Theranos founder Elizabeth Holmes has prison sentence shortened by two years

Elizabeth Holmes, the fallen Theranos CEO, has had her prison term reduced by a span of two years.

Holmes, aged 39, is currently incarcerated in Texas due to her leadership role in a notorious deception related to blood testing.

The criminal began serving her 11-year imprisonment in May - however, a recent modification in her incarceration documentation reveals that she is now set to be freed two years earlier than expected.

According to a representative from the Federal Bureau of Prisons, Holmes' anticipated release date is slated for the 29th of December, 2032.

The agency mentioned that it could not provide additional information regarding specific individuals due to concerns related to privacy, safety, and security.

Nevertheless, the representative stated that inmates have the opportunity to have their sentences shortened due to displaying commendable behavior and engaging in "constructive endeavors" or initiatives aimed at preventing repeat offenses.

In addition, inmates might have their punishment diminished due to the period they were incarcerated prior to their trial.

Read more: Holmes possesses the aspiration to regain success, evidenced by her commitment to overcoming her period of incarceration.

Holmes was found guilty by a jury last year on four serious charges of deceit and collaboration.

This signified the end of a disorienting downfall for Holmes - from a highly celebrated figure in Silicon Valley and the youngest woman in America to achieve billionaire status through her own efforts, to an outcast confined in prison.

Holmes initiated the establishment of Theranos, making grand claims about introducing ground-breaking blood-testing technology, garnering substantial financial support from well-known individuals with influence and stature in the investment world.

However, the technology was revealed to be fraudulent and the company, which was previously estimated to be worth $9 billion (£7.3 billion), rapidly collapsed.

After being declared guilty in November, Holmes has initiated a series of attempts to avoid imprisonment.

In the month of May, she was additionally instructed to compensate the victims of her illegal activities with a massive sum of $452 million (approximately £363 million).

She shares equal responsibility for the penalty of making up for the losses along with her former partner and second-in-command at Theranos, Ramesh "Sunny" Balwani. Balwani is currently serving time in prison for being found guilty of a wider array of crimes in a different trial.

Additionally, Balwani's sentence has been reduced by two years, resulting in his release now being set for the year 2034.