Former Theranos executive Ramesh 'Sunny' Balwani is to begin serving a 13-year prison sentence early next year after jurors found him guilty of fraud at the failed blood-testing startup. US District Court Judge Edward Davila sentenced Ramesh "Sunny" Balwani to nearly 13 years in prison, then 3 years of supervised release for his role in what prosecutors argued was a massive fraud perpetuated on Theranos investors and patients. Holmes's appeal said she is challenging the prison sentence handed down in November, as well as "any and all adverse rulings incorporated in, antecedent to, or ancillary to the judgment." Jurors found Balwani guilty on all 12 fraud counts filed by federal prosecutors, according to the court. During her trial, Holmes described Balwani as a controlling force at Theranos.

Source: The Star December 08, 2022 00:22 UTC