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Last Updated:
2024-09-22 08:21:10

Elizabeth Holmes

American biotech entrepreneur convicted of fraud
American biotech entrepreneur convicted of fraud

Elizabeth Holmes, founder of Theranos, was once a billionaire but faced fraud charges for misleading investors and the government. She was convicted in 2022 and sentenced to prison.

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19
Elizabeth Holmes drops out of Stanford to start Theranos

At the age of 19, Elizabeth Holmes left Stanford University to establish the blood-testing startup Theranos. The company's technology was initially lauded as groundbreaking, and Holmes was compared to the likes of Steve Jobs.

1883-11-12
Elizabeth Holmes' Birth

Elizabeth Holmes, born in February 1984, is an American entrepreneur who founded Theranos, a now-defunct health technology company. She gained notoriety for her fraudulent practices in the medical industry.

1984-02-03
Birth of Elizabeth Holmes

Elizabeth Holmes was born on February 3, 1984 in Washington, D.C. She later became a prominent American entrepreneur known for the Theranos scandal.

1990
Elizabeth Holmes invents time machine

At the age of 7, Elizabeth Holmes attempted to invent her own time machine by creating detailed engineering drawings in a notebook.

1992
Elizabeth Holmes dreams of becoming a billionaire

By the age of 9, Elizabeth Holmes expressed her ambition to become a billionaire to her relatives with utmost seriousness and determination.

1994
Elizabeth Holmes displays intense competitive streak

From a young age, Elizabeth Holmes showed an intense competitive streak, especially during games like Monopoly where she would play until she won, displaying determination and a strong will to succeed.

2000
Elizabeth Holmes becomes the world's youngest self-made female billionaire

Elizabeth Holmes reached the milestone of being the youngest self-made female billionaire with a net worth of approximately $4.5 billion.

2002
Elizabeth Holmes becomes a 'president's scholar' at Stanford

Elizabeth Holmes received the honor of being a 'president's scholar' at Stanford during her freshman year, which included a $3,000 stipend for a research project.

2003
Founding of Theranos by Elizabeth Holmes

In 2003, Elizabeth Holmes dropped out of Stanford University and founded the blood testing startup Theranos with the goal of revolutionizing blood testing using just a few drops of blood.

2004-03
Elizabeth Holmes drops out of Stanford to pursue Theranos

In March 2004, Elizabeth Holmes, a sophomore studying chemical engineering at Stanford University, decides to drop out of school in order to focus on her startup Theranos, which she founded at the age of 19 in 2003. The company's name is a blend of 'therapy' and 'diagnosis'.

2005
Elizabeth Holmes and Ramesh Balwani begin living together

In 2005, Elizabeth Holmes and Ramesh Balwani started living together, which was kept secret from employees, investors, and business partners.

2008
Elizabeth Holmes convinces Theranos board to let her stay as CEO

In 2008, despite the board's initial decision to remove Elizabeth Holmes as CEO of Theranos in favor of someone more experienced, she managed to persuade them to allow her to remain in charge of the company during a two-hour meeting.

2009-09
Ramesh “Sunny” Balwani joins Theranos as Holmes’ right-hand man

In September 2009, Ramesh “Sunny” Balwani becomes the chief operating officer and president of Theranos, working closely with Elizabeth Holmes. Balwani, who is significantly older than Holmes, had met her in 2002 during a trip to Beijing.

2011
Christian Holmes hired at Theranos

In 2011, Elizabeth Holmes hired her younger brother, Christian, to work at Theranos despite his lack of medical or science background. Christian spent his early days at Theranos recruiting his Duke University fraternity brothers to join the company.

2013-09
Holmes opens up about Theranos; announces Walgreens partnership

In September 2013, after a decade of secrecy, Elizabeth Holmes reveals details about Theranos to the public and announces a partnership with Walgreens. This marks the beginning of media attention towards Theranos, with the first Wellness Center opening in a Walgreens store in Palo Alto.

2014-09-08
TechCrunch Disrupt Event

Elizabeth Holmes, the Chairman, CEO, and Founder of Theranos, spoke onstage at TechCrunch Disrupt in San Francisco. She discussed the company's innovative blood testing technology that required only a finger prick and a small amount of blood.

2015-09-29
Elizabeth Holmes attends panel discussion at Clinton Global Initiative's annual meeting

In September 29, 2015, Elizabeth Holmes, the CEO of Theranos, participated in a panel discussion at the Clinton Global Initiative's annual meeting in New York. This event showcased her involvement in high-profile gatherings and her role in the healthcare industry.

2015-10-21
Elizabeth Holmes speaking at Wall Street Journal Technology Conference

Elizabeth Holmes spoke at a technology conference in Laguna Beach, California, hosted by the Wall Street Journal on October 21, 2015.

2016-03
CMS threatens to ban Holmes, Balwani from lab business

In March 2016, Centers for Medicare and Medicaid Services (CMS) threatens to ban Elizabeth Holmes and Ramesh Balwani from the laboratory business for two years due to issues at Theranos' California lab.

2016-04
Breakup of Elizabeth Holmes and Sunny Balwani

In spring 2016, Elizabeth Holmes ended her relationship with Sunny Balwani and removed him from the company they co-founded, Theranos.

2016-06
Forbes revises Elizabeth Holmes' net worth to $0 amid fraud allegations

In June 2016, Forbes revised Elizabeth Holmes' net worth to $0 as Theranos' technology faced scrutiny and investigations from federal agencies, leading to a downfall in her wealth.

2016-07
Elizabeth Holmes banned from lab-testing industry

In July 2016, Elizabeth Holmes was banned from the lab-testing industry for a period of two years.

2017
Meeting William 'Billy' Evans

Elizabeth Holmes first met William 'Billy' Evans in early 2017.

2018-06-15
Indictment of Elizabeth Holmes and Ramesh Balwani

Elizabeth Holmes and former Theranos COO Ramesh Balwani were indicted by a federal grand jury on nine counts of wire fraud and two counts of conspiracy to commit wire fraud after a two-year investigation. They were accused of defrauding investors, doctors, and patients.

2019-02-21
Reports of Elizabeth Holmes and William 'Billy' Evans' Relationship

In February 2019, reports surfaced about Elizabeth Holmes wearing Evans' MIT 'signet ring' and the couple sharing photos on a private Instagram account, with Evans' parents expressing surprise at their son's decision to marry Holmes.

2019-03-18
Premiere of The Inventor: Out for Blood in Silicon Valley

On March 18, 2019, HBO premiered the documentary The Inventor: Out for Blood in Silicon Valley, which showcased the claims and downfall of Theranos due to falsehoods propagated by Elizabeth Holmes.

2019-11-04
Elizabeth Holmes Motion Hearing

Elizabeth Holmes appeared for a motion hearing at the U.S. District Court House in San Jose, California. She is facing federal fraud charges related to her biotech startup Theranos.

2020-02
Charges dropped in federal case

In February 2020, Elizabeth Holmes received a favorable ruling in her federal case as some of the charges against her were dropped by a judge who ruled that some patients did not suffer financial loss.

2020-04
Holmes' lawyers request case to be deemed 'essential'

In April 2020, amid the coronavirus outbreak, Elizabeth Holmes' lawyers asked the judge to consider the case 'essential' to defy lockdown orders and continue face-to-face meetings. The judge expressed surprise at the defense team's request to violate lockdown measures.

2020-05
Additional Wire Fraud Charge for Holmes

Elizabeth Holmes faces an additional criminal charge of wire fraud, bringing the total counts against her to twelve.

2020-07
Trial date postponed due to pandemic

The trial date for Elizabeth Holmes was initially set for July 2020, but due to the health risks associated with assembling a trial during the pandemic, it was deemed unrealistic. The presiding judge rescheduled the trial to October 2020 and later further postponed it to March 2021.

2020-09
Holmes' Defense Strategy Revealed

Court documents suggest that Elizabeth Holmes might use a 'mental disease' defense in her fraud trial. Later, allegations of an abusive relationship with Balwani surface.

2020-12
Holmes' criminal trial delayed to 2021

In December 2020, Elizabeth Holmes' criminal trial, initially set to begin in July 2020, is further delayed until July 2021 due to the coronavirus pandemic.

2021-05-04
Elizabeth Holmes seen leaving the Robert F. Peckham Federal Building

On May 4, 2021, Elizabeth Holmes was spotted leaving the Robert F. Peckham Federal Building in San Jose, California with her defense team.

2021-05-06
Elizabeth Holmes appears in U.S. federal court

Elizabeth Holmes, the founder and former CEO of Theranos Inc., appeared in a U.S. federal court in San Jose, California. She was scheduled to go to trial in August on charges related to the alleged fraud of her blood-test startup.

2021-08-08
Feature of Theranos Story on Australian 60 Minutes

On August 8, 2021, the Australian newsmagazine 60 Minutes highlighted the Theranos story and Elizabeth Holmes's upcoming trial.

2021-08-31
Holmes collects belongings at Robert F. Peckham Federal Building

Elizabeth Holmes collects her belongings after going through security at the Robert F. Peckham Federal Building with her defense team.

2021-09-08
Elizabeth Holmes starts fraud trial

Elizabeth Holmes, founder and former CEO of Theranos, started her fraud trial in San Jose, California on September 8, 2021, leaving the courthouse with her husband Billy Evans after the first day.

2021-10-23
Archiving of 'The Rise and Fall of Elizabeth Holmes'

The article 'The Rise and Fall of Elizabeth Holmes' was archived on October 23, 2021, providing insights into the controversial journey of Elizabeth Holmes.

2021-11-29
Elizabeth Holmes Testifies About Relationship with Sunny Balwani

On November 29, 2021, Elizabeth Holmes testified about her relationship with Sunny Balwani, stating that he was controlling and abusive. She also mentioned seeking solace from him after a traumatic incident.

2021-12-16
Hulu Releases Glance at Amanda Seyfried as Elizabeth Holmes

A sneak peek at Amanda Seyfried portraying Elizabeth Holmes in the TV series 'The Dropout' was released by Hulu.

2021-12-17
Elizabeth Holmes' trial case goes to jury

After 15 weeks of trial, Elizabeth Holmes' case went to a jury of eight men and four women on December 17, 2021.

2022-01-03
Elizabeth Holmes found guilty of fraud charges

On January 3, 2022, Elizabeth Holmes was found guilty of four out of 11 charges of fraud, while being acquitted on four charges and facing a hung jury on 3 counts.

2022-03-03
Premiere of 'The Dropout' on Hulu

The dramatized series featuring Amanda Seyfried as Elizabeth Holmes premiered on Hulu on March 3, 2022. The show explores the story of how the world's youngest self-made female billionaire lost everything suddenly.

2022-04-27
Elizabeth Holmes scheduled to report to prison

Despite a request to stay out of prison during appeal being denied in April 2022, Elizabeth Holmes was still required to report to prison on April 27 as originally planned.

2022-07-07
Verdicts in Elizabeth Holmes Trial

A jury has returned verdicts in the trial of Theranos founder Elizabeth Holmes.

2022-11-08
Judge denies Holmes' motions for a new trial

On November 8, the presiding judge rejected all three of Elizabeth Holmes' requests for a new trial, clearing the path for her sentencing.

2022-11-17
Verdicts in Elizabeth Holmes Trial

A jury has returned verdicts in the trial of Theranos founder Elizabeth Holmes.

2022-11-18
Sentencing of Elizabeth Holmes

Elizabeth Holmes was sentenced to 11+1⁄4 years in prison and ordered to surrender by April 27, 2023. She was also fined and faced supervised release after serving her prison term.

2023-05-17
Order for Elizabeth Holmes to Surrender to Custody

Elizabeth Holmes was ordered to surrender to custody on May 30, 2023, after unsuccessful appeals. She was also directed to pay $452 million to the fraud victims.

2023-05-30
Elizabeth Holmes arrives at Federal Prison Camp in Bryan, Texas

Elizabeth Holmes arrived at the Federal Prison Camp in Bryan, Texas on May 30, 2023, to serve her sentence. Her prison term has been shortened recently, and she is scheduled to be released on December 29, 2032.

2023-07-11
Shortening of Elizabeth Holmes' Prison Term

Elizabeth Holmes, the former CEO of Theranos, has had her prison sentence reduced by 2 years.

2024-05-07
More Months Trimmed from Elizabeth Holmes' Prison Release Date

On May 7, 2024, Elizabeth Holmes had additional months cut from her prison release date.

2024-05-08
Elizabeth Holmes' Prison Time Shortened

On May 8, 2024, Theranos founder Elizabeth Holmes' prison sentence was reduced once again.

2032-12-29
Elizabeth Holmes scheduled to be released from prison

Bureau of Prisons records show that Elizabeth Holmes is scheduled to be released on December 29, 2032, reflecting a shortened prison term compared to her original sentence.

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Elizabeth Holmes
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