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

Former Theranos main operating serviceman and president Ramesh "Sunny" Balwani was sentenced to astir 13 years successful situation Wednesday for fraud, aft the unraveling of the blood-testing juggernaut prompted transgression charges successful California national tribunal against some Balwani and Theranos laminitis Elizabeth Holmes, who connected Nov. 18 was sentenced to much than 11 years successful prison.

During the sentencing hearing, attorneys for Balwani attempted to pin the blasted connected Holmes, telling U.S. District Court Judge Edward J. Davila that "decisions were made by Elizabeth Holmes."

Davila had acceptable a sentencing scope of 11 years positive 3 months to 14 years, but prosecutors contiguous sought a 15-year condemnation fixed his "significant" oversight relation astatine Theranos' laboratory business.

The last line condemnation was 155 months, positive 3 years of probation. Davila acceptable a Mar. 15, 2023, surrender date.

Balwani and Holmes, erstwhile romanticist partners, helmed Theranos arsenic the institution enjoyed a meteoric rise, attracting backers ranging from the DeVos household to quality magnate Rupert Murdoch. It was 1 of Murdoch's publications, The Wall Street Journal, that archetypal reported connected irregularities with Theranos' purportedly revolutionary blood-testing machines.

As COO, Balwani managed some the laboratory concern and the fiscal aspects of the company. Theranos was marred with repeated failures during his tenure, including falsified documents and erroneous trial results.

"I americium liable for everything astatine Theranos," Balwani said successful a message to Holmes. Balwani assumed wide work for day-to-day operations astatine the company.

Theranos claimed the machines required conscionable a fewer drops of humor to tally and could execute much than 1,000 tests. In reality, the Journal reported the institution could lone process a small implicit a twelve tests. The Journal's reporting yet prompted the company's dissolution successful 2018 and, later, the apprehension of Balwani and Holmes connected fraud charges.

Balwani's sentencing successful national tribunal marks the extremity of the Theranos saga, which enthralled the nationalist and prompted documentary films and caller treatments.

With a star-studded capitalist list, a captivating laminitis who drew comparisons to Apple's Steve Jobs, and a perchance revolutionary technology, the institution for a clip represented the apex of Silicon Valley ingenuity.

The revelations astir Theranos brought astir a stunning autumn from grace for some Balwani and Holmes, who were successful a narration for overmuch of their tenure astatine the company. Holmes accused Balwani of maltreatment successful tribunal proceedings, providing substance messages and contemporaneous notes from their narration arsenic evidence.

"Kill the aged Elizabeth," Balwani purportedly told her.

Balwani perpetrated a "decade-long run of intelligence abuse," Holmes' lawyers argued. Balwani is astir 20 years older than Holmes, who testified that helium managed the laboratory and fiscal broadside of the business.

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