Theranos Inc. founder Elizabeth Holmes arrives at the federal court in San Jose, California, on March 17, 2023.
Benjamin Fanjoy | Bloomberg | Getty Images
Silicon Valley CEO jailed elizabeth holmes It took several months less than the initial time More than 11 years in prison Federal records show the charges involve wire fraud and conspiracy and will be released two years earlier than expected.
Holmes, 40, is currently due to be released from the women’s federal prison in Bryan, Texas, on August 16, 2032, according to the Bureau of Prisons.Last July, she expected Release date listed As of December 29, 2032.
The disgraced founder of failed blood testing startup Theranos was jailed in May 2023 after being sentenced to prison. 135 months in prison Defrauded investors of hundreds of millions of dollars.
While the BOP declined to comment specifically on Holmes’ condition for privacy and security reasons, the agency said in a statement that “the expected release date is calculated taking into account several factors for the inmate.” Those who qualify are eligible for “good behavior time” and can receive up to 54 days per year of sentence imposed by the court. In addition, prisoners can reduce their sentence by earning time points, which are accumulated after completing certain tasks. Prisons and work programspart of the federal government’s efforts to reduce recidivism and ease pressure on prison populations.
Time credits will be awarded over a 30-day period for projects related to anger management, mental health, financial literacy and other topics designed to address behavioral issues and instill personal skills. Once the points are calculated and determined to equal the remainder of the sentence, the inmate can be transferred from prison to a “pre-release detention facility,” such as a halfway house or home confinement. Some people may also be eligible for supervised release such as probation.
Supporters of the Trump-era law say they believe it could lessen particularly harsh sentences for nonviolent drug offenders and reduce racial disparities in the criminal justice system that affect people of color, despite calculations Time credits under review Last few years.
Holmes is being held at FPC Bryan, a minimum security prison camp. Former “Real Housewives of Salt Lake City” star Jen Shah is serving in the military She was convicted of federal wire fraud for telemarketing fraud.
Holmes’ attorney did not respond to a request for comment on her prison sentence.
Along with Holmes, Theranos Chief Operating Officer Ramesh “Sunny” Balwani was convicted in a separate trial for his role in the Theranos fraud. Sentenced to nearly 13 years in prison in December 2022 In prison.
He is currently scheduled to be released from a federal prison in Southern California on November 22, 2032, which will be two years early Better than expected. His attorney declined to comment on his jail time.
Meanwhile, a federal appeals court in San Francisco is scheduled to hear oral arguments in Holmes’ appeal on June 11. According to the court calendar. Balwani was also supposed to have his appeal heard then.
After giving birth to her second child in early 2023, Holmes attempted to post bail while Appeal against her convictionbut the judge rejected the request.
Theranos, which said its technology could detect users’ health data through a finger prick of blood, became emblematic of the startups that lured investors with false promises in the early 2000s. Holmes dropped out of Stanford University to become a sensation in Silicon Valley and became the subject of Science magazine. Investigative reports and TV series Trying to examine her dramatic story.
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