Who is Sunny Balwani?
Ramesh “Sunny” Balwani (born c. 1965) is an American businessman and convicted fraudster who is the former president and chief operating officer of Theranos, which was a privately held health technology company founded by his then-girlfriend Elizabeth Holmes.
Theranos claimed to have devised a revolutionary blood test that used very small amounts of blood such as that which can be extracted from a fingerstick. Starting in 2015, Theranos came under criticism in the media due to its questionable claims and practices.
The company was eventually liquidated. Balwani and Holmes were criminally charged by federal authorities for operating the business as a multi-million-dollar scheme to defraud investors and patients. Holmes was found guilty and is awaiting sentencing. On July 7, 2022, Balwani was found guilty on all counts and faces up to 20 years in prison and millions in restitution and fines.
Theranos exec Sunny Balwani convicted of fraud
Silicon Valley executive Ramesh “Sunny” Balwani has been found guilty of deceiving investors as part of a plot with ex-girlfriend Elizabeth Holmes.
He falsely and repeatedly claimed that their company, Theranos, had a device that could detect hundreds of diseases with a few drops of blood.
Holmes was found guilty at a separate trial in January where she accused Balwani of abuse – which he denies.
Both Holmes, 38, and Balwani, 57, will be sentenced by a judge in the autumn.
Holmes is facing around 20 years in prison and is currently free on bail. Balwani also faces up to 20 years in prison as well as millions of dollars in restitution payments to his victims.
Theranos was once worth $9bn (£7.5bn), but was based on blood testing technology that did not work.
Sunny Balwani Biography, Wiki
Ramesh Sunny Balwani was born on 13 June 1965 in Sindh, Pakistan. By profession, he is an American businessman and convicted fraudster.
Ramesh and Holmes were criminally charged by federal authorities for operating the business as a multi-million-dollar scheme to defraud investors and patients.
In this article, we bring all the information about his Age, like his Wife’s name, Ramesh Sunny Balwani Wiki, his ethnicity, his net worth, and more details you want to know.
Ramesh Sunny Balwani’s mother’s name is Not Known and Her father’s name is Not Known, But we will soon update. Ramesh Sunny Balwani’s height is 5.10 (approx) and his weight is 75 kg (approx). he is beautiful eyes and his eye color is Black and his hair color is Black.
|Real/Full Name||Ramesh Sunny Balwani|
|Profession||American businessman and convicted fraudster|
|Famous As||American businessman and convicted fraudster|
|Wife Name||Keiko Fujimoto|
|Age (approx)||57 Years Old (approx)|
|Height (approx)||In centimeters- 178 cm (approx)|
In meters- 1.78 m (approx)
In Feet Inches-5.10 (approx)
|Weight (approx)||In Kilograms- 75 kg (approx)|
In Pounds- 165 lbs (approx)
|Date of Birth||13 June 1965|
|Birth Place||Sindh, Pakistan|
|School Name||Not Known School|
|College Name||University of Texas, Austin (BS) University of California, Berkeley (MBA) Stanford University|
|Father Name||Not Known|
|Mother Name||Not Known|
|Source Of Income||American businessman and convicted fraudster|
|Appeared As||Not Known|
|Salary (approx)||Not Known|
Sunny Balwani Career
Ramesh Balwani and Elizabeth Holmes became acquainted while he was attending Berkeley. She is 19 years younger than him and was a high school student at the time. They visited Beijing, China, together for a summer to participate in Stanford’s Summer Mandarin Course cohort.
Holmes established Theranos in 2003 and served as its chief executive officer until 2018. In 2009, Balwani was brought in as the president and chief operating officer. He took control of day-to-day operations soon after.
Balwani had never received any training in biological sciences and medical devices, and this soon began to cause problems. The company’s board did not have any other medical expert either. Balwani’s behaviour towards Theranos’ employees was also problematic.
According to them, he was overbearing, uncompromising, and demanding. He was also extremely anxious about corporate espionage and tried to maintain paranoid-level secrecy in company matters.
Among the technologies that Theranos claimed to have developed were devices that would automate and miniaturize blood tests by making use of microscopic blood volumes. They named the device’s blood collection vessel the “nanotainer” and its analysis machine the “Edison”.
Balwani went as far comparing the device to the discovery of antibiotics.He was often the subject of ridicule within Theranos for his incorrect pronunciation of technical terms. Many of the employees believed that by using the words of which he did not know the meaning, he was simply trying to appear more knowledgeable than he actually was.
According to a report published in the ‘Wall Street Journal’ in October 2015, Theranos’ Edison blood testing device gives incorrect medical diagnosis and results. It could not pass several quality-control checks and gave severely inconsistent results. This was further proven in March 2016 by the federal Centers for Medicare and Medicaid Services in their inspection results.
In April 2016, the company was compelled to invalidate all the test results from the machines for 2014 and 2015. Furthermore, they also had to invalidate the results of several other tests, despite running them on conventional machines.
After performing an inspection of Theranos’ Newark, California, laboratory, the Centers for Medicare and Medicaid Services (CMS) gave the company a warning through a letter in January 2016. They suggested that a two-year ban should be imposed on Balwani from owning or operating a blood lab as the company could not rectify the issues in their California lab.
Theranos was also accused of making several false claims, including of a $100 million revenue stream, which, in reality, was $100,000. They also stated that their technology was being utilized on the battlefield by the U.S. Department of Defense. This was a false statement as well. In May 2016, Balwani vacated his positions as the president and COO of the company.
Sunny Balwani Personal Life
Ramesh Balwani was once married to Japanese artist Keiko Fujimoto. They resided in San Francisco until their divorce in 2002.
Balwani had been in a relationship with Elizabeth Holmes for a long while. When they met, he was 37 and she was 18 years old. From 2009 to 2016, he served directly under Holmes at Theranos.
Sunny Balwani FAQ’s
Q.1 Who is Ramesh Sunny Balwani?
Ans. Ramesh Sunny Balwani is an American businessman and convicted fraudster.
Q.2 Who is the Wife of Ramesh Sunny Balwani?
Ans. Ramesh Sunny Balwani’s Wife’s name is Keiko Fujimoto.
Q.3 What is the Age of Ramesh Sunny Balwani?
Ans. He is 57 years old.
Q.4 What Is Ramesh Sunny Balwani’s Net Worth?
Ans. Ramesh Sunny Balwani’s is Net Worth $85 – 90 Million (Approx).
Q.5 What is the parent’s name, Ramesh Sunny Balwani?
Ans. Ramesh Sunny Balwani’s parent’s Name is Not Known.
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