London Daily

Focus on the big picture.
Saturday, Jul 18, 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
Ukrainian Drone Barrage Kills Eight and Strikes Russian Logistics Network
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
The Monaco Bombing Has Become a Test of Ukraine’s Intelligence Accountability
Leadership Change and Strategic Rivalry Redraw the Political Map
Energy Risk, Uneven Growth and the New Geography of Global Capital
The AI Race Enters Its Infrastructure Era
Security and resilience remain long-term national priorities
Britain balances growth ambitions with public finance pressures
Regional devolution becomes a defining theme of the next Labour era
Industrial strategy returns to the centre of British economic policy
Political Instability Remains a Challenge for UK Investment Confidence
Brexit Economic Debate Continues as Public Concerns Over Long-Term Impact Remain
UK Climate Risks Rise as Met Office Warns Extreme Weather Is Becoming More Common
Housing Shortages and Regional Inequality Become Key Priorities Under Incoming Labour Leadership
National Health Service Reform Remains One of Britain’s Biggest Political Challenges
Bank of England Remains at Centre of UK Economic Debate Over Inflation and Growth
UK Economy Shows Recovery Signs but Households and Businesses Remain Under Pressure
Britain Deepens European Defence Cooperation as NATO Allies Seek Stronger Security Capabilities
United Kingdom Expands Sanctions Against Russian Cyber Networks Over Security Threats
UK Industrial Strategy Faces Test After Government Takes Control of British Steel
British Businesses Seek Policy Clarity as Andy Burnham Prepares to Lead Labour Government
Andy Burnham’s Labour Leadership Signals Major Shift Toward Regional Power and Devolution
British Steel Nationalisation Creates New UK-China Tensions Over Control of Strategic Industry
For 36 Years, He Scammed About 300 Luxury Hotels — Until He Was Caught
England's World Cup Exit Expected to Cost Hospitality and Retail £334 Million
Former ICC Prosecutor Aide Speaks Publicly About Allegations Against Karim Khan
Opposition Raises Questions Over June Heatwave Power Grid Pressures
Mastercard Explores Sale of Majority Stake in UK Payments Operator Vocalink
Boeing Forecasts Global Commercial Aircraft Fleet Will Double by 2045
London GP Surgeries Receive £18 Million to Expand Primary Care Capacity
Health Advisers Recommend Nationwide Meningitis B Vaccination for Teenagers
OECD Warns UK Economy Faces Slower Growth and Weak Productivity
Treasury Places Major Global Cloud Providers Under Direct Financial Oversight
Financial Markets Rally as Shabana Mahmood Emerges as Leading Treasury Candidate
Incoming Government Prepares Thames Water Nationalisation and New North Sea Drilling Approvals
UK Government Plans Deep Cuts to Bilateral Aid for African Nations
United States and Iran Exchange Direct Strikes for Seventh Consecutive Night
Incoming Prime Minister Andy Burnham Confirmed as Labour Leader Ahead of Downing Street Handover
Britain Nationalises British Steel to Protect Scunthorpe Production and Strategic Supply
Andy Burnham Takes Labour Leadership and Prepares to Become Britain’s Seventh Prime Minister in a Decade
Tech Companies Want to Move Computing Off Your Screen and Onto Your Body
White House Teleprompter Operator Earned More Than $100,000 From Bets Linked to the President's Speeches
French Prime Minister Survives No-Confidence Vote After Controversial Budget Cuts
European Commission Opens Excessive Deficit Procedure Against France
French Senate Blocks Key Immigration Reform Measures
French Government Pushes EU Action Against Ultra-Fast Fashion Imports
French Parliament Debates Expanded Autonomy Powers for Corsica
France Reopens Autonomy Talks With New Caledonia After Months of Unrest
Bordeaux Wine Producers Seek Three Hundred Million Euro Aid Package After Export Collapse
×