Elizabeth Holmes’ sentence has been reduced by two years

Former Theranos founder Elizabeth Holmes was jailed at the federal prison camp in Bryan, Texas, in May to start her 11-year sentence for her crimes related to the Theranos fraud.

This month, Elizabeth’s sentence was reduced by two years, leaving her sentence at nine years.

Holmes has been accused of deceiving investors and patients at blood testing startup Theranos. She claimed she invented a blood testing startup that supposedly could test hundreds of diseases with a single drop of blood, which was not true.

She Holmes also faces three years of supervised imprisonment after completing her sentence and has been fined $452 million as compensation for the victims of the fraud. A judge delayed those payments due to their “limited financial resources.”

Her lawyers have appealed her conviction and while she is serving her sentence the trial is ongoing.

Ramesh “Sunny” Balwani, Holmes’ ex-boyfriend, received a similar reduction in his sentence. Balwani was originally sentenced to nearly 13 years in prison, but his sentence was reduced by two years, leaving him to serve 11 years.

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Sarah Ridley is a USTimesPost U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. Sarah Ridley joined USTimesPost in 2023 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing sarahridley@ustimespost.com.

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