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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 a press release from United States Lawyer Stephanie M. Hinds obtained by E! Information.
Along with his almost 13-year sentence, Balwani—who was discovered responsible by a federal jury of defrauding buyers, sufferers and docs via 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 must pay remains to be a pending resolution. A listening to is ready to be scheduled sooner or later.
Following the judgement, Hinds famous in a press release that Balwani’s sentence “ought to function a lesson to anybody contemplating fraud in their very own push for fulfillment.”