- CompaniesDec 7 (Reuters) - A U.S. judge on Wednesday sentenced former Theranos Inc President Ramesh "Sunny" Balwani to 12 years and 11 months in prison on charges of defrauding investors and patients of the blood testing startup led by Elizabeth Holmes, a spokesperson for the U.S. attorney's office confirmed.U.S. District Judge Edward Davila in San Jose, California, imposed the sentence on Balwani, who was convicted by a jury on two counts of conspiracy and 10 counts of fraud in July.Davila later granted each a separate trial after Holmes said she would take the stand and testify that Balwani was abusive in their relationship.Holmes was convicted in January on four counts of fraud and conspiracy but acquitted of defrauding patients.Prosecutors subsequently argued Balwani should receive 15 years in prison, saying he knew Theranos' tests were inaccurate from overseeing the company's laboratory operations, and decided to "prioritize Theranos' financial health over patients’ real health.""