Disgraced Theranos CEO Elizabeth Holmes’s prison sentence has been slashed by two years, according to updated Bureau of Prisons records
According to Holmes’ inmate information on the Bureau of Prisons’ website, the 39-year-old mother of two will be released on Dec. 29, 2032 — nine years, six months and 29 days after she checked into Federal Prison Camp Bryan on May 30.
Holmes, now known as federal inmate 24965-111, was initially sentenced to 11 years and three months in the minimum-security, women-only Texas prison.
According to the federal agency’s frequently asked questions, projected release dates can change based on an inmate’s good conduct, completion of substance abuse programs or the time credits they earned for completing programs and productive activities.
Holmes was convicted on four counts of wire fraud for swindling doctors and patients to use her company’s blood-testing services while knowing that Theranos was incapable of producing accurate results, according to the indictment.
She was also accused of defrauding investors of more than $700 million with the made-up claims.
Holmes was ordered — along with her ex-lover and former Theranos COO Ramesh “Sunny” Balwani — to pay $452 million in restitution to the investors who bought into their made-up claims.
Theranos investor and media mogul Rupert Murdoch — chairman of News Corp., the publisher of The Post — is owed $175 million of those funds, while lesser amounts will be distributed to 13 other fraud victims, including $40 million to Walgreens and $14.5 million to Safeway.
Holmes is being held jointly liable for the lump sum, as Balwani is already in prison after being convicted on a broader range of felonies in a separate trial.
Holmes must chock up $250 a month in restitution payments to victims, though her lawyers insisted before a judge that her “limited financial resources” will make it difficult for her to make the monthly installments.
US District Judge Edward Davila — who presided over both Holmes and Balwani’s trials — amended Holmes’ court filing regarding the restitution payment schedule, noting that she won’t be required to make the monthly payment until after she’s served her now-nine-year sentence.
Since surrendering to FPC Bryan in late May, an emotional Holmes has been spotted on campus in uniform — khaki sweatpants and a brown T-shirt — and crying throughout a seven-hour reunion last month with her family.
An emotional Holmes was pictured clinging to the finger of her husband, William Evans — prolonged physical contact that appeared to violate the prison’s policy.
Sources told the Daily Mail that Holmes was “visibly shaken” and “crying during much of the visit” after having spent her early days at FPC Bryan in isolation.
It’s unclear if Holmes is still in isolation, though many inmates at the minimum-security prison reportedly share a four-person bunk room — a far cry from the $9 million San Diego mansion Holmes lived in with her husband and two young children.
Inmates are kept on a tight schedule. They’re woken up at 6 a.m. for food service duties or factory jobs, earning between 12 cents and $1.15 per hour.
Last month, Lynn Espejo, who spent nearly two years at Bryan Federal Prison Camp from 2018 until early 2020, made a shocking allegation to The Post about prison life at FPC.
Espejo said that male guards checked on inmates in the showers — and claimed some of them were “having sex with women” inmates.
“You’re in the shower and the guard [could] come in there to see what you’re up to,” Espejo told The Post.
Before the Theranos house of cards came tumbling down, Holmes had a net worth of $4.5 billion at just 30 years old, according to Forbes. As of 2023, that figure has fallen to $0.
Source by [New York Post]