Current:Home > reviewsElizabeth Holmes could serve less time behind bars than her 11-year sentence -InvestPro
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-11 22:37:49
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! (3145)
Related
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Solar panels will cut water loss from canals in Gila River Indian Community
- 60 years after JFK’s death, today’s Kennedys choose other paths to public service
- 'Napoleon' movie review: Joaquin Phoenix leads the charge in Ridley Scott's erratic epic
- See you latte: Starbucks plans to cut 30% of its menu
- NBA power rankings: Sacramento Kings rolling with six straight wins, climbing in West
- Becky G Reunites With Sebastian Lletget 7 Months After His Cheating Rumors
- Boat crammed with Rohingya refugees, including women and children, sent back to sea in Indonesia
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Massachusetts to let homeless families stay overnight in state’s transportation building
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Massachusetts forms new state police unit to help combat hate crimes
- Zach Wilson 'tackled' by Robert Saleh before being benched by Jets head coach
- Taylor Swift, Drake tie for the most Billboard Music Awards in history of the show
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Why Taylor Swift Is Missing the Chiefs vs. Eagles Game
- Missing Florida woman Shakeira Rucker found dead in estranged husband's storage unit
- Honda, BMW, and Subaru among 528,000 vehicles recalled: Check car recalls here
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
2 children struck and killed as they walked to Maryland elementary school
Boston Bruins forward Lucic to be arraigned on assault charge after wife called police to their home
After trying to buck trend, newspaper founded with Ralph Nader’s succumbs to financial woes
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Taylor Swift postpones Rio de Janeiro show due to extreme weather following fan's death
3 teen girls plead guilty, get 20 years in carjacking, dragging death of 73-year-old woman
Napoleon's bicorne hat sold at auction for a history-making price