Elizabeth Holmes is set to leave prison for a halfway house three years before her scheduled release date. A Justice Department notice reviewed by ABC News shows the Theranos founder has been approved for transfer to the Austin Transitional Center, a halfway house near Austin, Texas, on Aug. 23, 2027. Holmes, sentenced in 2022 to more than 11 years for defrauding investors, has had her sentence reduced multiple times. Under revised federal guidelines and credits from the First Step Act, her projected release date is now Feb. 22, 2030.
The Federal Bureau of Prisons declined to comment on specifics, saying it "does not discuss the conditions of confinement for any individual, including release plans." In a March order reducing her sentence, US District Judge Edward Davila wrote that the adjustment "does not diminish the enormity of Holmes's crimes," which triggered hundreds of millions in losses and caused "immense reputational damage" to Silicon Valley.
Early Theranos investor Alan Eisenman tells NBC News that he received a message about the halfway house transfer from the Justice Department's victim notification system. He complains that the move "seems like a gift." He is owed $150,000 out of a total of $452 million in restitution that Holmes owes, and he says he hasn't received a penny. "She was a liar back in 2006, and she's a liar today." A trailer for a Holmes documentary described as a "mind-bending three-year journey into the abyss" was released this week.
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