Person
Ramesh Balwani
Chief operating officer and president of Theranos; convicted on all counts in 2022.
- worked at Theranos (board member, chief operating officer and president) Sep 2009 – Jul 2016
SEC v. Theranos, Holmes and Balwani
- Charged by U.S. Securities and Exchange Commission: fraud on investors 1
United States v. Balwani
- Convicted by U.S. District Court for the Northern District of California: all counts; sentenced to 155 months; affirmed by the Ninth Circuit on 24 February 2025 23
A charge is an accusation, not a finding of guilt.
Connections 4
worked at
charged by
- U.S. Securities and Exchange Commission 14 Mar 2018 fraud on investors Primary record 1
convicted by
- U.S. District Court for the Northern District of California 7 Jul 2022 all counts; sentenced to 155 months; affirmed by the Ninth Circuit on 24 February 2025 Primary record 23
involved in
- Trials of Elizabeth Holmes and Ramesh Balwani defendant Primary record 2
Timeline 3 dates
- Sep 2009 – Jul 2016 Ramesh Balwani worked at Theranos
- 14 Mar 2018 Ramesh Balwani charged by U.S. Securities and Exchange Commission
- 7 Jul 2022 Ramesh Balwani convicted by U.S. District Court for the Northern District of California
Proof 3 sources
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Theranos, CEO Holmes, and Former President Balwani Charged With Massive Fraud (press release 2018-41), U.S. Securities and Exchange Commission, 14 Mar 2018.
Primary record
Archived copy
The Securities and Exchange Commission today charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh “Sunny” Balwani with raising more than $700 million from investors through an elaborate, years-long fraud
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Theranos President Sentenced To More Than 12 Years For Fraud That Jeopardized Patient Health And Bilked Investors Of Millions, U.S. Attorney’s Office, Northern District of California, 7 Dec 2022.
Primary record
Archived copy
On July 7, 2022, after a four month trial, a federal jury convicted Balwani of all counts.
Ramesh “Sunny” Balwani was sentenced today to 155 months (12 years, 11 months) in federal prison
Balwani, 57, of Fremont, Calif., was employed from September 2009 through July 2016 at Theranos, Inc. Over time he held the positions of board member, chief operating officer and president.
Balwani was tried separately from Holmes, and in her trial Holmes was not convicted of all counts.
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Theranos exec Sunny Balwani sentenced to 13 years in prison for defrauding patients and investors, TechCrunch, 7 Dec 2022.
Scholarship & press
“He’s not Ms. Holmes. He did not pursue fame and fortune,” said Balwani’s attorney Jeffrey Coopersmith.
Page history 1 change
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