![]() Ramesh Balwani was born in Sindh, Pakistan, into an upper middle-class Sindhi Hindu farming family. Holmes and Balwani were further ordered to pay $452 million to the victims of the fraud, with responsibility for the payment shared between them. He was sentenced to 12 years and 11 months, plus three years of probation and surrendered on April 20, 2023. Holmes was found guilty and sentenced to 11 years and 3 months in prison. Balwani and Holmes were criminally charged by federal authorities for operating the business as a multi-million-dollar scheme to defraud investors and patients. Starting in 2015, Theranos came under criticism in the media due to its questionable claims and practices. He was the second most important figure in the collapse of Theranos and its fraudulent claims to investors, that they had devised a revolutionary blood test that used very small amounts of blood such as that from a fingerstick. ![]() ![]() ![]() Ramesh " Sunny" Balwani (born June 13, 1965) is a businessman, former president and chief operating officer of Theranos, which was a privately held health technology company founded by his then-girlfriend Elizabeth Holmes. ![]() (2) counts of conspiring with Holmes, (6) counts of defrauding investors and (4) counts of patient fraud (2022) Incarcerated on Apat Terminal Island FCI. ![]()
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