Current:Home > NewsElizabeth Holmes could serve less time behind bars than her 11-year sentence -ProfitPioneers Hub
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-19 23:10:21
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! (27)
Related
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Hall of Fame Game winners and losers: Mixed messages for Jets as preseason starts
- Failed leaders and pathetic backstabbers are ruining college sports
- Python hunters are flocking to Florida to catch snakes big enough to eat alligators
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Mega Millions jackpot winners can collect anonymously in certain states. Here's where.
- Niger’s junta isn’t backing down, and a regional force prepares to intervene. Here’s what to expect
- Scouting body asks South Korea to cut World Scout Jamboree short amid heat wave
- The White House is cracking down on overdraft fees
- The 29 Most-Loved Back to College Essentials from Amazon With Thousands of 5-Star Reviews
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Taylor Swift hugs Kobe Bryant's daughter Bianka during Eras Tour concert
- Five Americans who have shined for other countries at 2023 World Cup
- Big Ten mascot rankings: 18-team super-conference features some of college's best
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- How two young girls turned this city into the 'Kindness Capital of the Kentucky'
- Federal agency given deadline to explain why deadly Nevada wild horse roundup should continue
- Abortion fight this fall drives early voter surge for Ohio special election next week
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
10 tips for keeping youth sports fun – for parents and kids alike
Taiwanese microchip company agrees to more oversight of its Arizona plant construction
Are you very agreeable? This personality trait may be why you make less money than your peers.
Current, future North Carolina governor’s challenge of power
FAA sets up new process for lower air tour flights in Hawaii after fatal crashes
'Breaking Bad,' 'Better Call Saul' actor Mark Margolis dies at 83
LL COOL J on preparing to embark on his first arena tour in 30 years: I'm going to dig in the crates