All articles tagged with #sunny balwani
Ramesh "Sunny" Balwani, former COO of Theranos, has surrendered himself to federal prison to serve his 155-month sentence for wire fraud and conspiracy convictions related to his role in the blood-testing startup. Balwani and founder Elizabeth Holmes raised nearly $1 billion from investors before the company was exposed as a fraud. Holmes is scheduled to surrender on April 27.
The US Court of Appeals for the 9th Circuit has rejected Sunny Balwani's effort to delay serving his prison term until his appeal is decided. Balwani, the former president and COO of Theranos, was convicted of 12 counts of wire fraud and conspiracy. His co-conspirator and former lover, Elizabeth Holmes, has filed her own motion to delay the start of her prison term, currently set to begin on April 27.
Sunny Balwani, former Theranos executive, will begin his 13-year prison sentence on April 20 after losing an appeal to remain free while he contests his conviction on fraud and conspiracy charges. Elizabeth Holmes, former CEO and Balwani's ex-lover, is set to report to prison on April 27 to begin her 11-year sentence for similar charges.
Former Theranos executive Sunny Balwani is set to begin his nearly 13-year prison sentence for his role in the blood-testing hoax he engineered with Elizabeth Holmes. Balwani's request to remain free while appealing his conviction on 12 counts of fraud and conspiracy was denied by a federal judge. Meanwhile, Holmes is still fighting to remain free while she appeals her conviction. Balwani will serve his prison term near a Southern California harbor instead of the Atlanta facility that he had been initially assigned.