London Daily

Focus on the big picture.
Sunday, Mar 01, 2026

Elizabeth Holmes: Disgraced Theranos founder delays going to jail after winning appeal

Elizabeth Holmes: Disgraced Theranos founder delays going to jail after winning appeal

Her company, a Silicon Valley sensation, claimed it could test for dozens of diseases from a single blood test, but when the tech turned out to be flawed, the founder was jailed for more than 11 years.

Elizabeth Holmes, the disgraced tech billionaire convicted of fraud, has avoided starting her 11-year jail term on Thursday after a judge backed her appeal to delay it.

Holmes, 39, who founded Theranos, was sentenced to 11 years and three months after being found guilty of three counts of investor fraud and one count of conspiracy in November, following a four-month trial.

Theranos, a Silicon Valley sensation, promised to test for dozens of diseases from a single blood test, but was found to have flawed technology.

Ramesh 'Sunny' Balwani was sentenced to 13 years


Holmes, and her former partner and subordinate, Ramesh "Sunny" Balwani, were accused of fleecing investors who backed the company to the tune of nearly $1bn (£803m), at the same time as endangering patients' health.

Balwani, 57, is serving a nearly 13-year prison sentence after being convicted of 12 counts of fraud and conspiracy.

A judge in San Francisco upheld Holmes's lawyers' appeal against a lower court's decision on Wednesday to deny her release while she appeals her original fraud conviction.

Earlier this month, Judge Edward Davila rejected an appeal for her to be released pending further appeals and told her to report to a minimum-security prison near Houston on Thursday.

But late on Tuesday, Holmes's lawyers filed an appeal, saying that decision contained "numerous, inexplicable errors" including references to "patient fraud convictions", even though the jury acquitted Holmes on those counts, Sky's US partner, NBC News, said.

Holmes was sentenced in November for what prosecutors called "among the most substantial white collar offences Silicon Valley or any other district has seen".

Amanda Seyfried as Holmes in The Dropout.


She became America's youngest-ever self-made female billionaire by 2014, but after the tech was exposed as bogus, the company - once valued at $9bn (£7.3bn) - quickly came crashing down.

Prosecutors have until 3 May to respond to Holmes's latest motion, NBC News said.

Holmes outside court with family and friends, including partner Billy Evans


Holmes's term will begin around 20 years after she dropped out of Stanford to found Theranos, inspired by the successes of Silicon Valley heavyweights like Apple boss Steve Jobs.

She has two children, both fathered by her current partner, William "Billy" Evans, who she met after breaking up with Balwani.

Her astonishing rise and fall from history-making billionaire to the brink of jail has inspired documentaries, podcasts, and an award-winning TV drama - The Dropout - starring Amanda Seyfried as Holmes.

Newsletter

Related Articles

0:00
0:00
Close
When the State Replaces the Parent: How Gender Policy Is Redefining Custody and Coercion
Bill Clinton Denies Knowing Woman in Hot Tub Photo During Closed-Door Epstein Deposition
Former U.S. President Bill Clinton Testifies on Ties to Jeffrey Epstein Before Congressional Oversight Committee
Dyson Reaches Settlement in Landmark UK Forced Labour Case
Barclays and Jefferies Shares Fall After UK Mortgage Lender Collapse Rekindles Credit Market Concerns
Play Exploring Donald Trump’s Rise to Power by ‘Lehman Trilogy’ Author to Premiere in the UK
Man Arrested After Churchill Statue Defaced in Central London
Keir Starmer Faces Political Setback as Labour Finishes Third in High-Profile By-Election
UK Assisted Dying Bill Set to Fall Short in Parliament as Regional Initiatives Gain Ground
UK Defence Ministry Clarifies Position After Reports of Imminent Helicopter Contract
Independent Left-Wing Plumber Secures Shock Victory as Greens Surge in UK By-Election
Reform UK Refers Alleged ‘Family Voting’ Incidents in By-Election to Police
United Kingdom Temporarily Withdraws Embassy Staff from Iran Amid Heightened Regional Tensions
UK Government Reaches Framework Agreement on Release of Mandelson Vetting Files
UK Police Contracts With Israeli Surveillance Firms Spark Debate Over Ethics and Oversight
United Airlines Passenger Hears Cockpit Conversations After Accessing In-Flight Audio Channel
Spain to Conduct Border Checks on Gibraltar Arrivals Under New Post-Brexit Framework
Engie Shares Jump After $14 Billion Agreement to Acquire UK Power Grid Assets
BNP Paribas Overtakes Goldman Sachs in UK Investment Banking League Tables
Geothermal Project to Power Ten Thousand Homes Marks UK Renewable Energy Milestone
UK Visa Grants Drop Nineteen Percent in 2025 as Migration Controls Tighten
Barclays and Jefferies Among Banks Exposed to Collapse of UK Mortgage Lender MFS
UK Asylum Applications Edge Down in 2025 Despite Rise in Small Boat Crossings
Jefferies Reports Significant Exposure After Collapse of UK Lender MFS
FTSE 100 Reaches Fresh Record Highs as Major Share Buybacks and Earnings Lift London Stocks
So, what's happened is, I think, government policy, not just under Labour, but under the Conservatives as well, has driven a lot of small landlords out of business.
Larry Summers, the former U.S. Treasury Secretary, is resigning from Harvard University as fallout continues over his ties to Jeffrey Epstein.
U.S. stocks ended higher on Wednesday, with the Dow gaining about six-tenths of a percent, the S&P 500 adding eight-tenths of a percent, and the tech-heavy Nasdaq climbing roughly one-and-a-quarter percent.
From fears of AI-fuelled unemployment to Big Tech's record investment, this is AI Weekly.
Apple just dropped iOS 26.4.
US Lawmakers Seek Briefing from UK Over Reported Encryption Order Directed at Apple
UK Business Secretary Calls on EU to Remove Trade Barriers Hindering Growth
Legal Pathways for Removing Prince Andrew from Britain’s Line of Succession Examined
PM Netanyahu welcome India PM Narendra Modi to Israel
Shadow Diplomacy: How Harry and Meghan’s Jordan Trip Undermines the Monarchy
Sir Jim Ratcliffe, co-owner of Manchester United, comments on immigration in the UK.
Bill Gates, the UN and the WEF are attempting to construct "a giant digital gulag for all of humanity" via digital ID, CBDCs and vaccine passport infrastructure.
Britain’s Channel Crisis: Paying Billions While the Boats Keep Coming
Downing Street’s Veteran Deception Scandal
UK HealthCare Expands ‘Food as Health’ Initiative Statewide to Tackle Chronic Illness in Kentucky
Leonardo Chief Says UK Set to Decide on New Medium Helicopter Programme
UK Slows Chagos Islands Agreement After Concerns Raised in Washington
European and UK Stock Markets Reach Fresh Highs as Banks and Miners Lead Rally
UK Government Insists Chagos Islands Negotiations Continue After Minister’s ‘Pause’ Remark
No Confirmed Deal for Engie to Acquire UK Power Networks Amid Market Speculation
UK Reaffirms Updated Entry Requirements for Travellers as of February 25, 2026
General Atlantic to sell equity stake in ByteDance, valuing the company at $550 billion
German Chancellor Friedrich Merz Secures Pledge from China for Greater Imports of Quality Goods
Lord Mandelson Condemns Arrest as Driven by ‘Baseless Suggestion’ He Would Flee Abroad
Former UK Ambassador Released on Bail Following Arrest in Epstein-Linked Investigation
×