Ramesh ‘Sunny’ Balwani gets a nearly 13-year sentence for Theranos fraud : NPR

A federal decide in California sentenced former Theranos govt Ramesh “Sunny” Balwani to nearly 13 years in jail for his function in a multimillion-dollar fraud involving Theranos and its now-disgraced CEO, Elizabeth Holmes, who acquired an 11-year sentence in a separate trial.

In July, a jury discovered Balwani responsible on all 12 felony counts of defrauding Theranos traders and the sufferers that used the corporate’s unreliable blood exams.

In comparability, Holmes was convicted of 4 wire-fraud associated counts and sentenced to a little over 11 years in jail final month.

Balwani was Theranos’ second in command and Holmes’ former romantic associate, although Holmes has claimed the older-Balwani sexually and emotionally abused her throughout their relationship. Balwani has denied the allegations by means of his legal professional.

While operating the corporate, the 2 claimed that Theranos supplied never-before-seen know-how that might scan sufferers for a whole lot of sicknesses and different situations utilizing simply a few drops of blood. Holmes, a Stanford dropout, claimed her firm had accomplished what no different scientists did earlier than, by utilizing a proprietary blood-testing system.

Prosecutors maintained that these exams have been manipulated, the executives lied concerning the capabilities of each the exams and the system, whereas bilking nearly $1 billon from traders based mostly off of a lie.

The Associated Press contributed to this report.