By Madeline Halpert
BBC News, Washington
Ramesh "Sunny" Balwani, the business partner of disgraced Theranos founder Elizabeth Holmes, has been sentenced to nearly 13 years in prison.
Balwani was convicted in July of 12 counts of wire fraud and conspiracy to commit wire fraud for his role in the failed blood-testing start-up.
Theranos executives falsely claimed the product could diagnose illnesses with a few drops of blood from a finger prick.
Holmes was sentenced to over 11 years (135 months) in prison last month.
A judge sentenced Balwani on Wednesday to 155 months.
Once hailed as the "next Steve Jobs", Holmes was at one time said to be the world's youngest self-made billionaire.
She launched Theranos after dropping out of Stanford University at age 19, and its value rose sharply after the company claimed it could bring about a revolution in disease diagnosis.
Balwani, the company's former president and chief operating officer, served as her second-in-command and had direct oversight over the company's labs.
Though the two were originally charged together, their trials were separated after Holmes accused Balwani of emotional and physical abuse during their romantic relationship, which occurred during their time at Theranos. Balwani has denied those allegations, too.
Theranos' value skyrocketed after the company claimed it could use a small device to process blood samples, an invention they said would mark a revolution in the healthcare world. Holmes claimed the...
Read Full Story:
https://news.google.com/__i/rss/rd/articles/CBMiMWh0dHBzOi8vd3d3LmJiYy5jb20vb...