Current:Home > reviewsElizabeth Holmes could serve less time behind bars than her 11-year sentence -SummitInvest
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-11 20:27:12
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! (99)
Related
- B.A. Parker is learning the banjo
- Teens struggle to identify misinformation about Israel-Hamas conflict — the world's second social media war
- Fresh Express bagged spinach recalled in 7 states over potential listeria concerns
- Japan’s trade shrinks in November, despite strong exports of vehicles and computer chips
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Snoop Dogg's new smoke-free high: THC and CBD drinks, part of my smoking evolution
- Sydney Sweeney Reflects on Tearful Aftermath of Euphoria Costar Angus Cloud's Death
- In a season of twists and turns, these 10 games decided the College Football Playoff race
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Regulators approve deal to pay for Georgia Power’s new nuclear reactors
Ranking
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Italian fashion influencer apologizes for charity miscommunication, is fined 1 million euros
- Former Haitian senator sentenced to life in prison in 2021 assassination of Haiti’s president
- Migrant child’s death and other hospitalizations spark concern over shelter conditions
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- 2024 MLS SuperDraft: Tyrese Spicer of Lipscomb goes No. 1 to Toronto FC
- How Ariana Madix Influenced Raquel Leviss' Decision to Leave Vanderpump Rules
- Coal miners lead paleontologists to partial mammoth fossil in North Dakota
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Former NFL running back Derrick Ward arrested on felony charges
See inside the biggest Hamas tunnel Israel's military says it has found in Gaza
Give the Gift of Travel This Holiday Season With Rare Deals on Away Luggage
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Members of a union representing German train drivers vote for open-ended strikes in bitter dispute
Ex-Proud Boys leader is sentenced to over 3 years in prison for Capitol riot plot
Russia ramps up its military presence in the Arctic nearly 2 years into the Ukraine war