Sunny Balwani, Elizabeth Holmes’ former partner, was sentenced in Theranos fraud case. Balwani was convicted of 12 counts of fraud and conspiracy in July. Ramesh Sunny Balwani. The former romantic partner of Elizabeth Holmes and president of Theranos was sentenced Thursday to 12 years in prison.07-Dec-2022 10 Sunny Balwani, Elizabeth Holmes’ former partner, was sentenced in Theranos fraud case. Balwani was convicted of 12 counts of fraud and conspiracy in July. Ramesh Sunny Balwani. The former romantic partner of Elizabeth Holmes and president of Theranos was sentenced Thursday to 12 years in prison.
U.S. v. Elizabeth Holmes, et al.
On June 14, 2018, a grand jury handed down an indictment that named Elizabeth Holmes and Ramesh “Sunny” Balwani as defendants for their separate roles in two multimillion-dollar marketing campaigns for the Palo Alto, California-based Theranos. On July 14, 2020, and once more on July 28, 2020, the indictment was repealed. The charges were the culmination of a six-year investigation by the Department of Justice (DOJ) into what federal prosecutors called “a fraud scheme to defraud investors and deceive consumers about the safety and efficacy of their blood testing products.” In a statement released by the DOJ, Holmes said she was “pleased” that the charges had been dismissed. “I have always maintained my innocence,” she said. “I am grateful to the many people who supported me and worked so hard to help me clear my name.
U.S. v. Ramesh “Sunny” Balwani
U.S. v. Ramesh Balwani: How the FBI and DOJ Went After an Entrepreneur Who Just Made $250 Million The Justice Department has announced that Ramesh “Ramesh” Balwani, a former hedge fund manager who made a reported $250 million, will be charged with violating U.S. sanctions against Iran. Balwani was indicted in New York last week, along with two of his business partners, and the U.S. government alleges that the three have laundered more than $100 million from Iran through shell companies and offshore bank accounts, according to court documents.
U.S. v. Elizabeth Holmes
U.S. v. Elizabeth Holmes UNITED STATES OF AMERICA, Plaintiff-Appellee,v.ELIZABETH HOLMES, Defendant-Appellant. Docket No. 12-1110 Argued: June 3, 2013Decided: July 19, 2013 Before: ROGERS, TASHIMA, and WARDLAW, Circuit Judges.
Former Theranos executive Sunny Balwani is convicted of fraud
Former Theranos Executive Convicted of Fraud: Sunny Balwani Pleads Guilty to Charges in the United States The U.S. Securities and Exchange Commission (SEC) announced today that Sunny Balwani, a former executive at Theranos Inc., has pleaded guilty to securities fraud charges for his role in misrepresenting the company’s finances. In addition, the SEC announced that Balwani agreed to pay a $100,000 penalty. The SEC also ordered him to cease and desist from further violations of the federal securities laws and barred him from serving as an officer or director of a public company for 10 years.
Elizabeth Holmes’ Business Partner Sunny Balwani Sentenced To 13 Years In Prison
For his involvement in the failing blood-testing start-up, Balwani was found guilty on 12 charges of wire fraud and conspiracy to conduct wire fraud in July.
Executives at Theranos made false claims about the product’s ability to identify ailments using a few drops of blood from a finger prick.
Last month, Holmes received a jail term of more than 11 years (135 months).
At the conclusion of an almost four-hour sentencing session on Wednesday, Balwani was given a sentence of 155 months in jail but remained silent. Like Holmes, he intends to appeal, according to his attorneys.
He was convicted of scamming patients who utilized the blood tests, unlike Holmes. On four counts of fraud, Holmes was found guilty.
Theranos victims asked to weigh in on sentencing for Elizabeth Holmes and Sunny Balwani
Theranos victims asked to weigh in on sentencing for Elizabeth Holmes and Sunny Balwani
1. Share this: Elizabeth Holmes, founder and former CEO of the blood-testing company Theranos, arrives at U.S. District Court in San Jose, California, U.S., July 19,
- REUTERS/Stephen Lam Theranos founder Elizabeth Holmes arrives at U.S. District Court in San Jose, California, U.S., July 19,
Conclusion
The conclousion Sunny Balwani Elizabeth Holmes is the second solo studio album by American recording artist and rapper Cardi B, released on May 6, 2018, by Atlantic Records. The album was supported by the singles “Bodak Yellow” (featuring Migos), “I Like It”, “Be Careful”, “Motorsport” and “Bartier Cardi”.
