Sunny Balwani, Elizabeth Holmes’ former partner, sentenced in Theranos fraud case

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Balwani was convicted of 12 counts of fraud and conspiracy in July.

ByMax Zahn
December 8, 2022, 5:47 AM

Ramesh “Sunny” Balwani, the former romantic partner of Elizabeth Holmes and president of disgraced blood testing company Theranos, was sentenced Wednesday to 155 months, or nearly 13 years, in prison.

The sentencing in federal court comes less than three weeks after Holmes, the founder of Theranos, received 135 months, or 11 1/4 years, in prison for defrauding investors.

PHOTO: Ramesh "Sunny" Balwani, the former lover and business partner of Theranos CEO Elizabeth Holmes, arrives at federal court in San Jose, Calif., Wednesday, Dec. 7, 2022.
Ramesh “Sunny” Balwani, the former lover and business partner of Theranos CEO Elizabeth Holmes, arrives at federal court in San Jose, Calif., Wednesday, Dec. 7, 2022.
Jeff Chiu/AP

Balwani, 57, was convicted in July on 12 counts of fraud and conspiracy after persuading investors and patients to trust the company’s faulty blood testing devices. In addition to 155 months in prison, Balwani was ordered to serve three years of probation after the sentence. Restitution will be decided at a later date. He has been ordered to report to prison on March 15, 2023.

Balwani faced a sentence of 20 years for each of the 12 counts, but legal experts expect the sentences to be served at the same time, giving him a maximum sentence of 20 years.

Prosecutors filed a legal memorandum last week arguing that the severity of the fraud and the need to “promote respect for the law” warrant a prison term of 15 years for Balwani.

 

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