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Elizabeth Holmes—Theranos Fraudster And Ex-Billionaire—Gets Two Years Cut From Off Prison Sentence

Holmes' release date is listed as December 29, 2032, according to Bureau of Prisons data.

Following her conviction on four counts of fraud and conspiracy charges connected to the blood-testing firm, Holmes received an 11 years and three months jail sentence in 2017.

On May 30, 2023, Holmes reported to a minimum-security women's prison in Byran, Texas. Based on the updated release date, it appears that Holmes will serve about nine years and seven months in jail.

It's unclear why Holmes' release date was moved forward to two years earlier than anticipated.


In order to protect the "privacy, safety, and security" of inmates, the Bureau of Prisons informed The Guardian that the new release date had been set.

Precise release dates can be difficult to predict and depend on a variety of factors, according to the agency. These include things like good behavior, disciplinary issues, finishing drug rehabilitation programs, and credit for time served in jail.

In order to acquire money for her blood-testing business, Theranos, Holmes lied to investors. A jury found her guilty on three counts of wire fraud and one count of conspiracy to commit wire fraud. Holmes asserted that the business has created technology that would allow a single drop of blood to be used to run a variety of medical tests. The promise of revolutionizing medicine drew a host of notable investors and board members, including billionaires Rupert Murdoch and Larry Ellison and former secretaries of state George Shultz and Henry Kissinger, and propelled the company's worth to $9 billion. In addition to using equipment from other companies to conduct blood tests, it was discovered that the company had misled about the types, quantities, and accuracy of the tests it was capable of performing. Ramesh "Sunny" Balwani, once the chief operating officer of Theranos and Holmes' ex-boyfriend, was also found guilty of fraud and conspiracy and given a sentence of nearly 13 years in prison. The company went bankrupt. Balwani's sentence was recently shortened by two years as well.


Daniel Jack

For Daniel, journalism is a way of life. He lives and breathes art and anything even remotely related to it. Politics, Cinema, books, music, fashion are a part of his lifestyle.