Current:Home > MarketsElizabeth Holmes could serve less time behind bars than her 11-year sentence -WealthSync Hub
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-11 23:42:41
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! (96889)
Related
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Questlove charts 50 years of SNL musical hits (and misses)
- 'We're reborn!' Gazans express joy at returning home to north
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Arkansas State Police probe death of woman found after officer
Ranking
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Travis Hunter, the 2
- Senate begins final push to expand Social Security benefits for millions of people
Recommendation
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
Trump's 'stop
Retirement planning: 3 crucial moves everyone should make before 2025
Intellectuals vs. The Internet
Senate begins final push to expand Social Security benefits for millions of people
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills