"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 sentence of former Rep. George Santos (R-N.Y.)"
"Elizabeth Holmes, the disgraced founder of Theranos, is the latest person convicted of criminal fraud to ask for Trump to commute her sentence (lessen her punishment), according to a request filed in 2025 to the Department of Justice. Holmes experienced a meteoric rise in the early 2010s with the initial success of her company Theranos, which claimed its medical device could detect diseases from a few drops of blood at a fraction of the price."
"The company raised almost $1 billion from investors such as Larry Ellison, Betsy Devos, and Rupert Murdoch, and former Secretaries of State George Shultz and Henry Kissinger sat on the board of directors. But in 2015, Holmes was exposed for misleading investors and misrepresenting the efficacy of Theranos' technology after a series of articles in The Wall Street Journal. She began serving an 11-year sentence in May 2023 at a minimum-security federal prison in Texas after being convicted of defrauding the investors"
President Donald Trump granted clemency to about 1,600 people in his first year back in office, primarily for involvement in the Jan. 6, 2021 attack, and also pardoned or commuted sentences for multiple individuals convicted of financial crimes. Elizabeth Holmes, founder of Theranos, requested a commutation in 2025 after her conviction for defrauding investors. Theranos raised nearly $1 billion and claimed a device detecting diseases from a few drops of blood. Holmes was exposed in 2015 for misleading investors, began serving an 11-year sentence in May 2023 that was later reduced for good behavior, lost a 2025 appeals bid, and maintains her innocence with nearly six years remaining.
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