ramesh Balwani gets 13-year prison term in fraud case

Former Theranos Inc President and Chief Operating Officer Ramesh "Sunny" Balwani was sentenced to 13 years in prison for defrauding investors and patients of the company

Ramesh "Sunny" Balwani (Photo: Bloomberg)
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Joel Rosenblatt | Bloomberg
Former Theranos Inc. President and Chief Operating Officer Ramesh “Sunny” Balwani was sentenced to 13 years in prison for defrauding investors and patients of Theranos Inc., the blood-testing startup he ran alongside its founder and chief executive officer Elizabeth Holmes.
 
The sentence imposed Wednesday by US District Judge Edward Davila in San Jose, California, is far closer to the 15-year term prosecutors asked for than what Balwani’s lawyers sought — home detention or supervised release on probation. Davila last month ordered Holmes to serve 11 1/4 years in prison.

As he did with Holmes, the judge said he’ll decide later

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First Published: Dec 08 2022 | 7:55 AM IST

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