Current:Home > MarketsElizabeth Holmes could serve less time behind bars than her 11-year sentence -FundTrack
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-11 23:12:55
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! (3643)
Related
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- 'I'm barely getting by': Why these voters say the economy is their top issue in 2024
- Meta will charge for ad-free versions of Facebook, Instagram in Europe after privacy ruling
- Man charged with killing Tupac Shakur in Vegas faces murder arraignment without hiring an attorney
- Military service academies see drop in reported sexual assaults after alarming surge
- 'Mean Girls' stars Lindsay Lohan, Amanda Seyfried and Lacey Chabert reunite in Walmart ad
- Chiefs TE Travis Kelce still smarting over upset loss to Broncos: 'That's embarrassing'
- Montana’s psychiatric hospital is poorly run and neglect has hastened patient deaths, lawsuit says
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- House weighs censure efforts against Rashida Tlaib and Marjorie Taylor Greene over their rhetoric
Ranking
- Tom Holland's New Venture Revealed
- Cornell student accused of threatening Jewish students held without bail after first court appearance
- Trooper accused of withholding body-camera video agrees to testify in deadly arrest of Black driver
- Cleanup is done on a big Kansas oil spill on the Keystone system, the company and EPA say
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- See the Photo of Sophie Turner and Aristocrat Peregrine Pearson's Paris PDA
- Yes, they've already picked the Rockefeller Center's giant Christmas tree for 2023
- Former Delta co-pilot indicted for threatening to shoot captain during commercial flight, officials say
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Georgia Tech scientist sentenced to nearly 6 years for defrauding university, CIA
Railroad automatic braking system needs improvement to prevent more derailments, safety board says
Air ambulance crash kills 4 crew members in central Mexico
Trump wants to turn the clock on daylight saving time
Geaux Rocket Ride is second horse based at Santa Anita to die in lead up to Breeders' Cup
Eminem's Daughter Hailie Jade Shares Rare Insight Into Bond With Sibling Stevie
U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job market