Current:Home > ContactElizabeth Holmes could serve less time behind bars than her 11-year sentence -InfinityFinance
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-14 12:37:43
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! (48)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Today’s Climate: August 31, 2010
- This Top-Rated $9 Lipstick Looks Like a Lip Gloss and Lasts Through Eating, Drinking, and Kissing
- Today’s Climate: September 14, 2010
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Apple iPad Flash Deal: Save $258 on a Product Bundle With Accessories
- Thousands of Jobs Riding on Extension of Clean Energy Cash Grant Program
- Report Offers Roadmap to Cleaner Biofuels from Non-Food Sources
- Travis Hunter, the 2
- Editors' pick: 8 great global stories from 2022 you might have missed
Ranking
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Today’s Climate: September 13, 2010
- Demi Lovato Recalls Feeling So Relieved After Receiving Bipolar Diagnosis
- How Tom Brady Honored Exes Gisele Bündchen and Bridget Moynahan on Mother's Day 2023
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- South Africa Unveils Plans for “World’s Biggest” Solar Power Plant
- Blac Chyna Reflects on Her Past Crazy Face Months After Removing Fillers
- What's an arraignment? Here's what to expect at Trump's initial court appearance in classified documents case
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
U.S. Navy Tests Boat Powered by Algae
Brothers Forever: The Making of Paul Walker and Vin Diesel's Fast Friendship
Matty Healy Resurfaces on Taylor Swift's Era Tour Amid Romance Rumors
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Greater exercise activity is tied to less severe COVID-19 outcomes, a study shows
Colorado Anti-Fracking Activists Fall Short in Ballot Efforts
EPA Agrees Its Emissions Estimates From Flaring May Be Flawed