UNITED STATES NEWS

Ex-Theranos executive headed to prison after losing appeal

Apr 7, 2023, 10:54 AM

Former Theranos executive Ramesh “Sunny” Balwani will be heading to prison later this month after an appeals court rejected his bid to remain free while he contests his conviction for carrying out a blood-testing hoax with his former boss and lover, Elizabeth Holmes.

The Ninth Circuit Court of Appeals’ decision late Thursday refusing Balwani’s request to delay the start of his nearly 13-year prison sentence still leaves open the question of when he will have to surrender to authorities.

Jeffrey Coopersmith, one of Balwani’s lawyers, proposed that Balwani, 57, report to prison April 20 in a motion filed with U.S. District Judge Edward Davila, who presided over Balwani’s trial last year and imposed his sentence in December.

Balwani’s proposed April 20 reporting date is a week before Holmes, Theranos’ founder and CEO, is scheduled to begin a four counts of fraud and conspiracy last year.

Holmes, 39, appeared before Davila last month along with her lawyers in an effort to persuade the judge to allow her to remain free while she pursues her own appeal. Davila hasn’t ruled on Holmes’ request yet.

Davila last month rejected Balwani’s request to remain free while he appeals his conviction on avoided having to report on that date by appealing Davila’s ruling against him.

But three judges on the Ninth Circuit Court of Appeals concluded Balwani hadn’t provided enough compelling evidence to convince them that his conviction is likely to be overturned.

The ruling means Balwani will soon be traveling to Southern California to serve his time in a facility near a harbor in San Pedro, California, located about 30 miles (50 kilometers) from downtown Los Angeles. The Terminal Island prison has incarcerated several other prominent figures, including gangster Al Capone in the 1930s, apocalyptic cult leader Charles Manson for an auto theft in the 1950s, and LSD evangelist Timothy Leary in the 1970s.

Although they had separate trials, Holmes and Balwani were accused of essentially the same crimes centered on a ruse touting Theranos’ blood-testing system as a revolutionary breakthrough in health care. The claims helped the company become a Silicon Valley sensation that raised nearly $1 billion from investors.

But its technology never came close to working like Holmes and Balwani boasted, resulting in Theranos’ scandalous collapse and a criminal case that shined a bright light on Silicon Valley greed and hubris.

United States News

FILE - President Joe Biden speaks in the East Room of the White House, Feb. 23, 2024, in Washington...

Associated Press

Regulator proposes capping credit card late fees at $8, latest in Biden campaign against ‘junk fees’

NEW YORK (AP) — The Biden administration announced a rule Tuesday to cap all credit card late fees, the latest effort in the White House push to end what it has called “junk fees” and a move that regulators say will save Americans up to $10 billion a year. The Consumer Financial Protection Bureau’s new […]

4 hours ago

Associated Press

Stock market today: Wall Street inches lower as retailers post holiday numbers

Wall Street pointed modestly lower Tuesday as more retailers post results from the holiday season and ahead of appearance by Federal Reserve Chair Jerome Powell before Congress later this week. Futures for the S&P 500 slipped 0.3% and futures for the Dow Jones Industrial Average fell 0.2%. Momentum has slowed for U.S. stocks after hitting […]

7 hours ago

A San Francisco Police Department officer walks around Union Square, Friday, March 1, 2024, in San ...

Associated Press

San Francisco votes on measures to compel drug treatment and give police surveillance cameras

SAN FRANCISCO (AP) — Voters in San Francisco will weigh in on a pair of public safety measures on Tuesday’s ballot that reflect frustration over crime and drug use in the politically liberal city, including a proposal to compel treatment for adults using illegal drugs who receive cash welfare benefits. The other ballot measure would […]

8 hours ago

FILE - Los Angeles County District Attorney George Gascón speaks during a news conference Feb. 22,...

Associated Press

LA County’s progressive district attorney faces crowded field of 11 challengers in reelection bid

LOS ANGELES (AP) — One of the country’s most progressive prosecutors, who faced two recall attempts within four years, is set to be tested as he seeks reelection against 11 challengers to remain the district attorney of Los Angeles County. Tuesday’s nonpartisan primary pits incumbent George Gascón against opponents who range from line prosecutors in […]

8 hours ago

Associated Press

Californians to vote on measure governor says he needs to tackle homelessness crisis

SACRAMENTO, Calif. (AP) — Californians are set to vote Tuesday on a statewide ballot measure that is touted by the governor as a major step to tackle homelessness and would be the first major update to the state’s mental health system in 20 years. Democratic Gov. Gavin Newsom says Proposition 1 is needed to tackle […]

8 hours ago

Associated Press

Alabama lawmakers aim to approve immunity laws for IVF providers

MONTGOMERY, Ala. (AP) — Alabama lawmakers, who face public pressure to get in vitro fertilization services restarted, are nearing approval of immunity legislation to shield providers from the fall out of a court ruling that equated frozen embryos to children. Committees in the Alabama House of Representatives and the Alabama Senate on Tuesday will debate […]

8 hours ago

Sponsored Articles

...

DISC Desert Institute for Spine Care

Sciatica pain is treatable but surgery may be required

Sciatica pain is one of the most common ailments a person can face, and if not taken seriously, it could become one of the most harmful.

...

Collins Comfort Masters

Here’s 1 way to ensure your family is drinking safe water

Water is maybe one of the most important resources in our lives, and especially if you have kids, you want them to have access to safe water.

...

Canvas Annuity

Interest rates may have peaked. Should you buy a CD, high-yield savings account, or a fixed annuity?

Interest rates are the highest they’ve been in decades, and it looks like the Fed has paused hikes. This may be the best time to lock in rates for long-term, low-risk financial products like fixed annuities.

Ex-Theranos executive headed to prison after losing appeal