{"id":1766852,"date":"2022-12-07T18:02:59","date_gmt":"2022-12-07T23:02:59","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1766852"},"modified":"2022-12-07T18:48:19","modified_gmt":"2022-12-07T23:48:19","slug":"breaking-ex-theranos-exec-sunny-balwani-sentenced-to-nearly-13-years-in-prison","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-ex-theranos-exec-sunny-balwani-sentenced-to-nearly-13-years-in-prison\/","title":{"rendered":"BREAKING: Ex-Theranos Exec Sunny Balwani Sentenced To Nearly 13 Years In Prison"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbreaking-ex-theranos-exec-sunny-balwani-sentenced-to-nearly-13-years-in-prison%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1766852&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Ramesh \u201cSunny\u201d Balwani, 58, the former president of the fraudulent biotech company Theranos, was sentenced to nearly 13 years in prison on Wednesday for fraud.<\/p>\n<p>Prosecutors originally recommended Balwani receive at least 15 years in prison, which would be a longer sentence than what Elizabeth Holmes, the founder and face of Theranos, received in October, NBC News <a href=\"https:\/\/www.nbcnews.com\/business\/business-news\/former-theranos-executive-sunny-balwani-sentenced-fraud-conviction-rcna60512\">reported<\/a>.<\/p>\n<p>Theranos rose to fame on promises of quick and easy blood tests for hundreds of conditions based on just a drop of blood. The company raised millions of dollars from high-profile donors including Bill Gates and Henry Kissinger. Though the company was lauded by the Obama administration, with then-Vice President Joe Biden touring the company as part of a publicity stunt, a series of investigative articles from The Wall Street Journal\u2019s John Carreyrou revealed the company was lying about its underlying technology.<\/p>\n<p>While Holmes was the face of the company, hailed in the media for being a female tech entrepreneur, Balwani oversaw the company\u2019s labs and ensured faulty test results would be ignored.<\/p>\n<p>\u201cMr. Balwani knew that Theranos was not generating, and would not generate, any meaningful revenue by being honest with people,\u201d said U.S. Attorney Jeff Schenk, according to NBC. \u201cSo he chose a different path.\u201d<\/p>\n<p>At her trial, Holmes argued that she was simply a young, na\u00efve, and ambitious woman who relied on the wrong people to get her company started. When Holmes actually testified, however, she presented herself the way she had done to investors when Theranos was still operating \u2013 as an expert about her company and its technology.<\/p>\n<p>Holmes also tried to blame Balwani of abuse, as the two were romantic partners while operating Theranos. Text messages between the two, however,\u00a0<a href=\"https:\/\/www.dailywire.com\/news\/texts-between-theranos-founder-elizabeth-holmes-and-ex-boyfriend-cast-doubt-on-her-abuse-claims\">showed a loving relationship,<\/a>\u00a0although Balwani had a reputation for treating employees poorly.<\/p>\n<p>In his documentary, \u201cThe Inventor,\u201d filmmaker Alex Gibney revealed that while Balwani was considered a tyrant to those who worked for him, he was deferential to Holmes and always appeared supportive of her.<\/p>\n<p>Other texts show Holmes and Balwani apparently discussing how to undermine the claims from two Theranos whistleblowers \u2014 Tyler Shultz and Erika Cheung. The two also discussed how they would respond to reporting from Carreyrou, who months later published a damning article showing that Theranos\u2019 machines could not perform the blood tests they claimed. Carreyrou\u2019s reporting revealed that Theranos was lying about its capabilities and using traditional blood analyzers to run most of its blood tests.<\/p>\n<p>Balwani <a href=\"https:\/\/www.dailywire.com\/news\/former-theranos-president-points-fingers-back-at-elizabeth-holmes-during-fraud-trial\">pointed the finger<\/a> back at Holmes at trial, saying that she founded and built Theranos and thus carried most of the blame.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ramesh \u201cSunny\u201d Balwani, 58, the former president of the fraudulent biotech company Theranos, was sentenced to nearly 13 years in prison on Wednesday for fraud. Prosecutors originally recommended Balwani receive at least 15 years in prison, which would be a longer sentence than what Elizabeth Holmes, the founder and face of Theranos, received in October, &#8230;<\/p>\n","protected":false},"author":126,"featured_media":1890635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"BREAKING: Ex-Theranos Exec Sunny Balwani Sentenced To Nearly 13 Years In Prison","footnotes":""},"categories":[541],"tags":[],"class_list":["post-1766852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"BREAKING: Ex-Theranos Exec Sunny Balwani Sentenced To Nearly 13 Years In Prison","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1766852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/126"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1766852"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1766852\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1890635"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1766852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1766852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1766852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}