Disgraced Theranos co-founder Elizabeth Holmes’ prison sentence has been reduced by two years, according to the Bureau of Prisons records. Holmes was sentenced to 11 years and three months in prison for defrauding investors by claiming her blood-testing company provided quick and reliable results but she was found to have lied about the reliability of those tests.
Holmes surrendered to the Bureau of Prisons in California on May 30 to serve out her sentence at a minimum-security all-female federal prison camp in Bryan, Texas. Less than two months after she reported to prison, her sentence was quietly changed, with her new release date scheduled for December 29, 2032, the Bureau’s site says. The Bureau has not provided additional information for why Holmes’ projected release date was shortened, but its site says an inmate’s good behavior, substance abuse program completion, and time credits they receive for activities and programs they’ve completed can result in a lessened sentence.
Only last month, Theranos’ former president and chief operating officer Ramesh “Sunny” Balwani’s 13-year sentence was likewise reduced by two years, making his new projected release date April 11, 2034.
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Holmes’s reduced sentence appears to be the latest in a string of leniencies granted to her by the court system including being allowed to remain at her California estate while she appealed her prison sentence, rather than waiting behind bars.
Theranos collapsed in 2018 after an explosive investigative piece by the Wall Street Journal revealed that Holmes had made false claims that the blood-testing technology was accurate.
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Source: Elizabeth Holmes’ Prison Sentence Quietly Reduced by Two Years
That this scumbag can be released at all is incredible.
Robin Edgar
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