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Why wouldn't Trump pardon this swindler?
Los Angeles Times
|December 07, 2025
Elizabeth Holmes, founder of Theranos, angles for release by extolling MAGA.
FORMER Theranos Chief Executive Elizabeth Holmes leaves a restitution hearing in San José in March 2023.
(PHILIP PACHECO Getty Images)
For a while, it seemed Elizabeth Holmes was everywhere.
Peering wide-eyed and black-turtlenecked from a shelf load of magazine covers. Honored as a “Woman of the Year” by Glamour. Touted as one of Time’s “100 Most Influential People.”
At age 30, Holmes was regarded as a preternatural business talent — and, more impressively, described as the youngest self-made female billionaire in history — owing to her founding and stewardship of Theranos, a Silicon Valley startup that promised to revolutionize healthcare by diagnosing a host of maladies with just a pinprick’s worth of blood.
It was all a big con job.
Her medical claims were a sham. Theranos’ technology was bogus. Even the husky TED-talking voice Holmes used to invest herself with greater seriousness and authority was a put-on. (The turtlenecks were an austere affectation she cribbed from Steve Jobs.)
In January 2022, a San José jury convicted Holmes on four counts of fraud and conspiracy. At age 37, she became a case study in gullibility and greed.
Months later, Holmes — by then a mother of two — was sentenced to Il years and three months in prison. She began serving her term in May 2023, at a women’s prison camp outside Houston.
Now, Holmes — who spawned a bestselling book, podcasts, a documentary, a TV miniseries and, not incidentally, stole hundreds of millions of dollars from investors — is lobbying for a pardon from President Trump.
And why not?
Game knows game. Grift knows grift.
This story is from the December 07, 2025 edition of Los Angeles Times.
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