Ramesh “Sunny” Balwani has been handed his destiny.
The 57-year-old—who served in a number of government positions at Theranos, the health technology company based by Elizabeth Holmes—was sentenced to 12 years and 11 months in federal jail on Dec. 7, per an announcement from United States Attorney Stephanie M. Hinds obtained by E! News.
In addition to his practically 13-year sentence, Balwani—who was discovered responsible by a federal jury of defrauding buyers, sufferers and docs by means of Theranos earlier this 12 months—was additionally given three years of supervision following his eventual launch from jail, which he has been ordered to give up and start serving on March 15, 2023.
The quantity of restitution Balwani should pay remains to be a pending determination. A listening to is about to be scheduled sooner or later.
Following the judgement, Hinds famous in an announcement that Balwani’s sentence “should serve as a lesson to anyone considering fraud in their own push for success.”