Elizabeth Holmes, who was sentenced to 11-and-a-half years in prison, will now spend just over nine years in prison.
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Holmes was convicted of fraud and conspiracy last November on multiple charges of defrauding investors while running the failed blood testing startup Theranos.
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After a battle to keep her free, she reported to prison in Texas on May 30.
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She will be released on December 29, 2032. No details on the change have been revealed.