Elizabeth Holmes will be barred from contacting the 14 investors identified as victims of the Theranos fraud after she leaves federal prison, unless instructed to do so by a probation officer.
The former Theranos chief executive was convicted of defrauding investors who had been persuaded to fund the company’s claims that it could transform blood testing. The losses were put at more than $452 million.
The restriction is among the conditions of Holmes’s supervised release, according to court documents. She will also be required to make restitution payments, including $40 million to Walgreens and more than $14 million to Safeway.
Holmes must provide her probation officer with access to her financial records, including tax returns, and authorise credit checks to monitor her compliance with the terms of her release.
Her conditions also require her to take part in a mental health treatment programme, provide a DNA sample and submit her home, office, vehicle and other property to searches.
Holmes is due to move to the Austin Transitional Center in Del Valle, Texas, after completing her time at the Federal Prison Camp in Bryan. Her victims were notified of the planned move to the halfway house on August 23, 2027.
The Bureau of Prisons lists her official release date as February 22, 2030, meaning she is expected to remain at the halfway house for part of the remainder of her sentence.
Holmes began serving her sentence at the Texas prison in May 2023 after being found guilty at trial of three counts of wire fraud and one count of conspiracy to commit wire fraud against Theranos investors. She was initially sentenced to more than 11 years in prison, before a judge reduced the term by a year in March.
