Projected release dates are subject to change, depending on an inmate’s behavior and participation in programs, according to the prisons bureau.
Disgraced Theranos CEO Elizabeth Holmes, right, is escorted by prison officials into a federal women’s prison camp on Tuesday, May 30, 2023, in Bryan, Texas. Holmes will spend the next 11 years serving her sentence for overseeing an infamous blood-testing hoax. Theranos founder Elizabeth Holmes has shaved more than four months off her prison sentence, according to the U.S. Bureau of Prisons.
Holmes, 40, was sentenced to 11 years and three months for defrauding investors in her now-defunct Palo Alto blood-testing startup. Sheto be December 29, 2032. As of Monday, her anticipated exit from the minimum-security facility is August 16, 2032, the bureau said. Prison officials said that for privacy, safety and security reasons, they could not say what led to Holmes’ earlier projected release date. But the bureau said in a statement that inmates can cut 54 days off their sentences for each year of their sentences if they meet conduct standards.
Inmates may receive additional time off their prison terms by completing recidivism-reduction and “productive activities” programs. Holmes’ earlier projected release date appeared to have been based on credit of 54 days for each year of her sentence, suggesting the August 2032 date reflects participation in prison programs.Holmes’ downfall from high-flying CEO worth billions of dollars on paper to inmate 24965-111 has drawn world-wide attention. In January 2022, she was convicted by a jury in U.S. District Court in San Jose on. Prosecutors pegged investor losses at more than $878 million.
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Elizabeth Holmes sees more months trimmed from prison release dateErik Ortiz is a senior reporter for NBC News Digital focusing on racial injustice and social inequality.
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