Who is Ramesh 'Sunny' Balwani?
- Balwani defrauded both the company's investors and the patients, the jury found
- He could face upto 20 years in prison
- Judge Edward Davila set his
Former Theranos executive Ramesh "Sunny" Balwani committed a massive fraud involving the blood-testing company after collaborating with disgraced Theranos CEO Elizabeth Holmes, a jury found Thursday. The 57-year-old has been found guilty of all 12 felony counts of defrauding.
According to the jury, Balwani defrauded both the company's investors and the patients who relied on unreliable blood tests that could have affected their health. He could face up to 20 years in prison. The Judge Edward Davila Balwani’s sentencing date for Nov. 15, and raised his bail amount to $750,000.
Theranos was a privately held health technology company founded by his then-girlfriend Elizabeth Holmes. Starting in 2015, the company came under criticism in the media due to its questionable claims and practices. Later, the company was liquidated.
Holmes was convicted on four counts of investor fraud and conspiracy earlier this year. She is scheduled to be sentenced in late September.
Balwani was born in Pakistan and attended Aitchison College, a prestigious boarding school in Lahore. Balwani speaks Urdu, Hindi and English. His family eventually moved to India "because being a Hindu in a mostly all-Muslim country of Pakistan was very difficult," according to Balwani's personal lawyer.
They later immigrated to the United States.
In 1987, Balwani began undergraduate studies at the University of Texas at Austin as an international student where he was a member of the Pakistani Students Association.
Balwani left the campus sometime after 1991 to begin working
In official documents from the late 1990s, he was known as Ramesh, his given name. By 2012, he was signing papers at Theranos as Sunny Balwani.
He was married to Japanese artist Keiko Fujimoto, with whom lived in San Francisco before their divorce in December 2002. He was in a romantic relationship with Elizabeth Holmes during his tenure at Theranos.
Balwani was portrayed by Naveen Andrews in the 2022 miniseries The Dropout, which documented his relationship with Holmes and his role within Theranos.