![]() The company swiftly went bust, but Balwani was able to walk away with $40 million, The New York Times reported.Īt the time of meeting Holmes, he was married to Japanese artist Keiko Fujimoto, but she filed for divorce in 2002. Holmes was about to start her freshman year at Stanford University at the time of their meeting, according to The Cut, citing "Bad Blood: Secrets and Lies in a Silicon Valley Startup," by journalist John Carreyrou.īalwani, on the other hand, was in an MBA program at the University of California, Berkeley.Ī few years earlier, in 1999, he had joined a software-development startup, CommerceBid, as president, and the following year, it was acquired by another company, Commerce One, for $225 million. ![]() His sentence was also delayed by an appeal, but in April, he reported to a low-security federal prison in California to begin the sentence, Insider's Sarah Jackson and Áine Cain reported.ĭespite their different upbringings - Balwani was born in Pakistan before moving with his parents to India and then the US, while Holmes mostly grew up in Houston, Texas - their paths converged while they were enrolled in Stanford University's Mandarin Program. She was scheduled to report for her sentence in April, but it was delayed by appeals to her conviction.Īfter Balwani was found guilty on 12 counts of fraud and conspiracy in July 2022, he was sentenced to almost 13 years in prison, with three years of probation. In January 2022, following a four-month trial, Holmes was found guilty on three counts of wire fraud and one count of conspiracy, and she was sentenced to more than 11 years in prison, with three years of supervised release. It often indicates a user profile.Įlizabeth Holmes and Ramesh "Sunny" Balwani engaged in a years-long workplace relationship that ended when he left their company, Theranos, in 2016.Īs the former CEO and COO of Theranos, respectively, Holmes and Balwani are now notorious for their failed medical startup that collected hundreds of millions of dollars from investors under false pretenses. Account icon An icon in the shape of a person's head and shoulders. ![]()
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