London Daily

Focus on the big picture.
Tuesday, Jun 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
Taxpayer Support Grows for Higher Digital Levies on Multinational Tech Companies
Bank of England Signals Caution Over Inflation Despite Easing Energy Prices
Lloyds Banking Group Expands Artificial Intelligence Hiring Amid Sector-Wide Automation Shift
Film Producer Corporate Collapse Leaves Creditors Facing Unrecoverable Losses
UK Ten-Year Brexit Anniversary Highlights Ongoing Political and Economic Uncertainty
Nottingham Maternity Scandal Inquiry Reveals Systemic Failings in NHS Care
Met Office Heatwave Prompts Public Health Warnings Across United Kingdom
Concerns Rise Over Fiscal Stability as Political Uncertainty Weighs on UK Borrowing Costs
UK Taxpayers Back Higher Digital Taxes on Global Technology Firms, Survey Shows
Bank of England Holds Interest Rates Steady Amid Persistent Services Inflation
Reform UK and Opposition Leaders Call for General Election Following Starmer’s Departure
Ten Years After Brexit Referendum, UK Faces Ongoing Political Fragmentation and Economic Debate
Nottingham University Hospitals Maternity Inquiry Exposes Severe NHS Failures
Met Office Issues Heat Health Alerts as United Kingdom Faces Record-Breaking Temperatures
Andy Burnham Emerges as Front-Runner for Labour Leadership After Starmer’s Resignation
Keir Starmer Resigns as UK Enters New Phase of Political Leadership Transition
UK Expands Alcohol Ban Enforcement Using Tagging Technology Ahead of World Cup
UK Invests £50 Million in Critical Minerals Supply Chain Security
UK Appoints Special Envoy on Preventing Sexual Violence in Conflict
UK Introduces Fines for Landlords of Unsafe Rental Properties
Reform UK Leads Opinion Polls as Immigration Debate Reshapes UK Politics
Police Investigate Edinburgh Attacks as Potential Hate Crimes
King Charles to Publish Personal Tax and Royal Household Financial Records
Nottingham University Hospitals Maternity Inquiry Report Set for Publication
Heat-Health Alerts Issued Across London and Southern England Amid Rising Temperatures
UK Economy Shows Pressure From Middle East Conflict Despite Modest Growth
Brexit Anniversary Reignites Debate Over UK Economic and Political Direction
UK Parliament Continues Legislative Work Amid Leadership Transition
Financial Markets Hold Steady After UK Leadership Shake-Up
Andy Burnham Enters Labour Leadership Race With Strong Parliamentary Backing
Keir Starmer Resigns as UK Prime Minister After Two Years in Office
Reform UK MP Lee Anderson to Raise Pension Concerns Over British Coal Staff Superannuation Scheme
UK Parliament to Debate Newborn Screening for Spinal Muscular Atrophy Following Public Petition
Met Office Warns of Water Safety Risks During Heatwave as Temperatures Peak in England
Treasury Increases Mileage Allowance Payments for 2026–27 Tax Year to 55 Pence Per Mile
UK Government Raises Electricity Generator Levy to 55 Percent in New Revenue Measure
House of Lords Moves Financial Services and Markets Bill to Committee Stage Amid Regulatory Scrutiny
Westminster Hall to Debate Petition on Pro-Israel Influence in UK Politics
UK Parliament Prepares for Estimates Days Debates as Backbench Business Schedule Approved
Armed Forces Bill Nears Final Stages in UK House of Commons With Military Justice Reforms
Donald Trump Comments on UK Political Situation, Citing Immigration and Energy Policy Concerns
Andy Burnham By-Election Victory Fuels Speculation Over Potential Labour Leadership Contest
UK Economy Shows Resilience but Faces Headwinds from Middle East Tensions, UK Finance Says
UK Parliament Opens Week of Debates on Net Zero, Security and Armed Forces Reform
Met Office Issues Amber Extreme Heat Warning as Temperatures Expected to Reach 35C Across England and Wales
Prime Minister Keir Starmer Faces Mounting Leadership Pressure After Makerfield By-Election Defeat
London Hotel Wins World’s Best Afternoon Tea Award at International Hospitality Guide La Liste
Court of Appeal Rules in Favour of Competition and Markets Authority in Phenytoin Drug Case
Chichester Waste Site Suspended After Environment Agency Finds Serious Fire and Pollution Risks
UK Appoints Chris Elmore as Special Envoy on Preventing Sexual Violence in Conflict
×