Current:Home > StocksElizabeth Holmes could serve less time behind bars than her 11-year sentence -Wealth Legacy Solutions
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
Poinbank Exchange View
Date:2025-03-12 02:47:32
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! (74945)
Related
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- USA TODAY Sports Network's Big Ten football preseason media poll
- Lainey Wilson accidentally splits pants during tour
- How Benny Blanco Celebrated Hottest Chick Selena Gomez on 32nd Birthday
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Carpenter bees sting, but here’s why you’ll want them to keep buzzing around your garden
- Love Island USA’s Kordell and Serena React to His Brother Odell Beckham Jr. “Geeking” Over Their Romance
- Keanu Reeves explains why it's good that he's 'thinking about death all the time'
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Will Sha'carri Richardson run in the Olympics? What to know about star at Paris Games
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- The facts about Kamala Harris' role on immigration in the Biden administration
- Silicon Valley-backed voter plan for a new California city won’t be on the November ballot after all
- Man convicted of kidnapping Michigan store manager to steal guns gets 15 years in prison
- This was the average Social Security benefit in 2004, and here's what it is now
- The Bear Fans Spot Season 3 Editing Error About Richie's Marriage
- Here's what investors are saying about Biden dropping out — and what it means for your 401(k)
- New Federal Grants Could Slash U.S. Climate Emissions by Nearly 1 Billion Metric Tons Through 2050
Recommendation
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Oscar Mayer Wienermobile in rollover wreck in Illinois, no injuries reported
Search called off for small airplane that went missing in fog and rain over southeast Alaska
To Help Stop Malaria’s Spread, CDC Researchers Create a Test to Find a Mosquito That Is Flourishing Thanks to Climate Change
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Missing Arizona woman and her alleged stalker found dead in car: 'He scared her'
Kandi Burruss’ Must-Haves for Busy People Include These Hand Soap Sheets You Won’t Leave Home Without
Here's what investors are saying about Biden dropping out — and what it means for your 401(k)