Former Theranos exec Sunny Balwani loses bid to remain out of prison during appeals

A federal judge has rejected former Theranos executive Ramesh “Sunny” Balwani’s bid to remain free while he appeals his conviction for crimes he committed during a blood-testing scam he orchestrated with his former boss and lover, Elizabeth Holmes.

The 17-page ruling issued late Thursday pushes Balwani, 57, a step closer to having to begin a nearly 13-year prison sentence he received after a jury convicted him of 12 counts of fraud and conspiracy last year.

Balwani is scheduled to report to prison on March 15 unless he can win a reprieve from a federal appeals court in a motion his lawyers say they plan to file.

Source: Former Theranos exec Sunny Balwani loses bid to remain out of prison during appeals