London Daily

Focus on the big picture.
Sunday, Sep 20, 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
Addison Lee Founder Loses £20 Million UK Tax Tribunal Case
BrewDog Creditors Face Losses on About £190 Million of Debt
Harrods Seeks to Recover Abuse Compensation Costs From Mohamed Al Fayed’s Estate
Ed Davey Targets Reform UK as Liberal Democrat Conference Opens
Great Britain Retail Sales Rise 0.5% in August
NHS England Approves Life-Extending Treatment for Incurable Breast Cancer
Proposals to Limit NHS ADHD Diagnoses Draw Criticism From Patient Groups
Resolution Foundation Warns of Housing Cost Crunch for Low-Income UK Families
BBC Cash Reserves Fall to Decade Low as Annual Deficit Reaches £121 Million
Millisecond Software Error Triggered Major UK Air Traffic Control Disruption
Twenty Women Underwent Unnecessary Mastectomies During NHS Cancer Care
Sensitive UK Police Data Found Vulnerable to Access by Foreign Actors
British Steel Faces Renewed Pressure for a Long-Term Financial Plan
MPs Urge Government to End Thames Water Restructuring Talks With U.S. Hedge Funds
Andy Burnham Warns of Difficult UK Budget Choices as Inflation Returns to 3.1%
England Tightens School Food Standards With Restrictions on Deep-Fried and High-Sugar Foods
Oxfordshire Village Votes Symbolically to Leave UK Over Proposed Asylum Centre
Michael Marra Elected Leader of Scottish Labour
BBC Cash Reserves Fall Sharply as Financial Pressures Mount
George Osborne Calls for UK to Rejoin EU Customs Union
UK Explores Joining Canada-Led Global Defence Bank
Thirlwall Inquiry Highlights Management Failures Surrounding Lucy Letby Crimes
Parliamentary Committee Calls for New UK Law to Address AI Risks to Human Rights
UK Considers Giving Regional Mayors Greater Oversight of Water Companies
UK Opposition Presses Burnham for Stronger Response to Russian Security Threats
Reform UK Faces Scrutiny Over £72 Million in Donations as Political Finance Rules Tighten
Millisecond Software Failure Behind UK Air-Traffic Outage That Cancelled More Than 2,000 Flights
Bank of England Holds Interest Rate at 3.75% as Energy Prices Complicate Inflation Outlook
Burnham Warns of Difficult Choices in October Budget as UK Inflation Rises to 3.1%
Addison Lee Founder Loses £20.5 Million Non-Domicile Tax Case
BrewDog Creditors Face Heavy Losses After Collapse
Thirteenth Metropolitan Police Officer Dismissed Over Charing Cross Conduct
Oxfordshire Village Votes Symbolically to Leave UK Over Asylum Accommodation Plan
NHS Approves Life-Extending Treatment for Women With Incurable Breast Cancer
Software Defect Blamed for Major UK Air Traffic Disruption
Twenty Women Underwent Unnecessary Mastectomies at County Durham NHS Trust
British Steel Costs Taxpayers £1.3 Million a Day as MPs Demand Long-Term Plan
UK Parliament Advances Sovereign Grant Reform Setting Royal Funding at £99.9 Million
King Charles Urges Human-Centred Approach to Artificial Intelligence at Scotland Summit
House of Lords Begins Scrutiny of Voting-Age and Political Finance Reforms
UK Labour Market Shows Growing Divide Between Younger and Older Workers
Nearly Seven in 10 UK Small Businesses Delay or Cancel Growth Plans as Costs Rise
Andy Burnham Reaffirms UK Net-Zero Target Amid North Sea Energy Debate
UK Parliament Demands Credible Financial and Decarbonisation Plan for British Steel
MPs Urge Government to Reject Thames Water Rescue Deal and Prepare Special Administration
Bank of England Holds Rate at 3.75% as Energy Shock Raises Inflation Risks
TUC Calls for Social Energy Tariff Funded by Higher Taxes on Bank Profits
UK Parliament Enters Conference Recess After Advancing Sovereign Grant Legislation
King Charles Hosts Artificial Intelligence Leaders at Dumfries House Summit
Nearly Seven in Ten UK Small Businesses Delay or Cancel Growth Plans as Costs Rise
×