Current:Home > ScamsElizabeth Holmes could serve less time behind bars than her 11-year sentence -BrightFutureFinance
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-24 08:13:47
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! (4554)
Related
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Love Island USA’s Kordell and Serena React to His Brother Odell Beckham Jr. “Geeking” Over Their Romance
- Rachel Lindsay’s Ex Bryan Abasolo Details Their “Tough” Fertility Journey
- Man is arrested in the weekend killing of a Detroit-area police officer
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Harris to visit battleground Wisconsin in first rally as Democrats coalesce around her for president
- Simone Biles' husband, Jonathan Owens, will get to watch Olympics team, all-around final
- Beach Volleyball’s Miles Evans Reveals What He Eats in a Day Ahead of Paris Olympics
- Arkansas State Police probe death of woman found after officer
- Toronto Film Festival lineup includes movies from Angelina Jolie, Mike Leigh, more
Ranking
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Mark Carnevale, PGA Tour winner and broadcaster, dies at 64
- US Sen. Bob Menendez of New Jersey is resigning from office following his corruption conviction
- Taylor Swift could make it to quite a few Chiefs games this season. See the list
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Foreign leaders react to Biden's decision not to seek reelection
- Dubai Princess Shares Photo With 2-Month-Old Daughter After Shocking Divorce
- Keegan Bradley names Webb Simpson United States vice captain for 2025 Ryder Cup
Recommendation
Meet first time Grammy nominee Charley Crockett
Russia says its fighter jets intercepted 2 U.S. strategic bombers in the Arctic
Bulls, Blackhawks owners unveil $7 billion plan to transform area around United Center
Biggest questions for all 32 NFL teams: Contract situations, QB conundrums and more
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
It's not just smoking — here's what causes lung cancer
Why Hailey Bieber Chose to Keep Her Pregnancy Private for First 6 Months
Ariana Madix Reveals Every Cosmetic Procedure She's Done to Her Face