Current:Home > MarketsElizabeth Holmes could serve less time behind bars than her 11-year sentence -AssetFocus
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-14 21:50:05
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! (92653)
Related
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Inside Clean Energy: Clean Energy Wins Big in Covid-19 Legislation
- How to score better savings account interest rates
- A Triple Whammy Has Left Many Inner-City Neighborhoods Highly Vulnerable to Soaring Temperatures
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Soft Corals Are Dying Around Jeju Island, a Biosphere Reserve That’s Home to a South Korean Navy Base
- The economic war against Russia, a year later
- Maluma Is Officially a Silver Fox With New Salt and Pepper Hairstyle
- A South Texas lawmaker’s 15
- Without ‘Transformative Adaptation’ Climate Change May Threaten the Survival of Millions of Small Scale Farmers
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Florida community hopping with dozens of rabbits in need of rescue
- Thousands Came to Minnesota to Protest New Construction on the Line 3 Pipeline. Hundreds Left in Handcuffs but More Vowed to Fight on.
- Kiss Dry, Chapped Lips Goodbye With This Hydrating Lip Mask That Serayah Swears By
- North Carolina justices rule for restaurants in COVID
- Robert F. Kennedy Jr. condemned over false claims that COVID-19 was ethnically targeted
- 7.2-magnitude earthquake recorded in Alaska, triggering brief tsunami warning
- Inside Clean Energy: Not a Great Election Year for Renewable Energy, but There’s Reason for Optimism
Recommendation
Tom Holland's New Venture Revealed
House Democrats plan to force vote on censuring Rep. George Santos
Is the Controlled Shrinking of Economies a Better Bet to Slow Climate Change Than Unproven Technologies?
Are you caught in the millennial vs. boomer housing competition? Tell us about it
Senate begins final push to expand Social Security benefits for millions of people
The Home Depot says it is spending $1 billion to raise its starting wage to $15
Titanic Submersible Passenger Shahzada Dawood Survived Horrifying Plane Incident 5 Years Ago With Wife
The ripple effects of Russia's war in Ukraine continue to change the world