Indian-origin former Theranos executive sentenced to nearly 13 years in prison for fraud

Updated: Dec 8 2022 10:20AM

New York, Dec 8 (PTI) Ramesh “Sunny” Balwani, the Indian-origin former chief operating officer of a failed blood-testing start-up, has been sentenced to nearly 13 years in prison for fraud in which prosecutors said he risked patient health and defrauded the company’s investors of millions of dollars in a bid to become a "Silicon Valley titan".

In July, a jury found Balwani, 57, guilty on all 12 felony counts of defrauding Theranos investors and the patients that used the company's unreliable blood tests.

Balwani, who is from Fremont, was sentenced on Wednesday in California to 12 years and 11 months in federal prison for fraud that risked patient health by misrepresenting the accuracy of Theranos blood analysis technology and that defrauded the company's investors of millions of dollars, US Attorney Stephanie Hinds said.