Become a fan of Slashdot on Facebook

 



Forgot your password?
typodupeerror
×
Crime Biotech

Elizabeth Holmes' Prison Sentence Was Quietly Reduced By Two Years (gizmodo.com) 156

An anonymous reader quotes a report from Gizmodo: Disgraced Theranos co-founder Elizabeth Holmes' prison sentence has been reduced by two years, according to the Bureau of Prisons records. Holmes was sentenced to 11 years and three months in prison for defrauding investors by claiming her blood-testing company provided quick and reliable results but she was found to have lied about the reliability of those tests. Holmes surrendered to the Bureau of Prisons in California on May 30 to serve out her sentence at a minimum-security all-female federal prison camp in Bryan, Texas.

Less than two months after she reported to prison, her sentence was quietly changed, with her new release date scheduled for December 29, 2032, the Bureau's site says. The Bureau has not provided additional information for why Holmes' projected release date was shortened, but its site says an inmate's good behavior, substance abuse program completion, and time credits they receive for activities and programs they've completed can result in a lessened sentence. Only last month, Theranos' former president and chief operating officer Ramesh "Sunny" Balwani's 13-year sentence was likewise reduced by two years, making his new projected release date April 11, 2034.

Holmes is serving out her remaining nine-year sentence at FPC Bryan, an all-female prison camp, where the women adhere to a strict schedule requiring them to begin work at 6 a.m. each day. Those who are considered eligible to work are assigned jobs earning between 12 cents and $1.15 an hour in roles like food service and factory employment.

This discussion has been archived. No new comments can be posted.

Elizabeth Holmes' Prison Sentence Was Quietly Reduced By Two Years

Comments Filter:
  • Christ (Score:2, Insightful)

    Christ, if only they put this much energy into closing tax loopholes for the wealthy and putting this much legal weight behind it.
    • Why would "they" want to do that? As far as politicians are concerned, tax loopholes are a feature, not a bug.
      • As citizens we should be looking at why the system only breeds leaders who do that and make those problems with the system part of the very election until it doesn't happen any more.
        • The authority pyramid necessarily makes it easier for the people in authority to tune the rules to their continued accumulation of wealth and power.

          After all, there are fewer of them who need to cooperate than the public, and they are far more united in their goals than we are.

    • Skip the loopholes. What is needed is to remove ALL exemptions, write-offs, breaks, etc. Then we could write a decent weak balanced budget amendment.
      • Well, then what you have is a gross revenue tax and not an income tax. Taxing income inherently requires a taxpayer to be able to write off the expenses required to earn the income in the first place. The problem with taxing gross revenue is that it can result in an effective tax rate in excess of 100% if you are in a low-margin business. If it costs me $90 to make a widget I sell for $100 and you tax me 20% on that $100 of revenue, I'm net negative $10. Plus, it inherently favors high over low margin busin

  • Ludicrous (Score:4, Interesting)

    by Baron_Yam ( 643147 ) on Tuesday July 11, 2023 @08:10AM (#63676761)

    If her sentence was reduced after, say, 50% time served due to metrics measured during her incarceration, and such reductions were standard policy that'd be fine.

    That she was barely past the gates before it happened just screams that someone was bribed.

    • Re:Ludicrous (Score:5, Informative)

      by Burdell ( 228580 ) on Tuesday July 11, 2023 @08:21AM (#63676801)

      Due to a former employer's bad decisions (costing me money that I might get a few pennies of back some day), I get updates about someone in US federal prison. They are not eligible for parole, but their release date has changed three times since I started getting notifications several months ago, It has moved up a couple of weeks at a time (the notification doesn't say why).

      Given the bureaucracy involved, I'm going to say nobody was bribed to change a release date. There are too many people involved in change processes, and changes (especially for somebody high profile like Holmes) aren't going to go unnoticed (as we see). Bribing people to get a more favorable environment in prison I can see... bribing someone to change the release date doesn't seem likely.

      • by znrt ( 2424692 )

        They are not eligible for parole, but their release date has changed three times since I started getting notifications several months ago

        bribing someone to change the release date doesn't seem likely.

        to get this straight ... the only way i can imagine to reconcile these two statements is ... you are not suggesting she uses black magic, are you? you are implying that the bribe happened very high up, beyond that level of scrutiny, right? i would agree, it's pretty obvious.

    • Re:Ludicrous (Score:4, Interesting)

      by thegarbz ( 1787294 ) on Tuesday July 11, 2023 @08:28AM (#63676835)

      That she was barely past the gates before it happened just screams that someone was bribed.

      Not really. This kind of pointless bullshit is routine and not indicative of anything other than a bureaucracy gone mental combined. You just don't hear about it because most people in jail aren't famous.

      • That she was barely past the gates before it happened just screams that someone was bribed.

        Not really. This kind of pointless bullshit is routine and not indicative of anything other than a bureaucracy gone mental combined. You just don't hear about it because most people in jail aren't famous.

        Doesn't even need to be a "bureaucracy gone mental". It could be as simple as a well-managed prison system projecting their inmate population over time and, realizing that they don't have the capacity to keep everyone for the full durations, applying a set of rules that implement automatic reductions based on type of offense and other parameters.

        In other words, a well-behaved bureaucracy doing the best it can with the resources it has, making reasonable decisions about what to cut when something has to g

    • If her sentence was reduced after, say, 50% time served due to metrics measured during her incarceration, and such reductions were standard policy that'd be fine.

      That she was barely past the gates before it happened just screams that someone was bribed.

      There are other comments after your post about how this is normal, but perhaps more concerning to me would be the possibility that once again, she has used her good looks to get her way. I read one story that said that her husband's family says he is completely under her spell and they don't even know who he is any more. When Holmes was convicted and got over 100 people to write letters to the judge on her behalf, begging for her to just get as little time as possible, one venture capitalist said he wou

      • There are other comments after your post about how this is normal, but perhaps more concerning to me would be the possibility that once again, she has used her good looks to get her way.

        And your evidence for that is? She is using her good looks in a woman's prison to get reduced time that every prisoner that behaves gets . . . sorry, I do not see it.

        I read one story that said that her husband's family says he is completely under her spell and they don't even know who he is any more.

        And what does that have to do with the prison system? Also considering she is now in prison and is unlikely to have daily contact with him, what kind of spell was cast? Can it be broken with some sort of amulet?

        When Holmes was convicted and got over 100 people to write letters to the judge on her behalf, begging for her to just get as little time as possible, one venture capitalist said he would have no hesitation at all to throw more money at her once she was finished with jail if she started a new business.

        Do you have the actual letters or was it something that you heard?

        She is going to jail for fraud - major fraud. And she committed that fraud against other rich people, the people who have the money and power to punish you for that. And one of them is begging her to "Shut up and take my money". I think she's pretty, but I wouldn't give her a 9 or 10 out of 10, but apparently she really really does it for some guys and they just lose their minds completely from just looking at her.

        So let me understand your logic: She only went to prison because sh

  • Normal (Score:5, Informative)

    by vadim_t ( 324782 ) on Tuesday July 11, 2023 @08:19AM (#63676795) Homepage

    As far as I know, that's normal. It's just the "good behavior" bonus.

    The prison wants to have a carrot and a stick to use on inmates. But justice requires your rights being respected. So if you kill somebody in prison, you're going to get a trial, with lawyer, judge, jury and all that.

    But obviously it'd be stupidly cumbersome to have a full trial for every time somebody breaks some minor rule, like just being uncooperative. You don't want thousands of trials for "inmate refused to leave their cell".

    So what they do instead is to shorten your sentence by some percentage, and then reserve their right to change their mind if you do break a rule. You behave well, you get out early. You make things difficult, and eventually it's back to the original court mandated length.

    • From what I've read, it's the other way round. Each year you behave well, your sentence gets reduced. It doesn't happen up front and then can be taken back.

    • by evanh ( 627108 )

      So, presumably the limited pay is discretionary spend within the walls and therefore another carrot in the prison's toolset.

    • by Barny ( 103770 )

      Yeah. There were numerous typos in the article and a ton of these little sensationalizing-normal-events sections.

      What is this reporter doing, trying to get a job writing Slashdot headlines?

  • Yup (Score:2, Insightful)

    Almost as if rich people are subject to a different kind of justice.

  • by thegarbz ( 1787294 ) on Tuesday July 11, 2023 @08:25AM (#63676821)

    Warden: Now you will stay in here till you rot!
    *moments later*
    Warden: You're free to go.
    Renfield: Free to go? But why?
    Warden: Good behaviour!
    Renfield: But I've only been in here for a moment.
    Warden: Yes but for that moment you behaviour was very good.

    • Or one piece of data on a government database about prisoners [bop.gov] == let's wildly speculate on the lack of information. Reading the actual form, it appears that that is her projected release date unless the Bureau of Prisons has an accurate crystal ball of the future. I would guess that the 2 year reduction assumes she is on good behavior. If she gets in trouble in prison, they will most likely revise that date.
  • These people are master manipulators, so itâ(TM)s no surprise they are doing everything they can to wiggle out of responsibility for robbing investors, giving false diagnosis to cancer patients, and generally being scum employers pocketing huge salaries while taking long âoebusinessâ trips on the private jet to tropical locations and forming each other while forcing people to work on a crappy 3D printer with blood all over it that will never work under hostile environments
  • by ElizabethGreene ( 1185405 ) on Tuesday July 11, 2023 @08:35AM (#63676873)

    In a context larger than Holmes/Theranos, this is not okay.

    Those who are considered eligible to work are assigned jobs earning between 12 cents and $1.15 an hour

    The problems are manifold.
    Any restitution a non-wealthy prisoner could pay with these wages would be a rounding error.
    The labor rate far undercuts what a business with non-prisoner/slave workers can pay.
    Prisoners with long sentences will walk out the gate a few hundred dollars from being destitute, and the cost of (court required) halfway houses rapidly hoover up what small amount of money there is. It's worth investigating to see if walking out of prison with enough money to make a real start would reduce recidivism. (Ope, I've made an assumption there, I *assumed* higher wages would lead to walking out with more money at release. That's not necessarily true. That's worth a look too.)

    • by mysidia ( 191772 )

      The problems are manifold.
      Any restitution a non-wealthy prisoner could pay with these wages would be a rounding error.

      1.15 an hour is Not a market wage. Count the restitution as minimum wage X the number of hours worked minus the 1.15 (or whatever it is the prisoner is rated at).

      Either they are working the prisoners on a job that has no value, Or more likely someone is being allowed to pocket the difference between the prisoner's pay and what a normal worker would be paid for the job (No less than

    • So while off-topic, it's a good post. Ultimately though I'm going to disagree with you on some of it.

      This is a great article [aclu.org] that goes into much more detail about the effects of prison labor wages. Notably it supports your position of looking at labor wages for prisoners and has rather detailed economics about the benefits and pitfalls of the issue.

      However, I do also want to point out the 13th Amendment [wikipedia.org] to the Constitution. The 13th amendment of course abolished slavery, but specifically calls ou

      • I like the idea of raising pay rates based on behavior metrics and to encourage desirable behaviors. That's a very good idea that checks a lot of boxes.
      • The entire prison system is loaded with perverse incentives. I don't have a problem with forced labor for nominal pay, I have a huge problem with the fact that many prisons are for-profit institutions run by crooks little different from their inmates in character. In some backwater states the Warden is paid a certain amount per prisoner per meal and is allowed (???!) to pocket any excess.

    • You should really read the book Arrest Proof Yourself. Former state trooper turned FBI agent turned Defense attorney dissects the shocking nature of what he calls the Prison-Industrial complex, which he refers to as a modern-day analogue of plantation slavery.

      The book completely changed my beliefs about crime, criminals, jail and the underlying public policies around them.

      Re: recividism: I believe, as does the author, that 99.5% of criminals are very stupid and not particularly evil. He has this wonde

  • These criminals are masters at making people think they're "well-behaved." You want to get it through their thick skull that prison will suck? Restore chain gangs for white collar criminals. Ship her sorry ass out to the hottest, nastiest and/or poorest parts of the USA to work 14-15 hours a day cleaning public spaces until they're immaculate for 6 days a week.

    I can pretty much guarantee that if we had statutory mandates for this sort of thing that completely bound the judiciary's hands, you would see a red

    • At what point does "acting like you are well-behaved" actually mean "well-behaved"?

      I mean, aren't most (all?) people just acting well-behaved to avoid social stigma of varying degrees?

      I mow my lawn to avoid judgement and fines, but it's just an act. I actually hate mowing my lawn....

      Can we ever really know what is in a person's heart?

      As for statutory mandates, we have tried that and it didn't work. Just look at mandatory minimums for drug crimes. Those did not seem to make any kind of dent in deterring thos

  • by wakeboarder ( 2695839 ) on Tuesday July 11, 2023 @10:46AM (#63677189)
    They'll chip away at the sentance until she's out in a few years, it works because in about 2-3 years nobody will really care except the businesses that got burned, and by they they will have better things to worry about.
    • Nah. It'd be true of a normal white collar criminal, but she's too famous. She'll be doxxed as soon as she gets out

  • Like most everything else in the US, alas, prison sentences are a big scam. Almost no one serves the sentence they are sentenced to. The official sentence is just a PR gimmick to placate the masses who think criminals should be punished. Even those sentenced to "life" get out in their 50s.

  • If every 2 months is 2 years she will be put before christmas.

  • Maybe she shouldn't be in prison but rather all her future blood tests can only use her machine.
  • ... but it can reduce my prison sentence.

    nothing to see here, citizen, everything is in order.

  • Sounds about right. How about sentencing her to a prison with other inmates that don't have her best interests at heart?
    • Fed sentencing doesn't work like that. There's no parole or early release in the federal system. There's the standard "good behavior" reduction, which she apparently got, and that's it.

  • This is standard. If she is good she gets 15% of her time removed. They all do for white collar crimes.

You know you've landed gear-up when it takes full power to taxi.

Working...