Theranos founder Elizabeth Holmes faces early release in February 2030

Holmes deceived investors by promising that her startup could perform many medical tests with a single drop of blood. In the meantime, Theranos, as the company was called, was valued at around nine billion dollars; Holmes himself is worth around $4.5 billion.

But the supposed success story was nothing more than a hoax. Instead of innovations, the company apparently simply used conventional testing procedures. A US court sentenced her to more than eleven years in prison for fraud. She also had to pay $452 million in damages.

However, her prison sentence was reduced several times. According to prison documents, reported by the Guardian among others, Holmes is scheduled to be released in February 2030. According to US media, those affected by their fraud have now been informed about the planned move to the rehabilitation facility in Del Valle, Texas. Holmes herself is said to imagine her future in Austin.

The case of the fraudulent self-made billionaire who embodied the American Dream has so many layers that a documentary was made about her. “You Can See Everything” from the production company A24 is scheduled to be released in cinemas on October 16th and the trailer has already caused a stir (read more about it here).