Theranos founder Elizabeth Holmes to be moved to halfway house next year

The Federal Bureau of Prisons has reportedly notified victims of Elizabeth Holmes's fraud that she will be moved from a minimum-security prison to a transitional center in Del Valle, Texas, near Austin, in August next year. ABC News first reported the development, and it was later confirmed by The New York Times and NBC News.

Holmes, 42, was sentenced in 2022 to more than 11 years in prison after being convicted of defrauding Theranos investors out of hundreds of millions of dollars. Her company had falsely claimed its technology could detect diseases, including certain cancers, using only a few drops of blood from a finger prick. She was also ordered to pay restitution to victims.

Holmes has been serving her sentence at a federal prison facility in Bryan, Texas, and her term has been reduced multiple times since sentencing. US District Judge Edward Davila has stated in court filings that the reductions do not lessen the seriousness of her crimes, saying her revised sentence still represents just punishment and shows that justice will ultimately be served.

According to Bureau of Prisons records, Holmes is scheduled for full release in February 2030. ABC News reports she intends to settle in Austin after leaving custody.

Interest in Holmes has grown again due to an upcoming documentary by comedian Nathan Fielder, titled "You Can See Everything," which follows Holmes and her partner Billy Evans in the period before and during the early part of her imprisonment. In May, it was reported that Evans had raised millions of dollars for a new medical testing venture, sparking speculation about what Holmes may do after her release.