31–40 of 121 posts
If you were someone that was a defendant in a case like this where another case finished before you that ended in prison sentence, the natural assumption would be yours is heading the same way. The psychology of that must be intense. If you're the type that accepted that fate, you can start making proper plans for your incarceration too. But these are people that scammed others, so I would assume not the type to acce…
I'm happy he got even more than Holmes (11 vs 13). The book made him sound worse than she was and he was the mastermind internally at keeping the staff working and building a culture of misdirection and obedience. He was firing people on an almost daily basis for a while whenever someone questioned their bullshit. Holmes was the showpiece, who got to play the pretend female Steve Jobs visionary role to the press and…
That said, of the two of them, Balwani was the true gangsta. He came in seemingly already knowing how to run a criminal enterprise, and applied those principles to Theranos.
I'm happy he got even more than Holmes (11 vs 13). The book made him sound worse than she was and he was the mastermind internally at keeping the staff working and building a culture of misdirection and obedience. He was firing people on an almost daily basis for a while whenever someone questioned their bullshit. Holmes was the showpiece, who got to play the pretend female Steve Jobs visionary role to the press and…
> U.S. District Judge Edward Davila, who oversaw both trials, could choose to give Mr. Balwani more time in prison than Ms. Holmes because he was found guilty on additional counts, lawyers said. Judge Davila could find that investors suffered a larger loss due to Mr. Balwani’s fraud, or that Mr. Balwani recklessly put patients at risk of death or serious bodily injury, both of which could add years to his sentence.
> “VCs invest in very strange ways,” Judge Davila said.
So do courts apparently.
I'm happy he got even more than Holmes (11 vs 13). The book made him sound worse than she was and he was the mastermind internally at keeping the staff working and building a culture of misdirection and obedience. He was firing people on an almost daily basis for a while whenever someone questioned their bullshit. Holmes was the showpiece, who got to play the pretend female Steve Jobs visionary role to the press and…
I read the book and also agree with this. She was the CEO, but he "ran" the company. He also put millions of his own money into it to keep it afloat. He should've been the "adult supervision", so to speak.
Earlier quoted context omitted.
I read the book and I disagree. Ultimately creating a toxic work environment is not why they are going to jail, but for deceiving the public, and investors. Holmes (the person playing Steve Jobs) lead that. I have little doubt that if the genders were reversed that Holmes sentence could be easily twice Sunny's.
This - I mentioned in another thread when Holmes was sentenced that even if convicted she'll not spend that long in jail (maybe 5 years, most of it on license I would guess?). I suspect Balwani will serve most if not all of the 13 years. I've no wish to defend either of these people given what they've done, I just think it's worth pointing out that ignoring the disparity doesn't make it go away.
If you were someone that was a defendant in a case like this where another case finished before you that ended in prison sentence, the natural assumption would be yours is heading the same way. The psychology of that must be intense. If you're the type that accepted that fate, you can start making proper plans for your incarceration too. But these are people that scammed others, so I would assume not the type to acce…
> "It would certainly not be unprecedented if Balwani decides to appeal this ruling." So, there's precedent for an appeal?
> Balwani will likely appeal this ruling. Most defendants do.
I love how I, as a lowly middle-class person, can invest money in a company and if they were pulling the wool over my eyes and I lost my investment, it’s all “oh well, buyer beware”. But let it be some big wigs investing in a disruptive tech (that makes the status quo oh so nervous) then it’s all pitchforks and fire — those devils be damned. Hence I note the faint stench of Denmark in there somewhere.