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Ex-Theranos President Balwani Merits 15 Years in Prison, US Says

Dec. 1, 2022, 12:00 PM

Ex-Theranos Inc. President Ramesh “Sunny” Balwani should spend 15 years in prison for defrauding investors and patients, prosecutors said. His lawyers countered he should be spared jail entirely.

The recommendations were filed at federal court in San Jose, California, one week before Balwani’s sentencing by US District Judge Edward Davila. Last month, the judge handed ex-Theranos chief executive officer Elizabeth Holmes an 11 year jail term.

Davila’s decision will reveal whether he views Balwani’s role in the fraud as deeper and more involved than Holmes’s. Whereas Holmes was acquitted of charges she defrauded patients, Balwani was convicted on those ...