Former Theranos executive Sunny Balwani gets nearly 13-year prison sentence for his role in company'

[BumRushDaShow]

Source: NBC News

Ramesh "Sunny" Balwani, the former business partner of Theranos founder Elizabeth Holmes, was sentenced to nearly 13 years in federal prison and three years of probation Wednesday for his role in the disgraced blood-test company's years-long fraud.

U.S. prosecutors have recommended Balwani, 58, receive at least 15 years in prison after he was convicted in July on 12 counts of fraud.

It's a longer sentence than what Holmes received last month.

Theranos, which promised that its technology could quickly test for a range health conditions with just a pin-prick of blood, raised hundreds of millions of dollars in investment and attracted high-profile board members before collapsing after a series of investigative reporting that cast doubt on the company's viability.

Read more: https://www.nbcnews.com/business/business-news/former-theranos-executive-sunny-balwani-sentenced-fraud-conviction-rcna60512

[mucifer]

1. What sickens me is the charges were not for the harm they caused for false results but

for what it cost the shareholders.

[CurtEastPoint]

2. Oh, Sunny... womp womp

Sunny, yesterday my heart was filled with rain
Sunny, you smiled at me and really eased the pain
Oh, the dark days are done, and the bright days are here
My Sunny one shines so sincere
Sunny one so true, I love you

[BlueWaveNeverEnd]

8. i love that song

[NNadir]

3. It should have been longer, as should Ms. Holmes sentence should be.

I said it before, imagine if Ms. Holmes were a black woman convicted of holding up a bank for $2000. Eleven years? I don't think so.

Suppose Balwani were selling cigarettes on the streets of New York. The sentence for that was death.

[OnlinePoker]

4. He gets more time than Holmes did?

They should have received equal sentences at least, but she should have received more as the face and focus of the fraud.

[Hugh_Lebowski]

5. Females are generally treated worse than men in our society, but there's two obvious exceptions

1) Prison Terms for equivalent crimes, and
2) Divorce/Child Custody cases

Before you argue with me on the first one ... if Susan Smith were Steven Smith, you think he'd still be drawing breath?

[oldsoftie]

6. And sex with a student.

[Hugh_Lebowski]

7. Think that falls under #1 (nt)