just two years later, in 2019. They now have two children together. Holmes gave birth to their first child in July 2021 while she awaited her trial, and their second arrived in 2023.
2018: Both Balwani and Holmes were indicted on crimes related to malpractice at Theranos, and the company shuttered.In March 2018, Holmes was charged by the Securities and Exchange Commission with what it called an"elaborate, years-long fraud." According to the SEC, Balwani, Holmes, and Theranos collectedfrom investors under false pretenses that their machinery was not only functional, but groundbreaking.
Although she agreed to pay a fine of $500,000 and accept a 10-year ban on serving as either an officer or director of a public company, Holmes declined to confirm or deny her culpability, according toThen, in June 2018, a federal grand jury indicted both Holmes and Balwani on nine counts of wire fraud and two counts of conspiracy to commit wire fraud. Both pleaded not guilty.
2021: Holmes alleged that Balwani abused her psychologically, physically, and sexually throughout their romantic relationship. He denied those claims.Jane Tyska/Digital First Media/The Mercury News/Getty Images