Restitution will be decided at a later date. Balwani, 57, is also trying to convince U.S. District Judge Edward Davila to delay the start of his nearly 13-year prison sentence. By Kate Storey and Abigail Covington. Northern District of California | U.S. v. Elizabeth Holmes, et al. And upset with me for not doingeverything you wanted me to do.'. In November, disgraced Theranos founder Elizabeth Holmes was sentenced to 11 years in prison after a jury found her guilty of fraud for lying to investors about her company's technology, which she claimed could test for hundreds of diseases with a few drops of blood. Cant even move let alone do sit-ups or actually sit up. What Happened to Theranos CEO Elizabeth Holmes? Everything from Her Net The two originally bought the mansion in 2013 for $9 million. His whereabouts now have not been reported. On Dec. 7, Sunny was sentenced to nearly 13 years in prison, after being convicted of 12 fraud-related charges. Sunny Balwani and Elizabeth Holmes Go To Trial In June 2018, Holmes and Balwani, who was also Holmes' boyfriend for a time, were indicted on nine counts of wire fraud and two counts of. Updated: Oct 12, 2022 / 10:04 AM PDT. He has been ordered to report to prison on March 15, 2023. Korin Miller is a freelance writer specializing in general wellness, sexual health and relationships, and lifestyle trends, with work appearing in Mens Health, Womens Health, Self, Glamour, and more. But he received a very different verdict than that of his ex-girlfriend, former. Why hurting myself? Sunny's trial was being held in the same courtroom where Elizabeth was convicted earlier in January, and he faced the same charges. "Sunny Balwani did not start Theranos, he did not control Theranos, he did not have final decision-making authority at Theranos," said Balwani's attorney, Stephen Cazares. They also talked about how Balwani thought they were 'lazy' and 'disorganized'. Holmes sought to blame Balwani for her crimes, but was convicted of four charges - one count of conspiracy to commit wire fraud, and three counts of wire fraud. "The company was low on cash, and I knew of the mission and that what the company was trying to do was paramount and I offered to help the company and I ended up giving a $13 million personal loan," Balwani, a former software executive, said in court testimony obtained by podcast The Dropout.
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