Theranos founder Elizabeth Holmes to be released from prison sooner than thought, records show

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Tuesday, July 11, 2023
Theranos founder Elizabeth Holmes' prison term reduced, records show
Elizabeth Holmes, who was sentenced to 11-and-a-half years in prison, will now spend just over nine years in prison.

BRYAN, Texas -- The Theranos founder who was convicted of fraud just had her sentence reduced, according to records with the Federal Bureau of Prisons.

Elizabeth Holmes, who was sentenced to 11-and-a-half years in prison, will now spend just over nine years in prison.

MORE: Elizabeth Holmes loses latest bid to avoid prison and gets hit with $452M restitution bill

Holmes was convicted of fraud and conspiracy last November on multiple charges of defrauding investors while running the failed blood testing startup Theranos.

MORE: Why ethics, legal experts say Elizabeth Holmes sentencing sends clear message to Silicon Valley

After a battle to keep her free, she reported to prison in Texas on May 30.

She will be released on December 29, 2032. No details on the change have been revealed.

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