London Daily

Focus on the big picture.
Sunday, Sep 20, 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
Ed Sheeran Tour Faces Backlash After Macklemore Is Removed Over Pro-Palestinian Remarks
Vandalism of Traffic Cameras Intensifies Across Parts of England
Nearly 300 Evacuated as Fire Hits Grand Burstin Hotel in Folkestone
King Charles Warns AI Executives About Risks From Uncontrolled Technology
Church of England Apologises for Role in Historical Forced Adoption Practices
UK Debate Over Online Speech Intensifies After Arrest Figures Draw Scrutiny
Oxfordshire Village Holds Symbolic Independence Vote Over Asylum Accommodation Plan
Nigel Farage and Richard Tice Sue National Crime Agency Over Alleged Banking Data Leaks
Apple Introduces Stricter Age Checks for UK Accounts
BBC Cash Reserves Fall 66% to £125 Million as Broadcaster Restructures
McLaren Announces £500 Million UK Investment and Plans 1,000 Jobs
Green Party Wins Historic Gorton and Denton By-Election as Labour Falls to Third
Burnham Government Prepares October Budget Under Growing Fiscal Pressure
UK Energy Suppliers Pull Fixed-Price Deals as Wholesale Markets Turn More Volatile
Bank of England Holds Rates at 3.75% as Middle East Energy Shock Raises Inflation Risks
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
×