Ramesh “Sunny” Balwani will be sentenced in federal court in San Jose, Calif., starting at 1 p.m. ET, after being convicted of 12 counts of wire fraud and conspiracy. He denied all the charges and his lawyers are asking for probation or home confinement.
Mr. Balwani’s former business partner and ex-girlfriend, Theranos founder Elizabeth Holmes, was sentenced last month to 11¼ years for four counts of criminal fraud tied to her now defunct blood-testing startup.
U.S. District Judge Edward Davila, who oversaw both trials, could choose to give Mr. Balwani more time in prison than Ms. Holmes because he was found guilty on additional counts, lawyers said. Judge Davila could find that investors suffered a larger loss due to Mr. Balwani’s fraud, or that Mr. Balwani recklessly put patients at risk of death or serious bodily injury, both of which could add years to his sentence.
Source: Theranos Founder’s Former Deputy and Boyfriend to Be Sentenced – WSJ
