By Dalia Faheid, CNN (CNN) — Theranos founder Elizabeth Holmes has been approved to move to a halfway house next year, ABC News reported, years after her stunning downfall that culminated in a conviction for defrauding investors while running her failed blood testing startup.
The disgraced Theranos founder will be placed in an Austin-area facility in August 2027 as she serves out her reduced sentence for defrauding investors.
Elizabeth Holmes, the founder of Theranos, who was convicted of defrauding investors through a blood-testing scheme, has been approved to move to a halfway house in August 2027, according to ABC News. Holmes founded health technology startup Theranos in 2003, claiming she could test for a wide range…
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.
Three years after reporting to federal prison, the Theranos founder convicted of cheating investors in a notorious blood-testing scam will move to a halfway house near Austin next summer. Her sentence, however, continues to run until 2030.
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Elizabeth Holmes Set To Be Released To Halfway House Next Summer | Since Then