Current:Home > ContactElizabeth Holmes could serve less time behind bars than her 11-year sentence -CapitalTrack
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-19 05:15:44
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! (23135)
Related
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Roberto Clemente's sons sued for allegedly selling rights to MLB great's life story to multiple parties
- US Treasury official visits Ukraine to discuss sanctions on Moscow and seizing Russian assets
- Key Republican calls for ‘generational’ increase in defense spending to counter US adversaries
- Tom Holland's New Venture Revealed
- Xi pledges more Gaza aid and talks trade at summit with Arab leaders
- The Latest | 2 soldiers are killed in a West Bank car-ramming attack, Israeli military says
- Chinese national charged with operating 'world’s largest botnet' linked to billions in cybercrimes
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Dangerous weather continues to threaten Texas; forecast puts more states on alert
Ranking
- The company planning a successor to Concorde makes its first supersonic test
- From 'Bring It On' to 'Backspot,' these cheerleader movies are at the top of the pyramid
- From 'Bring It On' to 'Backspot,' these cheerleader movies are at the top of the pyramid
- NATO allies brace for possible Trump 2024 victory
- Travis Hunter, the 2
- An Iceland volcano spews red streams of lava toward an evacuated town
- Poland’s leader says the border with Belarus will be further fortified after a soldier is stabbed
- Germany scraps a COVID-19 vaccination requirement for military servicepeople
Recommendation
Rylee Arnold Shares a Long
Spain, Ireland and Norway recognized a Palestinian state. Here's why it matters.
Dangerous weather continues to threaten Texas; forecast puts more states on alert
Truckers suing to block New York’s congestion fee for Manhattan drivers
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
France’s Macron urges a green light for Ukraine to strike targets inside Russia with Western weapons
Golden Goose sneakers look used. The company could be worth $3 billion.
Nicole Brown Simpson's Sisters Share Rare Update on Her and O.J. Simpson's Kids