Theranos fraudster Elizabeth Holmes' prison sentence reduced by four additional months

Elizabeth Holmes' federal prison sentence has been reduced for a second time. The disgraced Theranos founder is currently serving a sentence of 11 years and three months at a federal women's prison camp in Bryan, Texas, which was originally commuted to two years and has now been reduced by an additional four months.

said a spokesman for the Bureau of Prisons the guardian that no additional information could be disclosed beyond confirmation of the reduction. When the sentence was first reduced in July 2023, on Dec. 29, 2032, the office said incarcerated people can earn good behavior time that can be used to reduce their projected release date.

Holmes is now scheduled to be released on August 16, 2032. The 40-year-old was sentenced in November 2022, nearly a full year after pleading guilty to lying to investors to raise money for her startup Theranos in January 2022. Holmes filed multiple requests for a new trial, but failed to find it. She began her sentence on May 30, 2023.

Judge Edward J. Davila of the Northern District of California said he believed iHolmes was driven to defraud investors of more than $100 million by a reputation drunk on its promise to revolutionize health care. A jury found that he lied to investors about the company's capabilities in pursuit of money and fame.

Theranos Chief Operating Officer Ramesh “Sunny” Balwani was also convicted and sentenced, serving nearly 13 years behind bars. As part of her defense, Holmes accused Balwani, who was her ex-boyfriend, of abusing her. He was eventually convicted of all 12 counts of fraud for his role at Theranos.