Ramesh Sunny Balwani, the Indian-origin former chief operating officer of a US-based failed blood-testing start-up, Theranos, has lost his bid to remain free while he appeals his conviction on fraud charges that prosecutors said risked patient health and defrauded the firm's investors of millions of dollars, according to a media report. A federal judge on Thursday, in a 17-page ruling, denied the motion by Balwani to remain free until his appeal to a higher court is resolved, the CBS News channel reported. US District Judge Edward Davila held a nearly two-hour hearing on Balwani's motion in mid-February but delayed ruling until six days before the convict must report to prison. Balwani, 57,
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