January 10, 2023
Ex-Theranos executive Ramesh "Sunny" Balwani on Monday asked a California federal court to let him stay out of prison as he appeals his 13-year sentence for defrauding investors and patients with bogus blood-testing technology, arguing he does not pose a flight risk or danger to the community.
December 07, 2022
A California federal judge sentenced former Theranos executive Ramesh "Sunny" Balwani to almost 13 years in prison for defrauding investors and patients with bogus blood-testing technology on Wednesday, a month after the company's former CEO Elizabeth Holmes was sentenced to over 11 years for related crimes.
December 06, 2022
White collar experts expect the California federal judge sentencing ex-Theranos executive Ramesh "Sunny" Balwani for fraud Wednesday to order "real prison time" — likely even longer than the 11 years former company CEO Elizabeth Holmes received.
December 06, 2022
Ex-Theranos CEO Elizabeth Holmes asked a California federal judge Monday to let her stay out of prison while she fights her investor fraud conviction and prison sentence at the Ninth Circuit, arguing the pregnant mother isn't a flight risk or a risk to the community, and she's challenging "numerous substantial issues."
December 02, 2022
Ex-Theranos CEO Elizabeth Holmes notified a California federal judge Friday that she's appealing her investor fraud conviction and 11-year prison sentence to the Ninth Circuit, sending the closely watched criminal case to the appellate court for review after more than four years before the trial court.
December 01, 2022
Ex-Theranos executive Ramesh "Sunny" Balwani urged a California federal judge Wednesday to sentence him to probation for his investor and patient fraud conviction, arguing that he lost millions and never sought the "fame or media attention" his co-conspirator Elizabeth Holmes received, while prosecutors argued that his crimes warrant 15 years behind bars.
November 23, 2022
A California federal judge has recommended that convicted former Theranos CEO Elizabeth Holmes serve her 11-year, three-month sentence for defrauding investors in a minimum-security prison camp for female inmates in Texas, according to court documents.
November 21, 2022
Ex-Theranos CEO Elizabeth Holmes likely faces an uphill battle challenging her conviction in California federal court and recent sentence of 11 years behind bars for defrauding investors, given the detailed trial record and the amount of losses at issue, according to white collar legal experts.
November 18, 2022
A California federal judge sentenced former Theranos CEO Elizabeth Holmes on Friday to 11 years and 3 months in prison on four counts of defrauding investors with bogus blood-testing technology in a high-profile hearing that drew crowds and victims of the fraud to the Silicon Valley courthouse.
November 17, 2022
In anticipation of ex-Theranos CEO Elizabeth Holmes' fraud sentencing Friday, white collar experts interviewed by Law360 expressed doubts that U.S. District Judge Edward Davila will grant her request for home confinement, but said they expect less than the 15 years prosecutors seek and anticipate her surrender will be delayed pending appeal.