Current:Home > ScamsElizabeth Holmes could serve less time behind bars than her 11-year sentence -Insightful Finance Hub
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-18 10:46:30
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! (51764)
Related
- Arkansas State Police probe death of woman found after officer
- Panel says New York, Maryland and maybe California could offer internet gambling soon
- Sister Wives Stars Janelle and Kody Brown's Son Garrison Dead at 25
- Another inmate found dead at troubled Wisconsin prison
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Cheesemaker pleads guilty in connection to a listeria outbreak that killed 2, sickened 8
- Hailey Bieber Slams Rumors Made Out of Thin Air
- France enshrines women's constitutional right to an abortion in a global first
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Mega Millions lottery jackpot nearing $700 million: What to know about the next drawing
Ranking
- Trump's 'stop
- EAGLEEYE COIN: What happens when AI and cryptocurrency meet?
- Could the Arctic be ice-free within a decade? What the latest science says
- Torrential snow storm leaves Northern California covered in powder: See the top photos
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- 2 women killed, man injured in shooting at Vegas convenience store; suspect flees on bicycle
- 'Love is Blind' season finale recap: Which couples heard wedding bells?
- Garrison Brown, son of 'Sister Wives' stars Janelle and Kody Brown, dies at 25
Recommendation
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
Guns, ammo and broken knife parts were found in the home where an Amish woman was slain, police said
Georgia House advances budget with pay raises for teachers and state workers
Another inmate found dead at troubled Wisconsin prison
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Nick Swardson escorted off stage during standup show, blames drinking and edibles
Oscar nods honor 'Oppenheimer,' but what about Americans still suffering from nuke tests?
Sydney Sweeney Proves Her Fashion Rules Are Unwritten With Hair Transformation and Underwear Look