Sept. 24 (UPI) — Elizabeth Holmes, the founder of Theranos who was convicted of wire fraud and conspiracy to commit fraud by misleading investors, is moving to a halfway house in Texas.
She is scheduled to move to the Austin Transitional Center in Del Valle, Texas, in August 2027, ABC News reported, citing an update from the Department of Justice Victim Notification System.
Holmes was sentenced to 11 years in federal prison in 2022, but her sentence has been reduced by a year and a half. In January, she asked the Department of Justice for a commutation.
Holmes is now at Federal Prison Camp Bryan, which is about 90 miles from her hometown of Houston. The Austin Transitional Center is a 460-bed “community corrections center” owned by a private prison company.
The Federal Bureau of Prisons would not give information on the move, saying it doesn’t discuss “the conditions of confinement for any individual, including release plans,” CNN reported.
“BOP assigns individuals to facilities based on several factors. These include the level of security and supervision required, medical or programmatic needs, separation or security considerations necessary for the individual’s safety, and other relevant factors, such as proximity to the individual’s release residence,” the spokesperson told CNN Wednesday.
Last year, Holmes’ attorneys argued that she “maintained an excellent record post-sentencing” and did not have any citations or disciplinary infractions during her time in prison. Holmes “dedicated herself to being an engaged prisoner, serving other women and actively seeking opportunities to make a difference,” the attorneys wrote in their motion.
But the government argued that she had created “substantial financial hardship” to victims, hadn’t accepted responsibility for her crimes, paid minimal restitution and could reoffend, according to court documents.
Judge Edward Davila found Holmes eligible for reduced sentence but said it “does not diminish the enormity of Holmes’s crimes.”
Theranos was once valued at $9 billion. Holmes founded the company as a college student. The company claimed it had the technology to test for many diseases and conditions with just a single pin prick of blood. It gained $945 million in financing, a board of well-known political figures and notable retail outlets.
A new documentary about Holmes, You Can See Everything, is being released in theaters Oct 16.
Source: U.S. News
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