Theranos’s former No. 2 executive could be facing an unusual white-collar criminal punishment: being sentenced to a longer prison term than his boss, who was at the center of the fraud at her company
Theranos Inc.’s former No. 2 executive could face an unusual white-collar criminal punishment: the possibility of being sentenced to a longer prison term than his boss, who was at theRamesh “Sunny” Balwani faces sentencing in federal court Wednesday after beingMr. Balwani’s former business partner and ex-girlfriend, Theranos founder Elizabeth Holmes, was
U.S. District Judge Edward Davila could choose to give Mr. Balwani more time in prison than Ms. Holmes because he was found guilty on eight additional counts, lawyers said. Judge Davila, who also oversaw Ms. Holmes’s trial, Should Judge Davila decide that Mr. Balwani should be penalized for risking patient health, that would increase his sentencing range to between 14 years and 17½ years, according to federal sentencing guidelines.
. She was acquitted on the charges she defrauded patients, and the jury couldn’t reach a verdict on another three fraud counts. The pair were indicted together in 2018 but Judge Davila severed the case in March 2020, leading to separate trials with separate juries. Judge Davila made clear during Ms. Holmes’s sentencing that he considered her fraud a serious matter and would adhere closely to federal sentencing guidelines. That doesn’t bode well for Mr. Balwani, whose request to limit his punishment to probation or home confinement seems like an improbable wish, lawyers said.The probation officer found that Mr. Balwani’s crimes fall into the most serious offense category specified by U.S.
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Prosecutors seek 15-year term for Theranos' ex-President Ramesh 'Sunny' Balwani - Silicon Valley Business JournalElizabeth Holmes got an 11-year prison sentence for her role in the Theranos case. But prosecutors want 15 years for the company's former president, Ramesh 'Sunny' Balwani.
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