Ramesh “Sunny” Balwani, the former chief operating officer of failed startup Theranos and ex-boyfriend of founder Elizabeth Holmes, has reported to prison, according to his attorney
. “Mr Balwani turned himself in… smoothly without incident,” Jeffrey Coopersmith, Balwani’s attorney, said in an email to CNN on Thursday. “We will continue to fight for him because we do not believe that he received a fair trial.” Balwani’s arrival into custody marks an end to a years-long saga which saw him go from serving as a top executive at a high-flying Silicon Valley company to being one of the rare tech executives convicted for fraud.
The company began to unravel after a Wall Street Journal investigation in 2015 reported that Theranos had only ever performed roughly a dozen of the hundreds of tests it offered using its proprietary technology, and with questionable accuracy. Balwani, nearly 20 years older than Holmes, first met her in 2002 before she dropped out of Stanford. He served as an informal adviser to Holmes in Theranos’ earliest days and the two became romantically involved.
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Watch: Details of Ex-Theranos Exec Sunny Balwani's Sentence, Appeal ProcessFormer Theranos executive Sunny Balwani on Thursday was set to surrender to authorities after his federal fraud conviction. Legal analyst Steven Clark breaks down Balwani’s plight as he remains in custody through his appeal process.
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Elizabeth Holmes appeals 'unjust' conviction in Theranos fraud caseElizabeth Holmes, founder of the blood-testing lab Theranos, has filed an appeal of her Jan. 2022 conviction on four counts of fraud in connection with her time as chief executive of the company.
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