London Daily

Focus on the big picture.
Saturday, Mar 28, 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
Thousands Rally in London to Oppose Rise of Far-Right Movements
Hong Kong Official Rejects Allegations of Surveillance Orders Targeting UK-Based Dissidents
PayPal Expands Cryptocurrency Services to Allow UK Users to Buy and Sell Bitcoin
UK Minister Challenges Reform Party’s ‘Pro-Family’ Agenda as Debate Intensifies
Concerns Grow Over Meningitis Risk Among UK Students Amid Warning Signs of New Outbreaks
Japanese Grand Prix 2026: Schedule, UK Start Times and Full Broadcast Details
Electric Vehicles Seen as Strategic Solution to UK Fuel Reserve Concerns
Rise of Lone-Actor Threats and Online Radicalisation Drives New Wave of Antisemitic Attacks in the UK
Canada Advances Plan to Ban Cryptocurrency Donations in Election Campaigns
UK Faces Looming Medicine Shortages as Iran Conflict Threatens Supply Chains
Deadly Meningitis Outbreak in the U.K. Highlights Urgent Need for Vaccination
Fresh Claims Emerge Over Harry and Meghan’s Australia Visit as Insider Speaks Out
NATO Assessment Indicates UK Defence Spending Has Fallen Below Alliance Average
FTSE 100 Slips as Middle East Tensions Weigh on Investor Sentiment
UK Economy Begins to Feel Early Impact of Iran Conflict as Policy Challenges Intensify
Russian National Jailed in UK After Assault Case Linked to Barron Trump’s Alert
Energy Price Surge Accelerates Shift Away from Fossil Fuels in UK Homes
UK Museums House More Than 260,000 Human Remains, New Report Reveals
Surging UK Gilt Yields Reflect Inflation Pressures and Fiscal Uncertainty
UK Issues Updated Guidance on Children’s Screen Time with Focus on Balance and Wellbeing
UK Migration Figures Show Shifting Trends Across Asylum, Visas and Channel Crossings
UK Watchdog Launches Probe into Five Firms Over Alleged Fake Reviews and Ratings
Jaguar Land Rover Halts Production at UK Plant Amid Supplier Disruption
UK Police Reverse Position, Confirm Arrests Will Resume for Palestine Action Protests
UK Small Businesses Face Europe’s Steepest Cost Pressures, New Survey Reveals
US Envoy Urges UK to Proceed with King’s Visit Amid Diplomatic Sensitivities
FTSE 100 Drops Over One Percent as Middle East Tensions Weigh on Markets
UK CO2 Plant Set to Reopen as Authorities Move to Safeguard Supplies Amid Middle East Tensions
Trump Urges Stronger Defence Investment as He Questions Allied Naval Capabilities
New COVID Variant Detected in UK Raises Concerns Over Vaccine Effectiveness
FTSE Russell Moves to Standardise Free-Float Rules for UK and International Listings
HBO Max Launches in UK and Ireland, Marking Major Step in Global Streaming Expansion
UK Signals Readiness to Seize Russian ‘Shadow Fleet’ Vessels in Escalation of Sanctions Enforcement
Escalating Middle East Conflict Seen as Major Threat to UK Economic Stability
Early Challenges Mark Prince Harry and Meghan’s Australia Visit
UK Government Rejects Cover-Up Claims After Theft of Former PM Aide’s Phone
Cyprus Opens Strategic Talks with UK Over Sovereign Base Areas
UK Faces Risk of Sharp Inflation Surge Despite Stable Pre-Crisis Figures
UK Police Arrest Two Over Suspected Antisemitic Arson as Iran Link Investigated
UK Inflation Holds at Three Percent Ahead of Oil Price Shock from Iran Conflict
UK Fuel Prices Face Upward Pressure as Global Oil Trends Raise Cost Outlook
Girlguiding UK Sets September Deadline for Membership Policy Change Affecting Trans Participants
Germany and UK Accelerate Wind Power Expansion to Strengthen Energy Security
UK Moves to Ban Cryptocurrency Donations to Political Parties Over Foreign Influence Concerns
UK and Turkey Finalise Major Air Defence Agreement Worth Billions
Apple Introduces Mandatory Age Verification for iPhone Users in the UK
Diverging Views Emerge Over Meghan Markle’s Planned Australia Appearance
Trump Signals Frustration with UK Leadership Amid Diverging Approaches to Iran Conflict
UK Government Takes Control of Hunterston B as Landmark Nuclear Decommissioning Begins
UK Public Inflation Expectations Jump Sharply in March, Raising Pressure on Bank of England
×