Imprisoned Silicon Valley CEO Elizabeth Holmes has shaved more months from her initial 11-year-plus sentence for wire fraud and conspiracy, and is due to be released two years earlier than expected.
The disgraced founder of failed blood-testing startup Theranos entered a US prison in May 2023 after being handed a 135-month prison sentence for defrauding investors out of hundreds of millions of dollars.
According to the Bureau of Prisons (BOP), Holmes has a current release date of 16 August 2032 from a women’s federal prison in Texas.
Last July, her expected release date was listed as 29 December 2032, reports CNBC.
While the BOP declined to comment specifically about her status, it said that “projected release dates are calculated with several factors in mind”.
Inmates are eligible for “good conduct time”, and those who qualify can earn up to 54 days for each year of sentence imposed by the court.
Prisoners can also slice time off their sentences by earning time credits that accrue when they complete certain prison and work programmes, part of the government’s way of reducing recidivism and easing the prison population.
CNBC article – Elizabeth Holmes sees more months trimmed from prison release date (Open access)
See more from MedicalBrief archives:
Two years sliced off Theranos fraudster’s prison term
Prison for Theranos founder, who must pay back millions
Theranos fraudster pleads for leniency as 11-year sentence looms
Theranos: A cautionary tale on how not to commercialise medical advances
Theranos’ Balwani jailed for 13 years over blood-testing hoax