On September 21, 2011, Steven Warshak's sentence was reduced from 25 years to 10 years. With credit for time served, he could be out in five years. His mother's sentence was reduced from two years to one day, and she never served any time in jail. Factors in reducing the sentence were that the amount of total loss by customers may have been less than $400 million and that the sentences of co-defendants were only two years. Warshak was released from prison on June 14, 2017 according to the Federal Prison Inmate Locator system.