Elizabeth Holmes' Prison Sentence Reduced by 2 Years

Elizabeth Holmes, the disgraced founder of Theranos, has had her prison sentence shortened by approximately two years, according to federal records. Holmes, who was convicted of wire fraud, began serving her 11-year and 3-month sentence in May 2022. An update to her inmate details on the Bureau of Prisons website now lists her expected release date as December 29, 2032. The reason for the reduction in her sentence remains unclear, and the Federal Bureau of Prisons declined to provide further comment. Holmes' company, Theranos, gained notoriety for its false claims about its blood-testing technology, leading to its downfall and legal consequences for Holmes and her former COO, Ramesh "Sunny" Balwani.