Elizabeth Holmes' Prison Sentence Shortened After Good Conduct

Elizabeth Holmes, the founder of Theranos, has had two years of her 11-year prison sentence shortened due to good conduct and participating in programs designed to reduce reoffending.

11 July 2023 · 16:00 UTC

The fraudster was convicted on four felony counts of fraud and conspiracy in 2020 and was ordered to pay $452 million to victims of her crimes.

Holmes launched Theranos with the promise of revolutionary blood-testing technology but the technology was later exposed as bogus, leading to the company's downfall.