Former Theranos executive Sunny Balwani has been sentenced to nearly 13 years in prison – BDStory

Ramesh Balwani has been sentenced to 155 months, or just under 13 years, in prison, according to The New York Times. Like his former business partner, Theranos founder Elizabeth Holmes, he must remain on supervised release for another three years after his release. Balwani will have to surrender to custody on March 15.

In July, Balwani, aka Sunny, was convicted of 10 counts of wire fraud and two counts of conspiracy to commit wire fraud for his actions while serving as president and COO of Theranos. Unlike Holmes, who was found guilty only of defrauding investors, Balwani was found guilty of defrauding both investors and patients.

Part of Balwani’s role at Theranos was to oversee the blood testing company’s laboratories. Theranos once claimed it could test a few drops of a patient’s blood for a litany of illnesses until 2015 Wall Street Journal exposé revealed that the technology failed to deliver on its promises.

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