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Ramesh Balwani

All articles tagged with #ramesh balwani

crime3 years ago•2 min saved

Former Theranos Executive to Serve Prison Sentence After Appeal Fails

Former Theranos executive Ramesh "Sunny" Balwani will begin serving his nearly 13-year prison sentence on April 20 after an appeals court rejected his bid to remain free while he contests his conviction for carrying out a blood-testing hoax with his former boss and lover, Elizabeth Holmes. Balwani will serve his sentence in a prison near a harbor in San Pedro, California. Although they had separate trials, Holmes and Balwani were accused of essentially the same crimes centered on a ruse touting Theranos’ blood-testing system as a revolutionary breakthrough in health care.

via ABC News|

#crime #elizabeth-holmes #fraud

crime3 years ago•2 min saved

Former Theranos Executive to Serve Prison Sentence After Appeal Fails

via ABC News|

#crime #elizabeth-holmes #fraud

crime3 years ago•2 min saved

Former Theranos Executive Balwani Sentenced to Prison After Failed Appeal.

Ramesh Balwani, former executive of Theranos, will have to report to prison on April 20 after an appeals court rejected his request to remain free while he contests his conviction for carrying out a blood-testing hoax with his former boss and lover, Elizabeth Holmes. Balwani's nearly 13-year prison sentence was imposed in December 2020 after being convicted on 12 counts of fraud and conspiracy. Balwani's proposed reporting date is a week before Holmes is scheduled to begin her more than 11-year prison sentence.

via The Mercury News|

#crime #elizabeth-holmes #fraud

crime3 years ago•2 min saved

Former Theranos Executive to Serve Prison Sentence After Appeal Fails

Former Theranos executive Ramesh "Sunny" Balwani will begin serving his nearly 13-year prison sentence for carrying out a blood-testing hoax with his former boss and lover, Elizabeth Holmes, after an appeals court rejected his bid to remain free while he contests his conviction. Balwani's proposed reporting date is April 20, a week before Holmes is scheduled to begin her more than 11-year prison sentence. Both were accused of essentially the same crimes centered on a ruse touting Theranos’ blood-testing system as a revolutionary breakthrough in health care.

via ABC News|

#crime #elizabeth-holmes #fraud

crime3 years ago•2 min saved

Former Theranos Executive to Serve Prison Sentence After Appeal Fails

Former Theranos executive Ramesh "Sunny" Balwani will soon be heading to prison to serve his nearly 13-year sentence for his role in the blood-testing hoax carried out with his former boss and lover, Elizabeth Holmes. Balwani's appeal to delay the start of his sentence was rejected by the Ninth Circuit Court of Appeals, and he has proposed to report to prison on April 20. Balwani's proposed reporting date is a week before Holmes is scheduled to begin her own 11-year prison sentence. Both were accused of fraud and conspiracy for touting Theranos' blood-testing system as a revolutionary breakthrough in health care, resulting in the company's collapse and a criminal case that exposed Silicon Valley greed and hubris.

via SFGATE|

#crime #elizabeth-holmes #fraud

crime3 years ago•2 min saved

Former Theranos Executive to Serve Prison Sentence After Appeal Fails

Former Theranos executive Ramesh “Sunny” Balwani will have to report to prison on April 20 after an appeals court rejected his bid to remain free while he contests his conviction for carrying out a blood-testing hoax with his former boss and lover, Elizabeth Holmes. Balwani's nearly 13-year prison sentence still leaves open the question of when he will have to surrender to authorities. Balwani and Holmes were accused of essentially the same crimes centered on a ruse touting Theranos’ blood-testing system as a revolutionary breakthrough in health care.

via The Associated Press|

#crime #elizabeth-holmes #fraud

crime3 years ago•2 min saved

Former Theranos Executive to Serve Prison Sentence After Appeal Fails

Former Theranos executive Ramesh “Sunny” Balwani will begin serving his nearly 13-year prison sentence on April 20 after an appeals court rejected his bid to remain free while he contests his conviction for carrying out a blood-testing hoax with his former boss and lover, Elizabeth Holmes. Balwani will serve his sentence in a prison near a harbor in San Pedro, California. Both Balwani and Holmes were accused of essentially the same crimes centered on a ruse touting Theranos’ blood-testing system as a revolutionary breakthrough in health care.

via Yahoo News|

#crime #elizabeth-holmes #fraud

legal3 years ago•2 min saved

Former Theranos Executive Successfully Delays Prison Sentence

Former Theranos executive Ramesh “Sunny” Balwani has delayed the start of his nearly 13-year prison sentence for a blood-testing hoax he engineered with his former boss and lover, Elizabeth Holmes. Balwani's lawyer filed documents notifying U.S. District Judge Edward Davila that he wouldn’t be surrendering to authorities, citing a last-minute appeal of a recent Davila ruling rejecting Balwani’s request to remain free while trying to overturn his conviction on 12 counts of fraud and conspiracy. Balwani, 57, has been free on bail since a jury convicted him last July, triggering a clause that allows him to remain free on bail until the Ninth Circuit Court of Appeals weighs in on Davila’s ruling issued last week.

via The Associated Press|

#elizabeth-holmes #fraud #legal

legal3 years ago•3 min saved

Ex-Theranos COO avoids immediate incarceration on surrender deadline.

Former Theranos COO Ramesh "Sunny" Balwani has delayed his incarceration on multiple fraud convictions on the day he was ordered to report to custody by filing a notice in a California district court asserting his right to remain free pending an appeal of his convictions. Balwani was convicted on twelve counts of fraud and conspiracy against Theranos investors and customers in July 2021 and was sentenced to nearly 13 years in prison in December. He argues that his jury trial was unfair for multiple reasons and is appealing his convictions.

via Yahoo Finance|

#appeal #conviction #fraud