Elizabeth Holmes could be released from prison two years earlier than expected
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Elizabeth Holmes, the disgraced ex-CEO of Theranos, might be released from prison almost two years ahead of schedule, as indicated by the projected date of release provided by the Bureau of Prisons.
Holmes arrived at a correctional facility in Texas towards the end of May, following a conviction that landed her with a prison term of 11 years and three months. Surprisingly, the online prison database of the Bureau of Prisons now states that Holmes is projected to be released on December 29, 2032. This would effectively reduce her total sentence by approximately two years.
The difference seems to stem from how the Bureau of Prisons computes its projected date of release.
According to a representative from the Bureau of Prisons who spoke to CNN, the agency is unable to provide any information about the specific circumstances of any inmate. However, they did mention that inmates have the opportunity to accumulate Good Conduct Time (GCT), which is taken into consideration when determining their expected release date. Inmates who meet the necessary criteria can currently earn up to 54 days of GCT for each year of their court-imposed sentence.
In addition, the spokesperson mentioned that prisoners have alternative methods of accumulating time credits while they are in prison. This can be influenced by various elements, such as the inmate's involvement in different correctional programs. It's important to note that these factors, which are considered in determining an approximate release date, are not specific to Holmes' situation, but rather are standard for all prisoners.
Holmes is presently undergoing her sentence at Federal Prison Camp Bryan, a federal prison facility with minimum security measures, situated around 100 miles away from Houston. In May, her plea to stay released on bail while she battles to reverse her conviction was rejected by an appellate court.
Holmes was formerly a revered figure in the tech industry, embodying the boundless aspirations and possibilities of Silicon Valley. Currently, she stands as a unique example among tech leaders, finding herself incarcerated following her conviction in early 2020 for numerous counts of deceiving investors during her tenure at Theranos.
At its height, Theranos had a worth of $9 billion, which made Holmes a billionaire on paper. However, things started falling apart for the company when the Wall Street Journal conducted an investigation in 2015. The investigation revealed that Theranos had only conducted around twelve tests out of the numerous ones it claimed to offer using its unique technology. Moreover, the accuracy of these tests was also questionable. Additionally, it was discovered that Theranos was actually relying on devices manufactured by other blood testing companies instead of using their own technology.
