Theranos' Pak-born executive Ramesh Balwani found guilty of fraud in US

Ramesh 'Sunny' Balwani, the former President of Theranos and ex-boyfriend of its Founder Elizabeth Holmes, has been found guilty of fraud in US. The Pakistan-born executive was convicted on two counts of conspiracy and 10 counts of fraud. Balwani and Holmes were accused of exaggerating the abilities of Theranos' machines. The startup was valued at $9 billion before its collapse.