Elizabeth Holmes had her 11-year prison sentence slashed to nine years, according to the Bureau of Prisons, though it’s unclear why.
Holmes was convicted on four counts of wire fraud for swindling doctors and patients to use her company’s blood-testing services while knowing that Theranos was incapable of producing accurate results, according to the indictment.see also
Elizabeth Holmes claims she won’t be able to afford $250 a month in restitution payments after prison release Holmes was ordered — along with her ex-lover and former Theranos COO Ramesh “Sunny” Balwani — to pay $452 million in restitution to the investors who bought into their made-up claims. Theranos investor and media mogul Rupert Murdoch — chairman of News Corp., the publisher of The Post — is owed $175 million of those funds, while lesser amounts will be distributed to 13 other fraud victims, including $40 million to Walgreens and $14.5 million to Safeway.
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