Former Theranos CEO Elizabeth Holmes may be getting out of prison sooner than initially projected, according to the Bureau of Prisons. The Bureau's online database now indicates that Holmes' anticipated release date from a Texas prison is August 16, 2032, which is slightly earlier than her previous release date of December 29, 2032.
This adjustment marks the second time her sentence has been reduced in less than a year. Last July, Holmes saw her 11-year-and-three-month sentence shortened by approximately two years. The Bureau of Prisons has not provided a comment on this recent change but has previously mentioned that inmates can earn good conduct time (GCT) that factors into their release date calculation.
Qualified inmates can earn up to 54 days of GCT time for each year of their court-imposed sentence. In addition to good conduct time, inmates can accrue time credits through participation in various prison programs. These mechanisms for earning time credits are standard procedures for all inmates, not specific to Holmes' case.
Currently incarcerated at Federal Prison Camp Bryan, a minimum-security facility located around 100 miles from Houston, Holmes had her request for bail pending her conviction appeal denied by an appellate court in May 2023. Once a prominent figure in the tech industry, Holmes was convicted last year on multiple counts of defrauding investors during her tenure at Theranos.
Theranos, a company once valued at $9 billion, faced scrutiny following a 2015 Wall Street Journal investigation that revealed the limited scope and accuracy of the tests conducted using Theranos' technology. It was disclosed that Theranos relied on third-party devices from conventional blood testing companies rather than its proprietary technology, leading to the company's downfall.
