All articles tagged with #elizabeth holmes
Originally Published 1 month ago — by Business Insider
Elizabeth Holmes, the founder of Theranos, has had nearly three years shaved off her original 11-year prison sentence for defrauding investors, with her projected release date now set for December 30, 2031.
Originally Published 5 months ago — by The Independent
Ghislaine Maxwell has been transferred to Bryan Federal Prison Camp in Texas, a minimum-security facility where she shares space with Elizabeth Holmes and Jen Shah, all serving sentences for various crimes. The prison offers a relatively relaxed environment with structured routines, work, education, and visitation rights, but inmates must follow strict schedules. Maxwell's move comes amid renewed scrutiny of Jeffrey Epstein's case and the ongoing incarceration of these high-profile women.
Originally Published 1 year ago — by Daily Mail
Elizabeth Holmes celebrated her 40th birthday in prison with her family and friends at Federal Prison Camp Bryan in Texas, where she is serving an 11-year sentence for fraud. She was seen beaming and playing with her husband and children, and has reportedly made friends and is eligible for early release for good behavior. Holmes, the disgraced Theranos founder, was convicted on four counts of fraud and conspiracy in 2022 after her company's technology was exposed as a scam.
Originally Published 2 years ago — by STAT
Elizabeth Holmes, founder of Theranos, has been banned from federal health programs for 90 years following her conviction for fraud related to the inaccurate and faulty blood-testing claims made by her startup. The Health and Human Services Department can exclude individuals convicted of certain felonies from Medicare, Medicaid, and Pentagon health programs, essentially barring them from working in the broader health care system. The ban is a result of "certain aggravating factors" such as the longevity of Theranos' fraud and Holmes' imprisonment. This decision comes after a trial that determined the unreliability of Theranos' testing technology, which had raised hundreds of millions of dollars and involved partnerships with prominent entities before its downfall.
Originally Published 2 years ago — by The Cut
Convicted scammers Elizabeth Holmes and Jen Shah have reportedly formed a friendship in prison, with Shah taking on a "motherly role" for Holmes. Shah, who is serving a 6.5-year sentence for her involvement in a telemarketing scheme, has been tutoring inmates, teaching a workout class, and offering advice to Holmes, who recently began her 9-to-11-year sentence for defrauding investors in her medical device company, Theranos. Both women are said to be bonding over their shared experiences and journey of positive change.
Originally Published 2 years ago — by NPR
Elizabeth Holmes, the disgraced former CEO of Theranos, may be released from prison nearly two years earlier than originally sentenced for her role in defrauding investors. The U.S. Bureau of Prisons has projected her release date to be December 29, 2032, after serving approximately 9 1/2 years of her 11-year and three-month sentence. Holmes, convicted on four counts of fraud and conspiracy, is eligible for early release under the federal government's "good time" guidelines. Her former partner, Ramesh "Sunny Balwani," is also on track for an early release from his nearly 13-year sentence. Both Holmes and Balwani are pursuing appeals to overturn their convictions.
Originally Published 2 years ago — by ABC News
Elizabeth Holmes, the disgraced former CEO of Theranos, may be eligible for early release from her 11-year prison sentence for defrauding investors with her blood-testing scam. Federal officials have confirmed that Holmes has behaved well during her time in prison and could be released nearly two years ahead of schedule. The U.S. Bureau of Prisons projects her release date to be December 29, 2032. Holmes' former partner, Ramesh "Sunny" Balwani, who was also convicted of fraud, is also on track for an early release. Both Holmes and Balwani are pursuing appeals to overturn their convictions.
Originally Published 2 years ago — by ABC News
Elizabeth Holmes, the disgraced former CEO of Theranos, may be eligible for early release from her 11-year prison sentence for defrauding investors with her blood-testing scam. The U.S. Bureau of Prisons projects her release date to be December 29, 2032, nearly two years ahead of schedule. Holmes was convicted on four counts of fraud and conspiracy and her sentence remains unchanged, but she can qualify for early release under the federal government's "good time" guidelines. Her former partner, Ramesh "Sunny Balwani," is also on track for an early release from his nearly 13-year prison sentence. Both Holmes and Balwani are pursuing appeals to overturn their convictions.
Originally Published 2 years ago — by The Associated Press
Elizabeth Holmes, the disgraced CEO of Theranos, may be eligible for early release from her 11-year prison sentence for defrauding investors in her blood-testing scam. The U.S. Bureau of Prisons projects her release date to be December 29, 2032, nearly two years ahead of schedule. Holmes' sentence remains the same, but she qualifies for early release under the federal government's "good time" guidelines. Her former partner, Ramesh "Sunny" Balwani, is also on track for early release from his 13-year sentence. Both Holmes and Balwani are pursuing appeals to overturn their convictions.
Originally Published 2 years ago — by The Washington Post
Elizabeth Holmes, the disgraced founder of Theranos, is projected to be released from prison two years earlier than her 11-year sentence, according to federal prison records. She is set to be freed on December 29, 2032. Holmes was convicted of fraud and conspiracy charges in 2022. The Bureau of Prisons does not comment on release plans or conditions of confinement for inmates. Holmes is appealing her conviction and is jointly responsible for making $452 million in restitution payments. Her attorneys claim she has limited financial resources following the collapse of Theranos.
Originally Published 2 years ago — by Fox Business
Elizabeth Holmes, the founder of Theranos, has had her prison sentence reduced by nearly two years. Initially sentenced to over 11 years for multiple counts of fraud, Holmes will now be released from prison on December 29, 2032, serving about 20 months less than her original sentence. Holmes was found guilty of four counts of fraud and conspiracy in January 2022. She is currently appealing her conviction.
Originally Published 2 years ago — by CNN
Elizabeth Holmes, the disgraced former CEO of Theranos, may be released from prison nearly two years earlier than expected, according to the projected release date posted by the Bureau of Prisons. The discrepancy in the release date calculation is due to the Bureau of Prisons' inclusion of Good Conduct Time (GCT) and other factors that can earn inmates time credits. Holmes, who is serving an 11-year and three-month sentence for defrauding investors, is currently at a minimum-security federal prison camp in Texas. Her request to remain free on bail while appealing her conviction was denied in May.
Originally Published 2 years ago — by NBC News
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.
Originally Published 2 years ago — by The Guardian US
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.
Originally Published 2 years ago — by Gizmodo
Elizabeth Holmes, the disgraced co-founder of Theranos, has had her prison sentence reduced by two years, according to Bureau of Prisons records. Holmes, who was sentenced to 11 years and three months for defrauding investors, will now be released on December 29, 2032. The Bureau has not provided a reason for the reduction, but good behavior and completion of programs can result in a shortened sentence. Holmes' former colleague, Ramesh "Sunny" Balwani, also had his sentence reduced by two years. In addition to their prison terms, both were ordered to pay over $452 million in restitution.