London Daily

Focus on the big picture.
Thursday, Sep 17, 2026

Theranos founder Elizabeth Holmes loses bid to stay out of prison and will begin 11-year sentence this month

Theranos founder Elizabeth Holmes loses bid to stay out of prison and will begin 11-year sentence this month

Disgraced Theranos founder Elizabeth Holmes styled herself on Silicon Valley heavyweights like Apple boss Steve Jobs, right down to the turtlenecks. Her astonishing rise and fall from history-making billionaire to the brink of jail has inspired documentaries, podcasts, and TV dramas.

Elizabeth Holmes will begin an 11-year jail term this month after losing a bid to stay out of prison while she appeals against her conviction over the Theranos scandal.

The 39-year-old was sentenced in November for what prosecutors had branded as "among the most substantial white collar offences Silicon Valley or any other district has seen".

She launched Theranos with the promise of delivering revolutionary blood-testing technology that could check for dozens of diseases at once - and raised nearly $1bn (£840m) from a host of high-profile investors.

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

She was found guilty by a Californian jury of three counts of investor fraud and one count of conspiracy.

Since her sentencing, Holmes's lawyers have tried to persuade an appeals court that alleged misconduct during her four-month trial led to an unjust verdict.

But in an 11-page ruling, US district judge Edward Davila said there was not enough compelling evidence for the Stanford University dropout to remain free while the appeal is heard.

The judge said while Holmes was "not likely to flee" or endanger the public if kept out of prison, her conviction was unlikely to be overturned.

It means she must surrender to authorities on 27 April.

Holmes with members of her family and partner Billy Evans


Holmes will be separated from her two children, one she had leading up to the trial and one after her sentencing.

She had both with current partner William Evans, who she met after breaking up with Theranos co-conspirator Ramesh "Sunny" Balwani.

Balwani, who was the company's president, will begin a nearly 13-year prison sentence on 20 April.

While he will report to a Southern California jail, Mr Davila has recommended Holmes serves her term in Texas.

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

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
Asthma Charity Warns of Major Gaps in Childhood Diagnostic Testing Across England
TUC Chief Paul Nowak Appointed to Bank of England Court
Bristol Opens £35 Million Deep-Tech Innovation Hub at Temple Quarter
Oxfordshire Village Votes Symbolically to Leave UK Over Asylum Housing Plan
Andy Burnham Deepens UK Defense and AI Cooperation With NATO and Canada
UK Government Announces Neonatal Safety Reforms After Thirlwall Inquiry
Bank of England Weighs Rate Decision as UK Inflation Rises to 3.1%
UK Health Unions Warn of Staffing Pressures as Public and Private Pay Growth Diverges
Rockstar Games Faces Tribunal Claims From 23 Former Grand Theft Auto VI Developers
UK Treasury Faces Tighter Budget Constraints as Borrowing Costs and Pension Spending Rise
Prime Minister Andy Burnham Sets Out Ten-Year Plan for Greater Public Oversight of Utilities
UK Economy Grows 0.4% in July as Services and Technology Activity Strengthen
Scotland, Wales and Northern Ireland Leaders Coordinate Push for UK Constitutional Change
Police Tighten Public-Order Measures After Anti-Immigration Protests in Dover and Portsmouth
UK Ministers Pressed for Answers After US Diplomat Accused of Child Abuse Images Leaves Britain
Jaguar Land Rover Pursues NATO Defense Contracts for Defender Vehicles
British Service Member Dies in Road Accident While Deployed in Ukraine
George Osborne Calls for Britain to Rejoin EU Customs Union
Anthropic Chief Dario Amodei Urges Faster UK Action on Advanced AI Risks
UK State Pension Set for 3.9% Rise Under Triple Lock
UK Labour Market Cools as Payrolled Employment Continues to Decline
Reform UK’s £72 Million in Donations Faces Scrutiny Under Proposed Retrospective Funding Rules
UK Doctors Warn Expanded Pharmacy First Scheme Could Put Patients at Risk
British Airlines Cut Short-Haul Capacity as Jet Fuel Costs Rise
UK News Publishers Forecast 40% Search Traffic Drop as AI Overviews Expand
Axel Springer Wins Approval for £575 Million Daily Telegraph Acquisition
London Mayor Sadiq Khan Opposes Heathrow Third Runway Over Climate Targets
Scotland, Wales and Northern Ireland Leaders Hold Summit Seeking Greater Autonomy
UK Energy Price Cap Set to Rise to £1,723 in October
UK Treasury Warns Middle East Conflict Is Threatening Economic Growth
Labour Moves to Retrospectively Cap Overseas Political Donations After Reform UK Funding Surge
HMRC Warns Nearly Seven Million Adults Are Unclear About State Pension Entitlements
UK Parliament Passes Sovereign Grant Reform Before Conference Recess
British Rail Passengers Gain Automatic Right to Switch Operators During Disruptions
Burnham Hosts Downing Street Business Summit as UK Fiscal Pressure Builds
Labour Government Moves to Challenge £72 Million in Reform UK Crypto Donations
UK Advertising Industry Warns Wider Junk Food Rules Could Put £1 Billion in Media Spending at Risk
Cornwall Opens Devolution Talks With UK Government Over Transport and Local Services
UK Parliament Considers Sovereign Grant Reform Setting Royal Funding at £99.9 Million
Trades Union Congress Calls for Income-Based Energy Tariff Funded by Higher Bank Levy
UK Prime Minister Rejects Second Scottish Independence Referendum
House of Lords Begins Scrutiny of Bill to Lower UK Voting Age to 16
Anthropic Says Claude Was Exploited in Weapons-Related and State-Linked Cyber Activity
Institute of Directors Urges UK Government to Avoid Business Tax Increases in Autumn Budget
Rising Gilt Yields Cut UK Fiscal Headroom to About £13 Billion Ahead of Budget
UK Economy Grows 0.4% in July as Services and Technology Activity Strengthen
UK Government Promises Clearer Student Loan Guidance After Repayment Backlash
Charities Warn Unpaid Carers May Die Before Receiving Government Compensation
Dover Unrest Prompts Review of UK Counter-Extremism Strategy
Celtic Summit Leaders Reassert Right to Pursue Independence From UK
×