Current:Home > FinanceElizabeth Holmes could serve less time behind bars than her 11-year sentence -StockSource
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-25 19:09:04
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! (868)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- NASCAR Daytona live updates: Highlights, results from Saturday night's Cup race
- Inside the Villa: Love Island USA Stars Reveal What Viewers Don’t See on TV
- Are convention viewing numbers a hint about who will win the election? Don’t bet on it
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- No. 10 Florida State started season with playoff hopes but got exposed by Georgia Tech
- NASA decision against using a Boeing capsule to bring astronauts back adds to company’s problems
- Rumer Willis Shares Update on Dad Bruce Willis Amid Health Battle
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Georgia sheriff’s deputy dies days after being shot while serving a search warrant
Ranking
- Could your smelly farts help science?
- TikTok Organization Pro Emilie Kiser’s Top Tips & Must-Have Products for a Clean, Organized Life
- Georgia lawmakers say the top solution to jail problems is for officials to work together
- The price of gold hit a record high this week. Is your gold bar worth $1 million?
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Horoscopes Today, August 23, 2024
- Jannik Sinner parts way with team members ahead of US Open after positive doping tests
- A rare orchid survives on a few tracts of prairie. Researchers want to learn its secrets
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Head of Louisiana’s prison system resigns, ending 16-year tenure
Music Review: Sabrina Carpenter’s ‘Short n’ Sweet’ is flirty, fun and wholly unserious
Rare wild cat spotted in Vermont for the first time in six years: Watch video
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Judge reduces charges against former cops in Louisville raid that killed Breonna Taylor
Kourtney Kardashian Twins With Baby Rocky Barker in Matchy Matchy Outfits
Dennis Quaid doesn't think a 'Parent Trap' revival is possible without Natasha Richardson