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Former Theranos president Sunny Balwani was sentenced to nearly 13 years in prison


Photo Illustration: Shoshana Gordon/Axios Photo: Justin Sullivan/Getty Images

Ramesh “Sunny” Balwani, the former president and chief operating officer of the bankrupt blood-testing company Theranos, was sentenced Wednesday to 12 years and nine months in prison plus three years of probation.

News Movement: Balwani’s sentence comes less than three weeks after his former boss and girlfriend Elizabeth Holmes was jailed sentence of 11 years and 3 months which is scheduled to begin in April.

Flashback: California jury in July found Balwani guilty on 12 counts of conspiracy and fraud against certain Theranos investors and patients.

  • Judge Ed Davila sentenced both Balwani and Holmes, who prosecutors initially wanted to try together.

Behind the scenes: Prosecutors asked for a 15-year prison sentence for Balwani plus more than $800 million in restitution, while defense attorneys asked for probation.

  • Balwani declined to speak before the verdict.
  • Judge Davila will determine the specifics of restitution at a later date, as he has with Holmes.

Bottom line: Balwani’s defense strategy was to accuse Holmes of fraud at Theranos, just as Holmes had tried to accuse Balwani. Neither worked.

Go deeper:

Elizabeth Holmes sentenced to 11 years in prison for Theranos fraud

Theranos investigation reveals questionable investor due diligence

Editor’s note: Cox Enterprises, which invested in Theranos, is the parent company of Axios. This story has been corrected to reflect that Balwani was sentenced to 13 years in prison, not prison.


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