Photo:Sergio Flores/Bloomberg via Getty
Sergio Flores/Bloomberg via Getty
NBC NewsconfirmedHolmes’ release date with a spokesperson with the Federal Bureau of Prisons, who told the outlet prisoners could earn an earlier release through good behavior. That time is “projected in their projected release date.”
Holmes was sentenced to 11 years and three months in prison last November after being convicted of multiple counts of fraud. The founder of the blood-testing lab Theranos, Holmes has been in Federal Prison Camp Bryan, a minimum-security facility in Bryan, Texas, since late April.
She was charged over false claims she made to investors about the blood-testing company. She was found guilty on four of the 11 charges she faced — three for wire fraud and one count of conspiracy to commit wire fraud.
Elizabeth Holmes.Justin Sullivan/Getty Images
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Holmes was also accused of lying to investors in 2015, telling them that Theranos would generate $1 billion in revenue when prosecutors say she knew the company would only generate a few hundred thousand dollars that year.
Her list of investors grew to include a number of high-profile American figures, including former Education SecretaryBetsy DeVos,Rupert Murdochand the Walton family, one of the richest families in the country who foundedWalmart.
Elizabeth Holmes.Getty Images
Getty Images
Sheappealed her convictionearlier this year after announcingthe birth of her second child, asking a judge to allow her to stay out of prison while she fights her case.
However, prosecutors claimed she was a flight frisk who had previously tried to flee the country after buying a one-way flight to Mexico following her conviction.
Holmes’ life is the subject ofan HBO documentaryas well asa Hulu miniseriesstarringAmanda Seyfried.
source: people.com
