London Daily

Focus on the big picture.
Friday, Feb 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
King Charles III Opens London Fashion Week as Royal Family Faces Fresh Scrutiny
Trump’s Evolving Stance on UK Chagos Islands Deal Draws Renewed Scrutiny
House Democrat Says Former UK Ambassador Unable to Testify in Congressional Epstein Inquiry
No Record of Prince Andrew Arrest in UK as Claims Circulate Online
UK Has Not Granted US Approval to Launch Iran Strikes from RAF Bases, Government Confirms
AI Pricing Pressure Mounts as Chinese Models Undercut US Rivals and Margin Risks Grow
Global Counsel, Advisory Firm Co-Founded by Lord Mandelson, Enters Administration After Client Exodus
London High Court dispute over Ricardo Salinas’s $400mn Elektra share-backed bitcoin loan
UK Intensifies Efforts to Secure Saudi Investment in Next-Generation Fighter Jet Programme
Former Student Files Civil Claim Against UK Authorities After Rape Charges Against Peers Are Dropped
Archer Aviation Chooses Bristol for New UK Engineering Hub to Drive Electric Air Taxi Expansion
UK Sees Surge in Medical Device Testing as Government Pushes Global Competitiveness
UK Competition Watchdog Flags Concerns Over Proposed Getty Images–Shutterstock Merger
Trump Reasserts Opposition to UK Chagos Islands Proposal, Urges Stronger Strategic Alignment
Greek Prime Minister Kyriakos Mitsotakis advocates for a ban on minors using social media.
Liberal Senator Michaelia Cash Accuses Prime Minister of Lying to Australians
Meanwhile in Time Square, NYC One of the most famous landmarks
Jensen Huang just told the story of how Elon Musk became NVIDIA’s very first customer for their powerful AI supercomputer
A Lunar New Year event in Taiwan briefly came to a halt after a temple official standing beside President Lai Ching‑te suddenly vomited, splashing Lai’s clothing
Jillian Michaels reveals Bill Gates’ $55 million investment in mRNA vaccines turned into over $1 billion.
Ex-Prince Andrew Mountbatten-Windsor's arrested
Former British Prince Andrew Arrested on Suspicion of Misconduct in Public Office
Four Chagos Islanders Establish Permanent Settlement on Atoll
Unitree Robotics founder Wang Xingxing showcases future robot deployment during Spring Festival Gala.
UK Inflation Slows Sharply in January, Strengthening Case for Bank of England Rate Cut
Hide the truth, fake the facts, pretend the opposite, Britain is as usual
France President Macron says Free Speech is Bull Sh!t
Viktor Orbán getting massive praise for keeping Hungary safe, rich and migrant-free!
UK Inflation Falls to Ten-Month Low, Markets Anticipate Interest Rate Cut
UK House Prices Climb 2.4% in December as Market Shows Signs of Stabilisation
BAE Systems Predicts Sustained Expansion as Defence Orders Reach Record High
Pro-Palestine Activists Cleared of Burglary Charges Over Break-In at UK Israeli Arms Facility
Former Reform UK Councillors Form New Local Group Amid Party Fragmentation
Reform UK Pledges to Retain Britain’s Budget Watchdog as It Seeks Broader Economic Credibility
Miliband Defends UK-California Clean Energy Pact After Sharp Criticism by Trump
University of Kentucky to Host 2026 Summer Camps Fair Connecting Families with Local Programmes
UK Police Forces Assess Claims Jeffrey Epstein Used Stansted Airport Flights in Trafficking Network
UK-Focused Equity ETF FLGB Climbs to Fresh 52-Week Peak on Strong Market Sentiment
Trump Warns UK’s Chagos Islands Agreement Is a “Big Mistake” Amid Strategic Security Debate
Trump Urges UK to Retain Sovereignty Over Diego Garcia Amid Strategic Concerns
Italian Police Arrest Man After Alleged Attempt to Abduct Toddler at Bergamo Supermarket, Child Hospitalised With Fractured Femur
Rupert Lowe wanted to deport rape gangs and the communities who protected them
Reform UK Appoints Former Conservative Minister Robert Jenrick as Finance Chief
UK Unemployment Rises to Highest in Nearly Five Years as Labour Market Weakens
Rupert Lowe Advocates for English-Only Use in the UK
US Successfully Transports Small Nuclear Reactor from California to Utah
South Korea's traditional sand wrestling sport ssireum faces declining interest at home
Japan outlawed Islam
Virginia Giuffre accuses Epstein of trafficking to powerful men for blackmail.
New Mexico lawmakers initiate investigation into Zorro Ranch linked to Jeffrey Epstein
×