Current:Home > ContactElizabeth Holmes could serve less time behind bars than her 11-year sentence -Prime Money Path
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-12 07:47:44
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! (959)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Gwyneth Paltrow’s Daughter Apple Martin Pokes Fun at Her Mom in Rare Footage
- How has your state's abortion law affected your life? Share your story
- Hunger advocates want free school meals for all kids. It's tough sell in Congress
- Sam Taylor
- Canada’s Tar Sands Pipelines Navigate a Tougher Political Landscape
- Second plane carrying migrants lands in Sacramento; officials say Florida was involved
- Alberta’s New Climate Plan: What You Need to Know
- Travis Hunter, the 2
- Peabody Settlement Shows Muscle of Law Now Aimed at Exxon
Ranking
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Maria Menounos Recalls Fearing She Wouldn't Get to Meet Her Baby After Cancer Diagnosis
- EPA Finding on Fracking’s Water Pollution Disputed by Its Own Scientists
- Today’s Climate: June 2, 2010
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Joran van der Sloot, prime suspect in Natalee Holloway case, to be transferred to U.S. custody from Peru this week
- Today’s Climate: May 26, 2010
- Dancing With the Stars' Lindsay Arnold Gives Birth, Welcomes Baby Girl With Sam Cusick
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Atlanta City Council OK's funds for police and firefighter training center critics call Cop City
Paris gets a non-alcoholic wine shop. Will the French drink it?
Selfless by Hyram: Why Women Everywhere Love This Influencer's Skincare Line
What to watch: O Jolie night
Spoiler Alert: A Paul Ryan-Led House Unlikely to Shift on Climate Issues
7 fun facts about sweat
The Michigan supreme court set to decide whether voters see abortion on the ballot