The prison term of Elizabeth Holmes, founder of the Theranos startup, has been reduced by one year. This was reported by Zamin.uz.
This was reported by Business Insider. She can now be released by the end of December 2031.
This is not the first time Holmes's prison term has been shortened. Her sentence was also reduced in 2023.
Elizabeth Holmes was convicted and sentenced to prison for defrauding investors. The Theranos startup she founded was presented as a major breakthrough for human health.
The company promised the ability to conduct hundreds of tests using just a drop of blood. However, it was later revealed that this technology did not work.
Additionally, statements claiming that the device was approved by the US military were also found to be false. Because of this, the company faced major controversies and Holmes was held accountable.
