Current:Home > MarketsElizabeth Holmes could serve less time behind bars than her 11-year sentence -TrueNorth Capital Hub
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-17 18:30:35
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! (6483)
Related
- Former Syrian official arrested in California who oversaw prison charged with torture
- 5 dead after truck carrying ammonia overturns
- California’s new mental health court rolls out to high expectations and uncertainty
- Deaf couple who made history scaling Everest aims to inspire others
- Arkansas State Police probe death of woman found after officer
- Las Vegas Raiders release DE Chandler Jones one day after arrest
- Steelers QB Kenny Pickett suffers knee injury vs. Texans, knocked out of blowout loss
- Germany police launch probe as video appears to show Oktoberfest celebrants giving Nazi Heil Hitler salute
- Retirement planning: 3 crucial moves everyone should make before 2025
- It's one of the world's toughest anti-smoking laws. The Māori see a major flaw
Ranking
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Azerbaijan issues warrant for former separatist leader as UN mission arrives in Nagorno-Karabakh
- A populist ex-premier who opposes support for Ukraine leads his leftist party to victory in Slovakia
- Horoscopes Today, September 30, 2023
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Taylor Swift at MetLife Stadium to watch Travis Kelce’s Chiefs take on the Jets
- Africa at a crossroads as more democracies fall to military coups, experts say
- The UK defense secretary suggests British training of Ukrainian soldiers could move into Ukraine
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Illinois semi-truck crash causes 5 fatalities and an ammonia leak evacuation for residents
The UK defense secretary suggests British training of Ukrainian soldiers could move into Ukraine
It's one of the world's toughest anti-smoking laws. The Māori see a major flaw
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
The Taylor Swift-Travis Kelce romance is fake. You know it is. So what? Let's enjoy it.
Airbnb guest who rented a room tied up, robbed Georgia homeowner at gunpoint, police say
New York City works to dry out after severe flooding: Outside was like a lake