Current:Home > ScamsElizabeth Holmes could serve less time behind bars than her 11-year sentence -Edge Finance Strategies
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-21 22:00:33
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! (23)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Big Agriculture and the Farm Bureau Help Lead a Charge Against SEC Rules Aimed at Corporate Climate Transparency
- Researchers Say Science Skewed by Racism is Increasing the Threat of Global Warming to People of Color
- A Climate-Driven Decline of Tiny Dryland Lichens Could Have Big Global Impacts
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- The New US Climate Law Will Reduce Carbon Emissions and Make Electricity Less Expensive, Economists Say
- 2 youths were killed in the latest fire blamed on an e-bike in New York City
- Frustrated airline travelers contend with summer season of flight disruptions
- Meet first time Grammy nominee Charley Crockett
- Texas’ Wildfire Risks, Amplified by Climate Change, Are Second Only to California’s
Ranking
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Bill Gates on next-generation nuclear power technology
- Body believed to be of missing 2-year-old girl found in Philadelphia river
- The New US Climate Law Will Reduce Carbon Emissions and Make Electricity Less Expensive, Economists Say
- Could your smelly farts help science?
- A regional sports network bankruptcy means some baseball fans may not see games on TV
- Banks are spooked and getting stingy about loans – and small businesses are suffering
- Lime Crime Temporary Hair Dye & Makeup Can Make It Your Hottest Summer Yet
Recommendation
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Jaden Smith Says Mom Jada Pinkett Smith Introduced Him to Psychedelics
Sabrina Carpenter Has the Best Response to Balloon Mishap During Her Concert
Warming Trends: Smelly Beaches in Florida Deterred Tourists, Plus the Dearth of Climate Change in Pop Culture and Threats to the Colorado River
What to watch: O Jolie night
Proof Pregnant Kourtney Kardashian and Travis Barker Already Chose Their Baby Boy’s Name
Taylor Swift, Keke Palmer, Austin Butler and More Invited to Join the Oscars’ Prestigious Academy
Get a Mess-Free Tan and Save $21 on the Isle of Paradise Glow Clear Self-Tanning Mousse