Current:Home > FinanceElizabeth Holmes could serve less time behind bars than her 11-year sentence -Wealth Navigators Hub
Elizabeth Holmes could serve less time behind bars than her 11-year sentence
View
Date:2025-04-15 07:08:19
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! (96)
Related
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- German police shoot man wielding pick hammer in Hamburg hours before Euro 2024 match, officials say
- Former MLB infielder, coach Mike Brumley dies in car crash at 61
- Woody Harrelson praises Ted Danson for his help with motorcycle accident injury
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- When violence and trauma visit American places, a complex question follows: Demolish, or press on?
- Dozens killed, hundreds injured in shootings nationwide over Father's Day weekend
- Boston Celtics are early betting favorites for 2025 NBA title; odds for every team
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Team USA's Uniforms for the 2024 Olympics Deserve a Gold Medal
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- 11 guns found in home of suspected Michigan splash pad shooter
- NFL Commissioner Roger Goodell defends ‘Sunday Ticket’ package as a premium product
- Lilly King wins spot at Olympic trials. Hardest meet in the world brings heartbreak for many
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- NYU student's roommate stole $50k in designer items, including Chanel purse, lawsuit says
- Former MLB infielder, coach Mike Brumley dies in car crash at 61
- Vermont man sentenced to 25 years in prison for kidnapping woman and son outside of a mall
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Woody Harrelson praises Ted Danson for his help with motorcycle accident injury
Francis Ford Coppola’s ‘Megalopolis’ will hit US theaters in September
Taylor Hill Shares She Suffered Devastating Miscarriage After Getting Pregnant While Having an IUD
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Sheriff says 2 of 9 people wounded in Michigan shooting at splash pad remain in critical condition
Taylor Swift marks 100th show of Eras Tour: 'Feels truly deranged to say'
German police shoot man wielding pick hammer in Hamburg hours before Euro 2024 match, officials say