Ramesh 'Sunny' Balwani will discover Wednesday whether he will be punished as severely as his former lover and business partner Elizabeth Holmes for peddling Theranos bogus blood-testing technology
, the company's founder and CEO, received more than 11 years in prison for her role in the scheme.
The two trials had somewhat different outcomes. Unlike Balwani, Holmes was acquitted on several charges of defrauding and conspiring against people who paid for Theranos blood tests that produced misleading results and could have pointed patients toward the wrong treatment. The jury in Holmes' trial also deadlocked on three charges.
The Justice Department"has now conceded that both defendants deserve the same sentence, even though Balwani was convicted for far more counts," Levin said. Since Holmes got an 11-year sentence,"it follows logically that he will get the same sentence." Balwani and Holmes met around the same time she dropped out of Stanford University to start Theranos in 2003. He became enthralled with her and her quest to revolutionize health care.
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