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1. Convicted ex-Theranos CEO Elizabeth Holmes is scheduled for early release, according to online records.
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2. In November 2022, she was sentenced to 11 years and three months for defrauding investors in the failed Silicon Valley startup.
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3. Federal Bureau of Prisons records show her sentence was reduced to nine years with a release date of Dec. 23, 2032. This means she will be released two years early.
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Holmes reported to a minimum-security federal women's prison camp in Bryan, Texas on May 30.
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A spokesperson for the federal agency confirmed the reduction but could not provide additional details due to privacy, safety, and security reasons.
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7. Some inmates are eligible for early release via court orders such as compassionate release or clemency.
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8. Inmates can also have their sentences reduced for good conduct, including completing job assignments and substance abuse program courses.
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9. Gained time can be revoked over disciplinary concerns or other infractions. Holmes was convicted in January 2022 for her role in Theranos, a medical diagnostics company she started at age 19 after dropping out of Stanford University.
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The company grew to be worth more than $9 billion and attracted investors including Larry Ellison, Rupert Murdoch, and the Walton family.Holmes and her colleague Ramesh "Sunny" Balwani lied about the technology, finances, and partnerships of the company.
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A jury found her guilty on four felony fraud counts associated with a loss to victims of at least $120 million.
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Total losses surpassed $800 million, according to prosecutors.Balwani was convicted on 12 counts of fraud and conspiracy and sentenced to about 13 years in prison.