Wow, it pays to have good lawyers
Elizabeth Holmes, the disgraced former chief executive of the blood-testing company Theranos, has had her federal prison sentence shortened again, new records show.
The 40-year-old Holmes is now scheduled for release on 16 August 2032 from a federal women’s prison camp in Bryan, Texas, according to the US Bureau of Prisons website.
Holmes’s sentence was reduced by more than four months, as her previous release date was set for 29 December 2032.
This is the second time that Holmes has had her sentence shortened. In July, was reduced by two years.
People incarcerated in the US can have their sentences shortened for good conduct and for completing rehabilitation programs, such as a substance abuse program.
The latest reduction of Holmes’s sentence still meets federal sentencing guidelines. Those guidelines mandate that people convicted of federal offenses must serve at least 85% of their sentence, regardless of reductions for good behavior.
In 2022, Holmes was sentenced to 11 years and three months in prison after being convicted on four counts of defrauding investors.
Holmes’s lawyers have already begun attempts to get her conviction overturned. Oral arguments for her appeal are set to begin on 11 June in a federal appeals court in San Francisco, California
Elizabeth Holmes, the disgraced former chief executive of the blood-testing company Theranos, has had her federal prison sentence shortened again, new records show.
The 40-year-old Holmes is now scheduled for release on 16 August 2032 from a federal women’s prison camp in Bryan, Texas, according to the US Bureau of Prisons website.
Holmes’s sentence was reduced by more than four months, as her previous release date was set for 29 December 2032.
This is the second time that Holmes has had her sentence shortened. In July, was reduced by two years.
People incarcerated in the US can have their sentences shortened for good conduct and for completing rehabilitation programs, such as a substance abuse program.
The latest reduction of Holmes’s sentence still meets federal sentencing guidelines. Those guidelines mandate that people convicted of federal offenses must serve at least 85% of their sentence, regardless of reductions for good behavior.
In 2022, Holmes was sentenced to 11 years and three months in prison after being convicted on four counts of defrauding investors.
Holmes’s lawyers have already begun attempts to get her conviction overturned. Oral arguments for her appeal are set to begin on 11 June in a federal appeals court in San Francisco, California
