London Daily

Focus on the big picture.
Friday, Oct 23, 2026

Theranos founder Elizabeth Holmes set to serve 11-year prison sentence after judge throws out latest appeal

Theranos founder Elizabeth Holmes set to serve 11-year prison sentence after judge throws out latest appeal

The former darling of Silicon Valley, whose tech start-up promised revolutionary blood-testing technology that could check for dozens of diseases at once, was ordered to pay out more than £360m to victims by a court.

Disgraced Theranos founder, Elizabeth Holmes, looks set for prison after a court rejected her latest attempt to stay free.

The 39-year-old entrepreneur was also ordered to pay $452 million (almost £363 million) to victims of her crimes by a court in California on Tuesday.

She is jointly liable for the restitution penalty with her former lover and Theranos second-in-command, Ramesh "Sunny" Balwani, who is already in prison after being convicted on a broader range of offences in a separate trial.

Holmes is trying to overturn her conviction for fraud and was appealing to remain out of jail while she does.

But US district judge Edward Davila, who sentenced her to more than 11 years in jail in November, will now set a new date for Holmes to report to prison.

Revolutionary technology

Holmes, a Stanford University dropout, started Theranos with the promise of delivering revolutionary blood-testing technology that could check for dozens of diseases at once.

She rapidly became a darling of Silicon Valley and raised nearly $1bn (£840m) from a host of high-profile investors, including media tycoon and Sky founder, Rupert Murdoch, and the company was once valued at $9bn (£7.3bn).

Holmes became America's youngest-ever self-made female billionaire by 2014, but the tech was exposed as bogus and the company quickly came crashing down.

Theranos founder Elizabeth Holmes, her partner William and family members.


Delaying tactic


Holmes had previously been told she must start her sentence on 27 April, but her lawyers tried a last-minute delaying tactic.

At her trial, Holmes accused Balwani, 57, of abusing her emotionally and sexually.

Prosecutors called her crimes "among the most substantial white-collar offences Silicon Valley or any other district has seen".



Mistakes and misconduct claims


At her appeal, her lawyers cited alleged mistakes and misconduct during her trial and said errors and abuses that biased the jury were so egregious she should be allowed to stay out of prison while the appeal goes through.

That request has now been thrown out by both Mr Davila and the Ninth Circuit Court of Appeals.

Holmes has two children - a one-year-old son, William, and a three-month-old daughter, Invicta - with her current partner, William 'Billy' Evans.

The failure of her latest appeal will see her separated from them and sent to prison.

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
Government Injects One Hundred and Forty Million Pounds to Expand Urgent Care Ahead of Winter Crisis
Department of Health Warns Further Pay Rises Will Derail National Health Service Waiting List Targets
Major Environmental Emergency Declared in South Wales Following Aerospace Kerosene Spill
Tank Barrel Production Returns to Britain as Defence Contractors Accelerate Domestic Rearmament
Government Approves Controversial Jackdaw Gasfield Development in the North Sea
National Health Service Maternity Safety Review Condemned Over Flawed Artificial Intelligence Integration
Dozens of United Kingdom Government Services Taken Offline Amid Critical Software Vulnerability
Barclays Announces Five Thousand Job Cuts Citing Artificial Intelligence Productivity Gains
Treasury Relaxes Post-Financial Crisis Accountability Rules for City of London Executives
United Kingdom Government Issues Unprecedented Guidance Urging Citizens to Stockpile Essential Supplies
United Kingdom Consumer Inflation Accelerates to Eleven-Month High Driven by Transport Costs
United Kingdom Public Sector Net Debt Breaches Three Trillion Pounds Ahead of Autumn Budget
Department for Science, Innovation and Technology Commits Fifty Million Pounds to Establish Regional Artificial Intelligence Innovation Clusters
Ofgem Directs Major Energy Suppliers to Expand Vulnerable Household Support Funds Ahead of Winter Heating Season
Home Office and National Police Chiefs Council Unveil New Intelligence-Led Strategy to Tackle Organised Immigration Crime Networks
First Minister John Swinney Secures Scottish Parliament Approval for Comprehensive Climate and Green Energy Infrastructure Strategy
National Health Service England and Trades Union Congress Finalize Agreement on Emergency Winter Staffing and Pay Frameworks
HM Treasury and Department for Business and Trade Announce Multi-Billion-Pound Sovereign Investment Pact to Spur Regional Advanced Manufacturing
Bank of England Governor Andrew Bailey Signals Potential for Faster Interest Rate Cuts as Domestic Inflation Pressures Ease Below Forecasts
Parliamentary Inquiry Highlights Urgent Need to Address Housing Shortage as Scottish Completions Hit Eleven-Year Low
United Kingdom and Singapore Sign Comprehensive Financial Agreement to Deepen Digital and Sustainable Market Ties
Greggs Announces Plan to Close Four Manufacturing Facilities and Cut Seven Hundred and Forty Jobs
International Monetary Fund Raises United Kingdom Economic Growth Forecast While Warning of Inflationary Pressures
Energy Security and Net Zero Committee Urges Government to Shift Policy Costs Onto Gas to Lower Household Bills
Housebuilding Across Scotland Plummets to Eleven-Year Low Despite Government Pledges to Tackle National Housing Emergency
Greggs Announces Factory Closures Across Northern England and Scotland Affecting Seven Hundred Forty Jobs
United Kingdom and Singapore Conclude Eleventh Financial Dialogue in Singapore to Deepen Cooperation on Digital Finance and Capital Markets
Energy Security and Net Zero Committee Urges Government to Shift Policy Costs to Gas Bills and Tap Windfall Profits to Lower Consumer Prices
British Broadcasting Corporation Announces Major Cost-Cutting Overhaul to Close Linear Broadcast Services for Television Channels BBC Three and BBC Scotland Alongside Digital Radio Station BBC Radio Four Extra
London Capital Markets Face Renewed Scrutiny After High-Profile Offerings Underperform Post-Listing
Green Party Wins Historic First Westminster Parliamentary By-Election in Gorton and Denton
Environment Secretary Emma Reynolds Unveils Sweeping Regulatory Overhaul for English Water Industry
United Kingdom Health Security Agency Confirms Thirty-Four Cases in Kent Meningitis Outbreak
Ministry of Defence Prepares Heat Pump Subsidy Cuts to Fund Urgent Military Modernization
British and European Union Officials Schedule Long-Awaited Bilateral Leaders Summit for November Twentieth
Bank of England Governor Andrew Bailey Urges Strict Fiscal Credibility to Protect British Bond Markets
United Kingdom Inflation Rises to Three Point One Percent Driven by Escalating Fuel Costs
Profit Warnings Among London-Listed Companies Reach Two-Year High Amid Global Energy Shocks
Chancellor John Healey Signals Targeted Tax Changes on Banks and London Corporate Offices Ahead of Budget
British Government Reallocates Twenty-Five Per Cent of International Climate Finance to Global Biodiversity Projects
Initial British Carbon Border Taxes Set to Undercut Parallel European Union Tariffs on Industrial Imports
Whitehall Prepares National Zero-Interest Loan Initiative to Accelerate Domestic Heat Pump and Solar Adoption
European Union Offers British Automakers Access to Hybrid Vehicle Trade Protections Subject to Strict Regulatory Alignment
British Probation Officers Threaten Widespread Industrial Action After Rejecting Five Per Cent Government Pay Offer
Microsoft Abandons Major British Artificial Intelligence Data Centre Citing Severe National Grid Power Constraints
United Kingdom Inflation Accelerates to Three Point Four Per Cent Ahead of Chancellor John Healey's Inaugural Autumn Budget
Surging Cloned Number Plates Severely Complicate Traffic Enforcement and Police Investigations
Mounting Opposition Challenges Planned Rollout of Autonomous Taxis Across London
Influential Think Tank Urges Rejoining European Union to Navigate Geopolitical Crises
Government Review Recommends Slashing Benefits to Fund Youth Employment Initiatives
×