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Former Theranos COO Sunny Balwani sentenced
to nearly 13 years in prison

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Posted By: Dreadnought, 12/7/2022 6:24:57 PM

Former Theranos chief operating officer and president Ramesh "Sunny" Balwani was sentenced to nearly 13 years in prison Wednesday for fraud, after the unraveling of the blood-testing juggernaut prompted criminal charges in California federal court against both Balwani and Theranos founder Elizabeth Holmes, who on Nov. 18 was sentenced to more than 11 years in prison. During the sentencing hearing, attorneys for Balwani attempted to pin the blame on Holmes, telling U.S. District Court Judge Edward J. Davila that "decisions were made by Elizabeth Holmes." Davila had set a sentencing range of 11 years plus 3 months to 14 years, but prosecutors today sought a 15-year sentence

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Reply 1 - Posted by: lakerman1 12/7/2022 6:39:42 PM (No. 1351527)
I don't understnd why the medical community remained silent about this obvious frauduent device. Could it be that attorney David Boies, representing the Company, was able to bully an entire industry? According to scientists working at Theranos, Boies was able to bully them into silence. (Boies, in case you people have forgotten, represented Algore in Bush v. Gore, in the 2000 presidential election.)
9 people like this.

Reply 2 - Posted by: FL_Absentee_Voter 12/7/2022 6:43:29 PM (No. 1351530)
Should have shown some contrition toward the investors. His partner never did and got 11 years. He blames her and gets 13 years. The crypto guy simply apologized and is still getting the celebrity treatment. (Of course, he also donated millions to the party in charge...)
16 people like this.

Reply 3 - Posted by: DVC 12/7/2022 7:04:36 PM (No. 1351541)
A few hundred million per year, I guess. Pretty good wages.
4 people like this.

Reply 4 - Posted by: padiva 12/7/2022 7:58:49 PM (No. 1351557)
Bubba's new playmate....
3 people like this.

Reply 5 - Posted by: hope27 12/7/2022 8:56:49 PM (No. 1351577)
rino gov doug ducey and state lawmakers changed Arizona law in 2015 to financially benefit like-minded frauds holmes, balwani, and theranos to prey upon az residents with the fake edison toy in local Walgreens.
1 person likes this.

Reply 6 - Posted by: DVC 12/7/2022 10:02:20 PM (No. 1351604)
Holmes had to have assistants to pull off this HUGE scam. All of them should spend a long time in prison.
5 people like this.

Reply 7 - Posted by: Rumblehog 12/8/2022 6:26:05 AM (No. 1351705)
Make it HARD LABOR and it will be a just decision.
2 people like this.

Reply 8 - Posted by: bighambone 12/8/2022 11:59:21 AM (No. 1352008)
Notice that a good portion of the individuals who are involved in high tech related fraud are actually of foreign origin. Many of them are also highly connected politically through large political financial contributions. That is no doubt a reason that many DC politicians appear to be pleased as punch to allow unlimited numbers of those foreign origin individuals and their families into the USA and the high tech industries.
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