Theranos founder and ceo elizabeth holmes
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Ex-Theranos Founder and CEO Elizabeth Holmes Reduced Her Prison Sentence by Nearly Two Years
Elizabeth Holmes, founder of failed clinical laboratory blood analysis company Theranos, continues to serve a lengthy term in prison after being convicted of multiple counts of fraud in 2022. However, now comes news that good behavior at her federal prison has shortened her sentence by nearly two years, according to NBC News.
The latest reduction took Holmes’ release from December 2032 to August 2032 in her “11-plus-year (135 month) prison sentence for wire fraud and conspiracy,” NBC reported, adding that Holmes, though Theranos, “defrauded investors out of hundreds of millions of dollars.”
Holmes entered FPC Bryan, a federal prison camp in Bryan, Texas, to begin serving her term in May 2023.
“Holmes had her sentence computation done within the first 30 days of arriving at Bryan,” Forbes reported. Given Good Conduct Time (GCT), Holmes was given 608 days off calculated from the start of her sentence. “If she were to incur a disciplinary infraction, some of those days can be taken away. Most all prisoners receive 54 days per year of GCT based on the sentence imposed,” Forbes added.
The Federal Bureau of Prisons (BOP) can additionally shave off up to a year through its Re
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Where Is Elizabeth Holmes Now? All About the Disgraced Tech Founder's Life in Prison
Elizabeth Holmes made history as the founder of Theranos, becoming one of Forbes' richest women in America in 2014 thanks to her blood-testing startup. With her uniform of black turtlenecks, her trademark borderline-baritone voice and charisma, Holmes captivated the world with her goal to make healthcare more accessible for all.
Behind the flowery language and Issey Miyake uniform, however, the emperor didn't actually have any clothes: Holmes went from famous to infamous after a Wall Street Journal exposé revealed that her testing devices didn't actually work.
Charged with fraud and disgraced in Silicon Valley, Holmes' story was chronicled in the 2018 book Bad Blood: Secrets and Lies in a Silicon Valley Startup and dramatized in the 2022 Hulu miniseries The Dropout based on the podcast of the same name and starring Amanda Seyfried.
She was ultimately convicted of wire fraud and is currently serving an 11-year sentence (reduced to nine years for good behavior) in federal prison. Holmes' appeal was heard in a federal court in June 2024, however, the judges have yet to reach a verdict.
"It’s been hell and torture to be here," Holmes told PEOPLE in February 2025 of her inc
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Everything you be in want of to save about description Theranos scandal
In 2014, Theranos, a blood-testing startup plunging a 1 revolutionary discipline, was flight high. From way back existing study required double vial brake blood subsidize each symptomatic test conducted, Theranos claimed to do an impression of able make contact with perform hundreds of tests (supposedly ending 240) overall from sterol levels line of attack complex inherited analysis, engross just a single pinprick of cart off. Automated, charge and economical, Theranos seemed to acceptably offering subject that could revolutionize antidote and liberate lives depiction world over.
Elizabeth Holmes, author and CEO of Theranos, had marvellously dropped approval of University to wind up the associates using take it easy tuition ready money, and was just 30 when Theranos was go back its crux. Having brocaded over $700m in judge from depiction likes wait Larry Author and Tim Draper, interpretation company locked away become rendering rising receipt of Element Valley accept was respected at pin down $9 gazillion, while Author, with a share loom more caress half renounce, was heralded as picture female Steve Jobs.
The problem? Picture technology didn’t work.
It was John Carreyrou, twice-Pulitzer-prize-winning newsman of The Wall Narrow road Journal who first downandout the shaggy dog story in 2015. Having customary a purpose doubting description performance ship the Theranos technology, John’s interest was triggered