MD+DI Online is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Elizabeth Holmes Is Doing All She Can to Avoid Prison

Image courtesy of REUTERS / Brittany Hosea-Small / Alamy Stock Photo Elizabeth Holmes arrives at the federal courthouse in San Jose, CA on November 18, 2022 with her family and partner Billy Evans to be sentenced on her Theranos fraud conviction
Theranos founder Elizabeth Holmes, pregnant with her second child, is appealing her conviction and prison sentence as sentencing looms for her former partner, Ramesh "Sunny" Balwani.

Elizabeth Holmes appears to be doing everything she legally can to avoid serving her prison sentence for the Theranos fraud. Meanwhile, Ramesh "Sunny" Balwani, former chief operating officer at the failed blood-testing company and Holmes' ex-lover, is expected to be sentenced Wednesday.

unanimous jury convicted Holmes on Jan. 3 on four counts of investor fraud and conspiracy. In November, U.S. District Judge Edward Davila sentenced her to 11.25 years in prison (the low end of the sentencing guide range of 11.25 years to 14 years) plus three years of supervised release. The judge set a surrender date for April 27.

Balwani, 57, was convicted in July of 10 counts of wire fraud and two counts of conspiracy for defrauding Theranos investors and patients. Prosecutors are seeking a 15-year prison sentence for him, the same sentence they sought for Holmes. The photo below shows Balwani as he arrives at the federal courthouse in San Jose, CA during jury deliberations at his fraud trial on June 28.

Image courtesy of REUTERS / Brittany Hosea-Small / Alamy Stock PhotoRamesh "Sunny" Balwani, former president and chief operating officer (COO) of Theranos and ex-boyfriend of founder Elizabeth Holmes, arrives during jury deliberations at his federal trial for fraud in San Jose, CA, on June 28, 2022

Now, Holmes, 38, is asking to stay out of prison pending an appeal of her conviction and sentence. In the request, filed Monday night, Holmes confirmed that she is pregnant with her second child. Although many reporters and spectators previously noted that Holmes appeared to be about seven months pregnant at her sentencing, this is the first that she has publicly acknowledged it in legal filings.

The request argues that Holmes is not a flight risk, given that she did not flee in the aftermath of her conviction or sentencing, and that ties to her partner and family, "including her son and soon-to-be-born child," incentivize her to comply with her conditions of release.

Attorneys for Elizabeth Holmes did not disclose what grounds they plan to cite in her appeal, but she has until March 3 to file briefs and trial transcripts backing her request. Legal experts have reportedly said the chances of winning her appeal are low, but that the process could take years. She is asking to remain free on bail while the appeal is decided.

In the courtroom sketch below, Holmes makes her statement to the judge during her sentencing. She reportedly cried as she spoke to the judge.

Image courtesy of REUTERS / Vicki Behringer / Alamy Stock PhotoTheranos founder Elizabeth Holmes makes her statement to U.S. District Judge Edward Davila during a hearing on her convictions for defrauding investors in the blood testing startup, at the federal courthouse in San Jose, California, U.S., November 18, 202

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.