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Thursday, February 29, 2024

Former Theranos govt Sunny Balwani is sentenced to nearly 13 years in jail

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Ramesh Balwani has been sentenced to 155 months, or simply beneath 13 years, in jail, according to The New York Times. Like his former enterprise associate, Theranos founder Elizabeth Holmes, he’s due one other three years of supervised launch after he will get out. Balwani should give up to custody on March fifteenth.

In July, Balwani, often known as Sunny, was convicted on 10 counts of wire fraud and two counts of conspiracy to commit wire fraud for his actions whereas he was president and COO of Theranos. In contrast to Holmes, who was discovered responsible of solely defrauding buyers, Balwani was discovered responsible of deceiving each buyers and sufferers.

A part of Balwani’s function at Theranos was overseeing the labs on the blood testing firm. Theranos as soon as claimed that it might check a couple of drops of a affected person’s blood for a litany of illnesses till a 2015 Wall Road Journal exposé revealed the tech didn’t live up to its promises.

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