Current:Home > InvestElizabeth Holmes could serve less time behind bars than her 11-year sentence -FundWay
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
Algosensey View
Date:2025-04-09 03:23:30
Theranos founder Elizabeth Holmes could leave prison a year and a half earlier than expected, Federal Bureau of Prisons records show.
According to the agency's inmate locator, Holmes' release date is scheduled for Dec. 29, 2032. That means she is slated to serve 9 years and seven months. In November a judge sentenced Holmes, who was also CEO of the blood-testing company, to 11 years and three months behind bars.
Holmes began serving her sentence Federal Prison Camp Bryan, a minimum-security prison for women in Bryan, Texas, on May 30.
A prisoner's release date can vary based on a number of factors, including time served prior to sentencing, credit for good conduct and even where a prisoner serves time, according to a memo from Prison Law Office, a nonprofit law firm.
The Bureau of Prisons didn't immediately reply to a request for comment.
Holmes was convicted of four counts of defrauding investors after a Wall Street Journal investigation in 2015 revealed the technology behind her company failed to work as promised. The report, which alleged Holmes had knowingly misled investors about the faulty tech, precipitated the unraveling of the company once valued at $9 billion and eventually led to Holmes facing criminal charges.
Former Theranos Chief Operating Officer Ramesh "Sunny" Balwani last year was sentenced to 12 years and 11 months in prison after being convicted on multiple counts of fraud. He began serving his term at FCI Terminal Island prison in San Pedro, Calif., in April. Bureau of Prisons records show he is scheduled for release on April 1, 2034, which means he would serve 11 years.
- In:
- Theranos Trial
- Elizabeth Holmes
veryGood! (1819)
Related
- Sam Taylor
- Why the NBA's G League Ignite will shut down after 2023-24 season
- An LA reporter read her own obituary. She's just one victim of a broader death hoax scam
- Pennsylvania lawmakers push to find out causes of death for older adults in abuse or neglect cases
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Chicago voters reject ‘mansion tax’ to fund homeless services during Illinois primary
- Interim leader of Alcorn State is named school’s new president
- We Found the 24 Best Travel Deals From Amazon's Big Spring Sale 2024: 57% off Luggage & More
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- House passes $1.2 trillion spending package hours before shutdown deadline, sending it to Senate
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Caitlin Clark has fan in country superstar Tim McGraw, who wore 22 jersey for Iowa concert
- Why the NBA's G League Ignite will shut down after 2023-24 season
- Ariana Grande, Josh Peck and the problem with punishing child stars
- Sam Taylor
- Kamala Harris to tour blood-stained building where 2018 Florida school massacre happened
- Kristin Cavallari’s Boyfriend Mark Estes Responds to Criticism Over Their 13-Year Age Gap
- 2025 Audi A3 sedan first look: A subtle refresh, expressive customizable headlights
Recommendation
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Man pleads guilty in fatal kidnapping of 2-year-old Michigan girl in 2023
Refresh and Rejuvenate With 20 Self-Care Deals From the Amazon Big Spring Sale Starting at $5
Vote-counting machine foes hoped for a surge of success in New Hampshire. They got barely a ripple
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
Casey, McCormick to appear alone on Senate ballots in Pennsylvania after courts boot off challengers
Mega Millions jackpot approaching $1 billion: 5 prior times lottery game has made billionaires
An LA reporter read her own obituary. She's just one victim of a broader death hoax scam