Ramesh “Sunny” Balwani (born c. 1965) is an American businessman and former president and chief operating officer of Theranos, which was a privately held health technology company founded by his then-girlfriend Elizabeth Holmes.
How much is Sunny Balwani required to pay for bail?
Holmes, 37, faces a possible prison sentence of years in prison as well as a $250,000 fine and possible restitution. On July 7, 2022, Balwani was found guilty on all counts and faces up to 20 years in prison and millions of dollars in restitution and fines.
What is Sunny Balwani‘s criminal penalty?
Balwani had no reaction as the verdict was read at the U.S. District Court in San Jose, California, and stared straight ahead at Judge Edward Davila. Balwani’s family members could be seen consoling him, and his two brothers were by his side.
Former Theranos CO. Sunny Balwani Found Guilty on 12 Counts in Fraud. Balwani faces up to 20 years in prison and a fine of $250,000 for each charge.