Lawyers for disgraced tech CEO Elizabeth Holmes are objecting to a government request that their client pay $250 a month to victims of her crimes.
‘ attorneys said in a new filing that no legal precedent exists for such a payment plan. Yet they didn’t object to a proposal that she pay $25 a quarter while she is incarcerated.
When she was convicted last year, she and her former Theranos chief operating officer, Ramesh “Sunny” Balwani, were ordered to pay $452 million in restitution to her victims.reported to federal prison in Texas in May to serve out her 11-year sentence. She was convicted on fraud charges for claims she made during her time as CEO of Theranos, a blood testing startup.
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Elizabeth Holmes' lawyers say she shouldn't pay restitution once released from prisonLawyers for Theranos founder Elizabeth Holmes say she should not have to pay restitution once she's released from prison.
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Elizabeth Holmes objects to government requesting she pay $250 a month to victims after prisonLawyers of Elizabeth Holmes, the disgraced former Theranos CEO, argued in a court filing this week that she has 'limited financial means' and should not be forced to pay $250 a month to victims of her crimes after she is released from prison.
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Elizabeth Holmes says she can't afford $250 a month restitutionInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
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Elizabeth Holmes Doesn’t Want to Pay Victims $250 a MonthElizabeth Holmes' lawyers argued in a filing Monday that she has “limited financial means” to pay the $452 million restitution she and her co-founder were ordered to pay at her trial last January.
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Elizabeth Holmes Says She Can't Pay $250 Monthly Restitution To VictimsThe disgraced founder of the Theranos blood-testing company will have “limited financial resources' upon her release from prison, her lawyers said.
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Elizabeth Holmes objects to government requesting she pay $250 a month to victims after prison | CNN BusinessElizabeth Holmes, the disgraced former Theranos CEO, has “limited financial means” and should not be forced to pay $250 a month to victims of her crimes after she is released from prison, her lawyers argued in a court filing on Monday.
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