The famous Ramesh Balwani, known as Sunny, is an American convicted fraudster, businessman, and former president and chief operating officer of Theranos, a privately held health technology company founded by his then-girlfriend Elizabeth Holmes.
In late 1999 he joined CommerceBid.com as President. It was a software development company that helped businesses buy and sell items via auctions over the burgeoning Internet. In 1999, the company was purchased by Commerce One, another business development software company with a high valuation.
Ramesh Balwani house: Where does Ramesh Balwani live?
Ramesh was sentenced Wednesday to nearly 13 years in prison for fraud. It marks an end to the stunning downfall of a high-flying Silicon Valley company that resulted in the rare convictions of two tech executives
The buyout was done entirely with stock, and Balwani joined the new company board. In July 2000, Balwani sold his shares in Commerce One, netting nearly $40 million shortly before the company went out of business, just before the dot com bubble burst. He later returned to school and received a Master of Business Administration from the University of California, Berkeley in 2003. He spent another four years in a computer science graduate program at Stanford University but dropped out in 2008.
