Theranos founder Elizabeth Holmes has had nearly three years knocked off her prison sentence

• Theranos founder Elizabeth Holmes was sentenced to more than 11 years in prison for defrauding investors.

• Prison records show the former CEO’s sentence was reduced by almost three years.

• Holmes’ projected prison release date is currently December 30, 2031.

Founder of the infamous Theranos Elizabeth Holmes His prison sentence for defrauding investors in a botched blood test attempt was reduced by nearly three years, Business Insider has learned.

Holmes reported to cushy minimum security Women’s prison camp in Texas On May 30, 2023, after the former CEO was sentenced to 11 years and three months in prison in 2022.

Now the Federal Bureau of Prisons’ online records show Holmes’ estimated release date is December 30, 2031. This means that if nothing changes, Holmes will be released two years and eight months early.

Holmes’ lawyers and the BOP did not immediately respond to Business Insider’s request for comment.

A BOP spokesperson previously told Business Insider that release dates were calculated taking into account the anticipated “good conduct period.” According to the BOP, qualified inmates are entitled to 54 days of good behavior time for each year of their sentence.

In January 2022, after a trial of approximately four months, Holmes was convicted Four federal conspiracy and wire fraud charges in connection with a scheme to deceive investors Theranos out of hundreds of millions.

Holmes has repeatedly claimed that the now-defunct Silicon Valley biotech startup, once valued at $9 billion, had developed a revolutionary blood analyzer that could test for hundreds of diseases and conditions using just a few drops of blood taken from a finger.

Earlier this year, a US appeals court upheld Holmes’ conviction, as well as the fraud conviction of her ex-boyfriend and former head of Theranos. Ramesh “Sunny” Balwani.

BOP records show that Balwani, who was sentenced to nearly 13 years in prison, also had his sentence reduced by almost three years. According to these records, the estimated release date of Balwani is currently April 21, 2033.

His lawyer did not immediately respond to a request for comment.

While Balwani is incarcerated in a minimum-security prison camp in California, Holmes spends his time at Federal Prison Camp Bryan, about 100 miles from Houston, where he grew up. Ghislaine Maxwell and former “Real Housewives” star Jen Shah.

Holmes told People magazine in his first interview behind bars earlier this year: prison routine It involves waking up just after 5 a.m., eating fruit for breakfast, and exercising for 40 minutes.

“I never really thought I would be convicted or found guilty,” he told the magazine at the time. “I refused to accept guilt for crimes I did not commit. Theranos failed. But failure is not fraud.”

Theranos’ public collapse The process began in 2015, when an investigation by the Wall Street Journal revealed that the company was using third-party blood testing machines because its own could not provide accurate results.

Meanwhile, Holmes’s X account has been constantly posting sometimes encrypted messages in recent months.

“I never left. Just silenced,” it read in August to mail.

It is not clear who is behind the account.

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