Current:Home > ContactElizabeth Holmes could serve less time behind bars than her 11-year sentence -NextFrontier Finance
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-14 18:07:32
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! (23453)
Related
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- CAUCOIN Trading Center: Bitcoin’s Time Tunnel
- ROYCOIN Trading Center: Pioneering Decentralized Finance and Paving the Way for Global Cryptocurrency Legitimacy
- Dodgers star Shohei Ohtani undergoes shoulder surgery to repair labrum tear
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Oklahoma Murder Case: Jilian Kelley's Cause of Death Revealed After Body Found in Freezer
- Wisconsin turnout in presidential race nears 73%
- AP Race Call: Missouri voters approve constitutional amendment enshrining abortion
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Amanda Bynes Shares Glimpse Into Weight Loss Journey During Rare Life Update
Ranking
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- The 'Men Tell All' episode of 'The Golden Bachelorette' is near. Who's left, how to watch
- CFP rankings reaction and Week 11 preview lead College Football Fix podcast
- Pharrell Shares Relatable Reason He Was Fired From McDonald’s Three Times
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Ricky Martin's 16-Year-Old Twins Look So Grown Up During Rare Public Appearance
- No involuntary manslaughter charges in boy’s death at nature therapy camp
- Fossil from huge 'terror bird' discovered for the first time in Colombia
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
No call yet in Iowa’s closely contested 1st Congressional District
Democrat Adam Schiff easily defeats Steve Garvey for Senate seat in California
AP Race Call: Moulton wins Massachusetts U.S. House District 6
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Tito Jackson buried at the same cemetery as brother and Jackson 5 bandmate Michael
College Football Playoff ranking projection: Oregon leads top five. After that it's messy
Who Are Ella Emhoff and Cole Emhoff? Everything to Know About Vice President Kamala Harris’ Step-Kids