Elizabeth Holmes Claims Inability to Pay $250 Monthly to Victims Despite $4.5 Billion Net Worth.

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Source: CBS News
Elizabeth Holmes Claims Inability to Pay $250 Monthly to Victims Despite $4.5 Billion Net Worth.
Photo: CBS News
TL;DR Summary

Elizabeth Holmes' lawyers are pushing back on the government's proposal for her to pay $250 a month to victims of her fraud, claiming she won't be able to afford the payments. Holmes was convicted of defrauding investors in Theranos and ordered to repay $452 million to victims, including Rupert Murdoch and Larry Ellison. The Justice Department proposed that Holmes pay $250 a month, or at least 10% of her income, once she's released from prison. However, Holmes' lawyers cited her "limited financial resources" and noted that she has "no assets" and no hope of restarting her career after the Theranos scandal.

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