Trial of Elizabeth Holmes

Epic card · No. 5815

United States v. Elizabeth A. Holmes, et al., (No. 18-CR-00258-EJD) was a United States federal criminal fraud case against the founder of the now-defunct corporation Theranos, Elizabeth Holmes, and its former president and COO, Ramesh Balwani. The case alleged that Holmes and Balwani perpetrated multi-million dollar wire-fraud schemes against investors and patients. They had separate jury trials. A five-person team from the white-collar crime litigation firm Williams & Connolly defended Holmes. The case began on August 31, 2021, when a jury of Northern California residents was selected. The jury reached a split verdict on January 3, 2022, with Holmes found guilty of criminal fraud on four counts. On November 18, 2022, she was sentenced to 11.25 years (135 months) in prison. She started her 11-year prison sentence on May 30, 2023. Balwani had the same charges as Holmes. On July 7, 2022, Balwani was found guilty on all counts and also faced up to 20 years in prison and millions of dollars...

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