Ramesh "Sunny" Balwani, former president and chief operating officer of Theranos and ex-boyfriend of founder Elizabeth Holmes, arrives during jury deliberations at his federal trial for wire fraud and conspiracy to commit wire fraud in San Jose, California, U.S. June 28, 2022. REUTERS/Brittany Hosea-Small
Dec 1 - U.S. prosecutors have asked a judge to sentence former Theranos Inc President Ramesh "Sunny" Balwani to 15 years in prison for defrauding investors and patients in the blood-testing startup once led by Elizabeth Holmes. Balwani countered that probation, meaning no prison time, is sufficient, citing his own investment losses in a company once valued at $9 billion, and saying he never sought the "fame or media attention" that Holmes attracted as Theranos' public face.
The recommendations were filed on Wednesday night in the federal court in San Jose, California, where Balwani will be sentenced on Dec. 7 by U.S. District Judge Edward Davila.Holmes to 11-1/4 years in prison, calling Theranos a once-exciting venture "dashed by untruths, misrepresentations, plain hubris and lies."
Their punishment should be giving them various bits and bobs in prison and they have to make the technology work. They are released when its successful.
This guy is going thru some things
15 years too short.
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