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Sunny Balwani, former chairman of Theranos Inc., arrives in federal court in San Jose, California, Wednesday, Dec. 7, 2022.
David Paul Morris | Bloomberg | Getty Images
Former Theranos chief operating officer and president Ramesh “Sunny” Balwani was sentenced Wednesday to nearly 13 years in prison for fraud after revelations about a blood test led to criminal charges in California federal court against Balwani and Theranos founder Elizabeth Holmes, who are 18. it was new sentenced to more than 11 years in prison.
During the sentencing hearing, Balwani’s attorneys tried to pin the blame on Holmes, telling U.S. District Court Judge Edward J. Davila that “Elizabeth Holmes made the decisions.”
Davila’s sentence ranged from 11 years plus 3 months to 14 years, but prosecutors today sought a 15-year sentence because of his “significant” supervisory role in Theranos’ lab business.
The final sentence was 155 months and three years of probation. Davila set March 15, 2023, as the surrender date.
Balwani and Holmes, former romantic partners, ran Theranos as the company experienced a meteoric rise, attracting backers from the DeVos family to news magnate Rupert Murdoch. It was one of Murdoch’s publications, The Wall Street Journal, that first reported irregularities with Theranos’ supposedly revolutionary blood testing devices.
As COO, Balwani managed both the laboratory operations and the financial aspects of the company. Theranos has been marked by repeated mistakes during his tenure, including falsified documents and false test results.
“I’m responsible for everything at Theranos,” Balwani said message for Holmes. Balwani assumed broad responsibility for the day-to-day operations of the company.
Theranos claimed that the machines only need a few drops of blood to operate and can perform more than 1,000 tests. In reality, the Journal reported that the company was only able to process a little more than a dozen tests. The paper’s reporting ultimately led to the company’s dissolution in 2018 and the later arrest of Balwani and Holmes on fraud charges.
Balwani’s conviction in federal court marks the end of the Theranos saga, which has captivated the public and spurred documentaries and new treatments.
With a star-studded list of investors, a charming founder who has been compared to Apple’s Steve Jobs, and potentially revolutionary technology, the company for a time represented the pinnacle of Silicon Valley ingenuity.
The Theranos revelations led to a stunning fall from grace for both Balwani and Holmes, who had been in a relationship for much of their tenure at the company. Holmes accused Balwani of abuse in court proceedings, submitting text messages and notes from their relationship as evidence.
“Kill old Elizabeth,” Balwani allegedly told her.
Balwani committed a “decade-long campaign of psychological abuse,” Holmes’ lawyers argued. Balwani is nearly 20 years older than Holmes, who said he ran the lab and financial side of the business.
This is a developing story. Check for available updates.
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