Current:Home > MyElizabeth Holmes could serve less time behind bars than her 11-year sentence -Horizon Finance Path
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-25 04:58:38
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! (7413)
Related
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Oklahoma City-area hit by 4.1-magnitude earthquake Saturday, one of several in Oklahoma
- Prada reconnects with the seasons for its 2024-25 fall-winter menswear collection
- In Iowa, GOP presidential candidates concerned about impact of freezing temperatures on caucus turnout
- Buckingham Palace staff under investigation for 'bar brawl'
- Florida's immigration law brings significant unintended consequences, critics say
- Tom Shales, longtime TV critic, dies at 79
- A royal first: Australia celebrates Princess Mary’s historic rise to be queen consort in Denmark
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Taylor Swift rocks custom Travis Kelce jacket made by Kristin Juszczyk, wife of 49ers standout
Ranking
- This was the average Social Security benefit in 2004, and here's what it is now
- Soldiers patrol streets in Ecuador as government and cartels declare war on each other
- Explosive device kills 5 Pakistani soldiers in country’s southwest
- Tennis balls are causing arm injuries, top players say. Now, a review is underway
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Mia Goth sued by 'MaXXXine' background actor for battery, accused of kicking his head: Reports
- Abdication in our age: a look at royals who have retired in recent years
- Ceiling in 15th century convent collapses in Italy during wedding reception, injuring 30 people
Recommendation
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
U.S. launches another strike on Houthi rebels in Yemen
Mia Goth sued by 'MaXXXine' background actor for battery, accused of kicking his head: Reports
As the auto industry pivots to EVs, product tester Consumer Reports learns to adjust
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Current best practices for resume writing
Defending champ Novak Djokovic fends off Dino Prizmic to advance at Australian Open
Two Navy SEALs are missing after Thursday night mission off coast of Somalia