Elizabeth Holmes' Prison Sentence Cut by 2 Years

Elizabeth Holmes, the former CEO of Theranos, has had her 11-year prison sentence for defrauding investors shortened by two years, according to new records. Her release date is now projected to be December 12, 2032. The reduction in sentence is in line with federal guidelines, which require individuals convicted of federal offenses to serve 85% of their mandated sentence. Holmes, who had been out on bail since 2018, will now serve approximately nine years and seven months. Her co-conspirator, Sunny Balwani, also had two years shaved off his 13-year sentence. Holmes has appealed her conviction, and proceedings are ongoing.