Theranos founder reportedly to be transferred to halfway home next year
6 hours ago
- Elizabeth Holmes, founder of Theranos, will be transferred from a minimum security prison to a halfway home in August next year.
- Holmes was sentenced to over 11 years in 2022 for defrauding investors of hundreds of millions of dollars, with Theranos falsely claiming its technology could detect diseases from finger-prick blood.
- The Federal Bureau of Prisons (BOP) informed victims of her transfer to a transitional center in Del Valle, Texas.
- Her prison term has been reduced several times, though a judge noted the revised sentence still reflects a just punishment.
- Holmes is set to leave prison in February 2030 and plans to reside in Austin after release.
- Interest in Holmes has renewed due to comedian Nathan Fielder's documentary 'You Can See Everything' about her and her partner Billy Evans.
- Reports indicate Holmes's partner raised millions for a new medical testing startup, sparking speculation about her post-prison plans.