Current:Home > NewsElizabeth Holmes could serve less time behind bars than her 11-year sentence -EquityExchange
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
Poinbank View
Date:2025-04-09 06:01:37
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! (1)
Related
- Intellectuals vs. The Internet
- Man in bulletproof vest fatally shoots 5, injures 2 in Philadelphia; suspect in custody
- Man accused of running over and killing woman with stolen forklift arrested
- Mark Consuelos Reveals Warning Text He Received From Daughter Lola During Live With Kelly & Mark
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Migrant workers said to be leaving Florida over new immigration law
- How Anthony Bourdain's Raw Honesty Made His Demons Part of His Appeal
- Jana Kramer Is Pregnant with Baby No. 3, Her First With Fiancé Allan Russell
- Meta releases AI model to enhance Metaverse experience
- Kim Zolciak Won't Be Tardy to Drop Biermann From Her Instagram Name
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Biden’s Paris Goal: Pressure Builds for a 50 Percent Greenhouse Gas Cut by 2030
- The Ultimatum: Queer Love Relationship Status Check: Who's Still Together?
- Prince Harry and Meghan Markle's Son Prince Archie Receives Royally Sweet 4th Birthday Present
- Senate begins final push to expand Social Security benefits for millions of people
- A roller coaster was shut down after a crack was found in a support beam. A customer says he spotted it.
- Vanderpump Rules: Raquel Leviss Wanted to Be in a Throuple With Tom Sandoval and Ariana Madix
- Targeted as a Coal Ash Dumping Ground, This Georgia Town Fought Back
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
AEP Cancels Nation’s Largest Wind Farm: 3 Challenges Wind Catcher Faced
Kathy Griffin Undergoes Vocal Cord Surgery
Wife of Pittsburgh dentist dies from fatal gunshot on safari — was it an accident or murder?
What do we know about the mysterious drones reported flying over New Jersey?
Leandro De Niro-Rodriguez, Robert De Niro's grandson, dies at age 19
Authorities hint they know location of Suzanne Morphew's body: She is in a very difficult spot, says prosecutor
Murder probe underway after 6 killed, 1 hurt in South Carolina house fire