Former Theranos CEO Bharatvanshi Balwani jailed for 13 years
NEW YORK (AP) — Ramesh Sunny Balwani, former CEO of failed blood-testing startup Theranos in the US, has been sentenced to 13 years in prison for fraud. Prosecutors alleged that in an effort to become a 'Silicon Valley titan', Balwani endangered the health of patients and defrauded the company's investors of hundreds of millions of dollars. Last July, a jury found Balwani, 57, guilty of 12 counts of defrauding Theranos investors and patients. Balwani, 12 and 11, was sentenced Wednesday in California. He was sentenced to be kept in jail for a month. US District Judge Edward Davila also ordered three years of supervised release from prison. , Hearing on how much fine Balwani will have to pay in the next few days. Will go Balwani has been ordered to surrender on March 15, 2023, to serve the sentence.
