Six weeks in, Holmes projected to get out of prison early for good behavior
Enlarge / Elizabeth Holmes, founder of Theranos Inc., left, arrives at Federal Prison Camp Bryan in Bryan, Texas, US, on Tuesday, May 30, 2023. (credit: Getty | Sergio Flores)
Just six weeks into her 11-year, three-month prison sentence, disgraced biotech entrepreneur Elizabeth Holmes has apparently already behaved well enough to convince the US Bureau of Prisons that she'll likely get out early.
Federal prison records now show that Holmes' projected release date is December 29, 2032. That puts her total stay at the minimum-security women's prison camp in Bryan, Texas, at just 115 months, or a little over 9.5 years. The updated projected release date is not particularly unusual, but given the notoriety of her case, her fate is closely watched.
Last November, US District Judge Edward Davila sentenced Holmes to 135 months in federal prison for four counts of defrauding investors of her infamous and now defunct blood testing start-up, Theranos. Holmes, along with her ex-boyfriend and former Theranos President, Ramesh "Sunny" Balwani, claimed their proprietary technology could perform hundreds of medical tests using just a drop of blood from a finger prick. While their claims and publicity helped drive the company's valuation up to $9 billion in 2014, the technology never actually worked.