Case file · U.S. District Court for the Northern District of California (San Jose), United States

Elizabeth Anne Holmes: charges, verdict and sentence

United States

Holmes

U.S. District Court for the Northern District of California (San Jose), United States · 2018 to 2026

Elizabeth Holmes, founder of the blood testing company Theranos, was tried in federal court in San Jose on 11 counts and in January 2022 was found guilty of three counts of wire fraud and one count of conspiracy to commit wire fraud. She was sentenced to 135 months in prison and ordered, jointly with former Theranos executive Ramesh Balwani, to pay 452 million dollars in restitution. A federal appeals court upheld the convictions and restitution in 2025.

Where it stands nowAs of September 2026 Holmes was held at Federal Prison Camp Bryan in Texas with a projected release date of 22 February 2030 and a scheduled transfer to a halfway house on 23 August 2027, according to federal records cited by The National Desk. In January 2026 ABC News reported that her commutation request was pending with the Office of the Pardon Attorney. No grant of clemency had been reported in the sources reviewed.

Charges and outcomes

Charge	Outcome	Date
Wire fraud, three counts^1,3	Convicted	January 2022
Conspiracy to commit wire fraud, one count^1,3	Convicted	January 2022

Sentence

135 months in prison, later reduced to 10 years and 3 months through a retroactive guideline change and First Step Act credits, plus 452 million dollars in restitution owed jointly with Ramesh Balwani.

Court record, stage by stage

2021
trialJury trial lasting more than three months on 11 counts¹
U.S. District Court, N.D. California, San Jose
3 January 2022
verdictJury reported it could not reach a unanimous verdict on three of the 11 counts and returned guilty verdicts on four counts¹
U.S. District Court, N.D. California
November 2022
sentenceSentenced to 135 months in prison by U.S. District Judge Edward Davila^2,3
U.S. District Court, N.D. California
May 2023
sentenceOrdered to pay 452 million dollars in restitution jointly with Ramesh Balwani, the same day the Ninth Circuit denied her request to remain free pending appeal²
U.S. District Court, N.D. California
May 2023
sentenceBegan serving her sentence³
2025
appealFederal appeals court upheld the convictions, the sentence and the restitution order^3,4
U.S. Court of Appeals for the Ninth Circuit
21 January 2026
appealThe Justice Department's Office of the Pardon Attorney listed her request, filed in 2025, for commutation of her sentence as pending⁴
Office of the Pardon Attorney, U.S. Department of Justice

Sources

KVIA (CNN), Elizabeth Holmes found guilty on four out of 11 federal charges (3 January 2022)
NBC News, Elizabeth Holmes loses bid to avoid prison, ordered to pay 452M in restitution (May 2023)
The National Desk, Convicted Theranos founder Elizabeth Holmes set for Texas halfway house in 2027 (24 September 2026)
ABC News via ABC7, Theranos founder Elizabeth Holmes asks Trump administration to commute her prison sentence (21 January 2026)

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