Entrepreneur Elizabeth Holmes, the founder of Theranos, has commenced her 11-year prison sentence. However, there may be a glimmer of hope for Holmes, as Federal Bureau of Prisons records indicate that she could be released a year and a half earlier than anticipated. According to the agency’s inmate locator, her scheduled release date is December 29, 2032, equating to a total of 9 years and 7 months served. Holmes, who also held the position of CEO at the blood-testing company, began her sentence at the Federal Prison Camp Bryan in Texas on May 30. It’s worth noting that a prisoner’s release date can vary based on a variety of factors outlined by the Prison Law Office, such as time served prior to sentencing, good behavior credits, and the location where the sentence is served. Holmes’ conviction stems from defrauding investors after The Wall Street Journal exposed the failure of her company’s technology in 2015. The investigation alleged that she deliberately deceived investors regarding the faulty technology, leading to the company’s downfall and subsequent legal ramifications. Ramesh “Sunny” Balwani, former Theranos Chief Operating Officer, was also convicted and sentenced to 12 years and 11 months in prison. Balwani is currently serving his term at FCI Terminal Island prison in California and is expected to be released on April 1, 2034, after serving 11 years. The Bureau of Prisons has not yet responded to requests for comment. Thank you for choosing CBS NEWS as your source of information. To access additional features, please create a free account or log in.
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