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Disgraced Theranos founder Elizabeth Holmes has had roughly three years shaved off her prison sentence for defrauding investors in her failed blood-testing startup, Business Insider has learned.Holmes reported to a cushy minimum-security women's prison camp in Texas on May 30, 2023, after the former CEO was sentenced in 2022 to 11 years and three months behind bars.
Now online records from the Federal Bureau of Prisons show Holmes' projected release date to be December 30, 2031. That means if nothing changes, Holmes would be set free two years and eight months early.Attorneys for Holmes did not immediately respond to a request for comment from Business Insider, nor did the BOP.A BOP spokesperson has previously told Business Insider that release dates are calculated by considering projected "good conduct time." Qualified inmates are eligible to earn 54 days of good conduct time for each year of their sentence, according to the BOP.In January 2022, following a nearly four-month trial, Holmes was convicted of four federal counts of conspiracy and wire fraud in connection with a scheme to dupe investors in Theranos out of hundreds of millions.Holmes had repeatedly claimed that her now-defunct Silicon Valley biotech startup, once valued at $9 billion, had developed a revolutionary blood analyzer capable of testing for hundreds of diseases and conditions using only a few drops of blood from a finger.Earlier this year, a US appeals court upheld Holmes' conviction, as well as the fraud conviction of her ex-boyfriend and Theranos' former president, Ramesh "Sunny" Balwani.BOP records show that Balwani, who was sentenced to nearly 13 years in prison, also has had his sentence reduced by almost three years. Balwani's projected release date is now April 21, 2033, according to those records.His attorney did not immediately respond to a request for comment.While Balwani is incarcerated at a minimum-security prison camp in California, Holmes is spending her time at Federal Prison Camp Bryan — a facility about 100 miles from Houston, where she grew up — alongside Ghislaine Maxwell and former "Real Housewives" star Jen Shah.Holmes told People magazine earlier this year in her first interview from behind bars that her prison routine includes waking up just after 5 a.m., having fruit for breakfast, and working out for 40 minutes."I truly did not think I would ever be convicted or found guilty," she told the magazine at the time, adding, "I refused to plead guilty to crimes I did not commit. Theranos failed. But failure is not fraud."The public downfall of Theranos began in 2015 after a Wall Street Journal investigation revealed the firm was using third-party blood-testing machines because its own couldn't provide accurate results.Meanwhile, Holmes' X account has been consistently posting, sometimes cryptic, messages in recent months."Never left. Just was silenced," read an August post.It's unclear who is behind the account.
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