Sunny Balwani

9 Stories

Sunny Balwani's Sentence Is Longer Than Elizabeth Holmes'

Ex-Theranos president and COO was convicted of 12 fraud, conspiracy counts in July

(Newser) - US District Judge Edward Davila has decided Ramesh "Sunny" Balwani should be punished more severely than his former lover and Theranos business partner Elizabeth Holmes. Balwani was sentenced to 155 months in federal prison Wednesday, just short of 13 years. Balwani was convicted of 12 fraud and conspiracy counts...

Judge Gives Elizabeth Holmes 11 Years for Theranos Fraud

Company founder has to report for prison in April

(Newser) - A federal judge on Friday handed disgraced biotech exec Elizabeth Holmes a prison sentence of more than 11 years for defrauding her investors. Prosecutors had sought a sentence of 15 years after the 38-year-old was convicted earlier this year of misleading investors in her now-defunct Theranos blood-testing company. She had...

Disgraced Theranos Exec Sunny Balwani Convicted

Jury convicts Elizabeth Holmes' former partner of defrauding investors, patients

(Newser) - Another conviction in the Theranos scandal : A jury on Thursday convicted former executive Ramesh “Sunny” Balwani of collaborating with CEO Elizabeth Holmes in a massive fraud involving the blood-testing company that once enthralled Silicon Valley. The 12 jurors found Balwani guilty on all 12 felony counts of defrauding both...

Sunny Balwani's Trial Could Be Key for Elizabeth Holmes

If he is found guilty, she could potentially use that when arguing for a lighter sentence

(Newser) - Elizabeth Holmes was found guilty in January of defrauding Theranos investors. Now begins the process of determining whether Theranos' former president and COO is guilty of similar crimes. Jury selection starts Wednesday in the trial of Ramesh "Sunny" Balwani, who also had a years-long romantic relationship with Holmes, who...

Sentencing Date Set for Elizabeth Holmes

Theranos founder will remain free on $500K bond until Sept. 26 sentencing

(Newser) - Theranos founder and convicted fraudster Elizabeth Holmes will learn her fate on Sept. 26, according to an order filed by US District Judge Edward J. Davila on Wednesday. Holmes, who turns 38 next month, could face up to 20 years on each of the four fraud charges she was convicted...

It Could Be Years Before Holmes Goes to Prison

Appeals process likely to be long, complicated

(Newser) - After a long, complicated trial for Theranos founder Elizabeth Holmes, the jury delivered a complicated verdict , which could make the appeals process tricky for her lawyers. The jury found Holmes guilty on four fraud counts, not guilty on four others, and they were deadlocked on three more. Lawyers tell the...

Elizabeth Holmes Weeps Under Cross-Examination

Cross-examination will continue December 7

(Newser) - One-time entrepreneur Elizabeth Holmes, under questioning by prosecutors, struggled Tuesday to recall key events that led to her facing criminal fraud charges for allegedly fleecing investors and customers of her failed blood-testing startup Theranos, the AP reports. Her cross-examination began the day after she shared painfully vivid memories of alleged...

Elizabeth Holmes Gives Graphic Testimony

Says Ramesh “Sunny” Balwani abused her

(Newser) - On Monday, Elizabeth Holmes testified to what her defense team has long hinted she would: abuse suffered at the hands of her ex-boyfriend, and the former president and chief operating officer of Theranos, Ramesh “Sunny” Balwani. Holmes said she got involved with Balwani shortly after being raped while studying...

Texts Expose Elizabeth Holmes' Romance With 'Tiger'

Theranos founder and Sunny Balwani met in 2002

(Newser) - The trial of Theranos founder Elizabeth Holmes involves a romance portion, with prosecutors diving into Holmes' longtime relationship with Ramesh "Sunny" Balwani. Holmes and Balwani, who himself faces fraud charges in a trial slated for early next year, met in a 2002 language-immersion session in China when they were...

9 Stories
Popular on Newser
We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.