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Theranos Founder Elizabeth Holmes Seeks Sentence Commutation from President Trump
Holmes seeks early release to reduce her 11-year sentence by nearly six years while appealing her conviction for defrauding investors in a $9 billion biotech startup.
- President Donald Trump has received a commutation request from Elizabeth Holmes, former Theranos CEO, filed last year and listed as pending on the U.S. Justice Department's Office of the Pardon Attorney website.
- After her 2022 conviction, Holmes began serving an 11-year sentence in May 2023 at Federal Prison Camp Bryan, Texas, and a U.S. appeals court last year upheld her convictions.
- Theranos built its rise on claims that its device could diagnose many conditions from a few drops of blood, but the technology failed despite a $9 billion valuation and $945 million in financing.
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Trump has granted clemency to several high-profile white-collar fraudsters. Could Elizabeth Holmes be next?
President Donald Trump has been on a clemency kick. During his first year back in office, he granted clemency to about 1,600 people—more than six times as many people as he did during his first term—mostly for involvement in the Jan. 6, 2021 attack on the U.S. Capitol. He also has granted clemency to dozens of people convicted of financial crimes, including pardoning the former CEO of the crypto exchange Binance Changpeng Zhao and commuting the …
·New York, United States
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Coverage Details
Total News Sources57
Leaning Left12Leaning Right4Center29Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 27%
C 64%
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