Sunny Balwani and Elizabeth Holmes will both serve more than 10 years
The two former heads of the failed US-based blood testing start-up Theranos, Elizabeth Holmes and Ramesh ‘Sunny’ Balwani, have received prison sentences of more than a decade each. The repercussions on the fields of chemistry and medical diagnostics remain to be seen.
On 7 December, Balwani – Theranos’ former chief operating officer and Holmes’ ex-boyfriend – was sentenced to almost 13 years in federal prison, having been convicted in July of a total of 12 counts of fraud against both investors and patients.