Theranos founder Elizabeth Holmes reportedly to be transferred to halfway home next year
Holmes was sentenced to 11 years in prison in 2022 but has seen her sentenced reduced several times Elizabeth Holmes , the disgraced founder of blood testing startup Theranos, will reportedly be transferred from a minimum security prison to a halfway home next August. In 2022, Holmes, 42, was sentenced to more than 11 years in prison for defrauding Theranos investors out of hundreds of millions…
Elizabeth Holmes, the founder of blood testing startup Theranos, is reportedly set to be transferred from a minimum security prison to a halfway home next year. According to a DOJ victim notification, she is scheduled to arrive at the Austin Transitional Center in Del Valle on August 23, 2027. Holmes was sentenced to more than 11 years in prison in 2022 for defrauding Theranos investors out of hundreds of millions of dollars.
Holmes was convicted on four counts related to defrauding investors. Her prison sentence has been reduced several times. She was ordered to pay restitution and falsely promoted Theranos' technology as capable of detecting diseases, including types of cancer, from drops of finger-pricked blood.
The Austin Transitional Center is a community correction center, also known as a halfway house, where Holmes will be placed. This information was reported by various outlets, with Quartz providing the specific date of her transfer and The Guardian US and Toronto Sun providing details on her conviction and sentencing.
Brief written by urgent.news from The Guardian US, Toronto Sun, Quartz, Forbes, Hindustan Times - World News — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
