Elizabeth Holmes Claims Inability to Pay $250 Monthly Restitution to Theranos Victims
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Elizabeth Holmes, the disgraced biotech executive and fraudster, claims she cannot afford to pay the $250 monthly installments towards the $452 million restitution she owes to her victims. Her lawyers argue that she has "limited financial resources." Holmes' estimated net worth was once valued at around $4.5 billion, but it dropped to zero once it turned out she was a fraud. Prosecutors are now asking US district judge Edward Davila to correct the paperwork, and if he does, Holmes would be required to start making monthly payments of either $250 or ten percent of her salary to her victims upon her release from prison roughly 11 years from now.
- Elizabeth Holmes Says She Can't Afford $250 Per Month to Pay Back Victims Futurism
- Elizabeth Holmes Says She Can't Afford $250 Payments to Theranos Victims The New York Times
- Theranos CEO Elizabeth Holmes Can't Pay $250 a Month to Victims Gizmodo
- Theranos founder objects to $250 monthly restitution sought by U.S. due to limited financial resources Los Angeles Times
- Elizabeth Holmes objects to $250 monthly payments to Theranos victims The Guardian US
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