Current:Home > StocksElizabeth Holmes could serve less time behind bars than her 11-year sentence -FundSphere
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-28 00:02:22
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! (12)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Modest Swimwear Picks for the Family Vacay That You'll Actually Want to Wear
- What Has Trump Done to Alaska? Not as Much as He Wanted To
- An Oil Giant’s Wall Street Fall: The World is Sending the Industry Signals, but is Exxon Listening?
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Q&A: Why Women Leading the Climate Movement are Underappreciated and Sometimes Invisible
- Biden signs a bill to fight expensive prison phone call costs
- Chrissy Teigen Slams Critic Over Comments About Her Appearance
- The Daily Money: Spending more on holiday travel?
- A Black 'Wall Street Journal' reporter was detained while working outside a bank
Ranking
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Warming Trends: What Happens Once We Stop Shopping, Nano-Devices That Turn Waste Heat into Power and How Your Netflix Consumption Warms the Planet
- How Olivia Wilde Is Subtly Supporting Harry Styles 7 Months After Breakup
- Get a $120 Barefoot Dreams Blanket for $30 Before It Sells Out, Again
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- NYC could lose 10,000 Airbnb listings because of new short-term rental regulations
- Protests Target a ‘Carbon Bomb’ Linking Two Major Pipelines Outside Boston
- Hugh Hefner’s Son Marston Hefner Says His Wife Anna Isn’t a Big Fan of His OnlyFans
Recommendation
Where will Elmo go? HBO moves away from 'Sesame Street'
BP and Shell Write-Off Billions in Assets, Citing Covid-19 and Climate Change
Are you being tricked into working harder? (Indicator favorite)
Medicare says it will pay for the Alzheimer's medication Leqembi. Here's how it works.
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Shannen Doherty Recalls “Overwhelming” Fear Before Surgery to Remove Tumor in Her Head
Groups Urge the EPA to Do Its Duty: Regulate Factory Farm Emissions
Activists Call for Delay to UN Climate Summit, Blaming UK for Vaccine Delays