Ramesh “Sunny” Balwani has been handed his destiny.
The 57-calendar year-old—who served in numerous executive positions at Theranos, the well being technologies corporation established by Elizabeth Holmes—was sentenced to 12 yrs and 11 months in federal jail on Dec. 7, for each a statement from United States Attorney Stephanie M. Hinds acquired by E! News.
In addition to his almost 13-12 months sentence, Balwani—who was located responsible by a federal jury of defrauding traders, sufferers and medical doctors as a result of Theranos before this year—was also offered 3 yrs of supervision next his eventual launch from jail, which he has been purchased to surrender and start off serving on March 15, 2023.
The amount of restitution Balwani will have to pay out is continue to a pending decision. A listening to is set to be scheduled in the foreseeable future.
Adhering to the judgement, Hinds pointed out in a assertion that Balwani’s sentence “really should serve as a lesson to any person looking at fraud in their own drive for achievements.”