Elizabeth Holmes sees more months trimmed from prison release date

The Theranos founder has shaved more months from her initial 11-year-plus sentence for wire fraud and conspiracy, federal records show, and is still due to be released two years earlier than expected.

Imprisoned Silicon Valley CEO Elizabeth Holmes has shaved more months from her initial 11-year-plus sentence for wire fraud and conspiracy, federal records show, and is due to be released two years earlier than expected.

Holmes, 40, has a current release date of Aug. 16, 2032, from a women's federal prison in Bryan, Texas, according to the Bureau of Prisons. Last July, her expected release date was listed as Dec. 29, 2032.

The disgraced founder of failed blood-testing startup Theranos entered prison in May 2023 after she was handed a 135-month prison sentence for defrauding investors out of hundreds of millions of dollars.

While the BOP declined to comment specifically about Holmes' status for privacy and security reasons, the agency said in a statement that "projected release dates are calculated with several factors in mind."Inmates are eligible for "good conduct time," and those who qualify can earn up to 54 days for each year of sentence imposed by the court. In addition, inmates can see more time taken off their sentences by earning time credits that accrue when they complete certain prison and work programs, part of the federal government's way to reduce recidivism and ease the prison population.

Time credits are awarded over a 30-day period for programs related to anger management, mental health, financial literacy and other topics that seek to address behavior and instill personal skills. Once the credits are calculated and it is determined those credits equal the time left on the sentence, the inmate can be transferred out of prison into "pre-release custody," such as a halfway house or home confinement. Some may also be eligible for supervised release like probation.

https://www.nbcnews.com/news/us-news/elizabeth-holmes-prison-release-date-rcna149825

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