It’s not clear why Holmes’ release date was changed and the fraudster is now due to be released at the end of 2032.
Disgraced Theranos founder Elizabeth Holmes appears to have quietly shaved two years off her prison sentence for defrauding investors, prison
show, following a similar sentence reduction for co-conspirator Ramesh “Sunny” Balwani and just weeks after she claimed she cannot afford to make restitution payments for victims of the failed blood-testing startup.Bureau of Prisons records lists Holmes’ release date as December 29, 2032.to 11 years and three months in prison last year after she was found guilty on four counts of fraud and conspiracy charges related to the blood-testing startup.
Holmes reported to a minimum-security women’s prison in Byran, Texas, on May 30, 2023 and the revised release date suggests she will serve roughly nine years and seven months in prison. It’s not clear why Holmes’ release date has been brought forward to two years earlier than initially expected.but would not comment further for reasons of inmate “privacy, safety, and security.”
Calculating precise release dates can be tricky and depends on a wide array of issues and the agency said it can be influenced by factors like good behavior, disciplinary concerns, the completion of substance abuse programs and jail-time credit.Holmes of three counts of wire fraud and one count of conspiracy to commit wire fraud by lying to investors to raise money for her blood-testing company, Theranos.
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