{"id":1969759,"date":"2023-07-11T14:39:02","date_gmt":"2023-07-11T18:39:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elizabeth-holmes-prison-sentence-shortened-by-2-years\/"},"modified":"2023-07-11T14:40:48","modified_gmt":"2023-07-11T18:40:48","slug":"elizabeth-holmes-prison-sentence-shortened-by-2-years","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elizabeth-holmes-prison-sentence-shortened-by-2-years\/","title":{"rendered":"Elizabeth Holmes&#8217; prison term reduced by 2 years."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Felizabeth-holmes-prison-sentence-shortened-by-2-years%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1969759&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Former Theranos founder and CEO Elizabeth Holmes goes through security after arriving for court at the Robert F. Peckham Federal Building September 17, 2021 in San Jose, California. Holmes is facing charges of conspiracy and wire fraud for allegedly engaging in a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/whats-behind-the-washington-posts-sudden-hunter-biden-epiphany\/\" title=\"What\u2019s Behind the Washington Post\u2019s Sudden Hunter Biden Epiphany?\">multimillion-dollar scheme<\/a> to defraud investors with the Theranos blood testing lab services. (Photo by Justin Sullivan\/Getty Images)<\/figcaption><\/figure>\n<h2>OAN\u2019s\u00a0<a href=\"https:\/\/www.oann.com\/tag\/geraldyn-berry\">Geraldyn Berry<\/a><\/h2>\n<h3>11:34 AM \u2013 Tuesday, July 11, 2023<\/h3>\n<p>According to the Bureau of Prisons, convicted ex-Theranos CEO Elizabeth Holmes may be released from prison two years earlier than expected.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Additional details about Holmes\u2019 early release had been withheld, citing \u201cprivacy, safety, and security reasons.\u201d<\/p>\n<p>Holmes, who started serving her 11-year and three-month sentence in a minimum-security, federal women\u2019s prison camp, Federal Prison Camp Bryan, located in Bryan, Texas on May 30<sup>th<\/sup> with a new expected release date of December 29, 2032, effectively reducing her sentence by approximately two years.<\/p>\n<p>A spokesperson for the Bureau of Prisons stated that inmates can earn Good Conduct Time (GCT), which is factored into their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pharma-bro-martin-shkreli-released-from-prison-early\/\" title=\"\u201cPharma Bro\u201d Martin Shkreli Released From Prison Early\">projected release date<\/a>. Additionally, inmates can earn time credits through participation in prison programs and other factors. These calculations are standard procedures applied to all inmates, including Holmes.<\/p>\n<p>In May, her request to remain free on bail while appealing her conviction was denied by an appellate court.<\/p>\n<p>At its peak, Theranos, a medical diagnostics company that sought to diagnose a range of medical conditions with just a pinprick of blood, was valued at $9 billion. An investigation by the Wall Street Journal in 2015 exposed the company\u2019s deceptive practices.<\/p>\n<p>It was revealed that Theranos had performed only a small fraction of the tests it claimed to offer using its proprietary technology, and the accuracy of those tests was questionable. Furthermore, it was discovered that Theranos relied on third-party devices from <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elizabeth-holmes-prison-sentence-shortened-by-2-years\/\" title=\"Elizabeth Holmes' prison term reduced by 2 years.\">established blood testing companies<\/a> instead of its own technology.<\/p>\n<p>The Securities and Exchange Commission accused Holmes and Theranos Chief Operating Officer Ramesh \u201cSunny\u201d Balwani of securities fraud in March 2018.<\/p>\n<p>A jury found her guilty on four felony fraud counts connected to a loss to victims of at least $120 million after a protracted trial that captured Silicon Valley\u2019s attention. Overall losses exceeded $800 million, according to the prosecution.<\/p>\n<p>Her former partner received a sentence of almost 13 years in jail after being found guilty on 12 charges of fraud and conspiracy.<\/p>\n<p>Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here.\u00a0<a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Pastor Artur Pawlowski<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Stephanie Nash<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Pastor Lucas Miles<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Dan Geltrude<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Byron Kaye and Lewis Jackson SYDNEY (Reuters) \u2013 Social media giant Meta Platforms, owner of Facebook and Instagram, plans to label\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>BEIJING (Reuters) \u2013 China\u2019s science and technology ministry held a meeting on July 5 with firms including Xiaomi, iFlytek and Alibaba Cloud\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Tanvi Mehta NEW DELHI (Reuters) \u2013 Taiwan\u2019s Foxconn has decided to withdraw from a $19.<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/golf-british-opens-154th-edition-to-be-played-at-birkdale\/\" title=\"The 154th British Open to be held at Birkdale.\">5 billion semiconductor joint venture<\/a> with Vedanta,\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013 Taiwan\u2019s Foxconn said on Monday it had withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta,\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Elizabeth Holmes, ex-CEO of Theranos, enters court in San Jose, California, facing conspiracy and wire fraud charges. She is accused of deceiving investors with her blood testing lab services, resulting in a multimillion-dollar scam.<\/p>\n","protected":false},"author":1755,"featured_media":1969760,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1969759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1969759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1755"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1969759"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1969759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1969760"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1969759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1969759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1969759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}