Elizabeth Holmes rejects government order to pay victims after incarceration
Lawyers for disgraced tech CEO Elizabeth Holmes are defying government requests for clients to pay her crime victims $250 a month.
Prosecutors want Holmes to pay at least $250 to those she wronged after she was released under custody. She could also pay her 10% of her wages, whichever was greater.
Holmes’ attorneys said in a new filing that no such payment plan precedent exists. Yet they did not object to her suggestion that she pay $25 a quarter while she was incarcerated.
When she was convicted last year, she and former Theranos chief operating officer Ramesh “Sunny” Balwani were ordered to pay $452 million in damages to victims.
Holmes turned himself in to a federal prison in Texas in May, completing an 11-year sentence. She was convicted of fraud due to allegations she made while CEO of her blood-testing startup Theranos. Her false claims about her blood-testing technology misled dozens of high-profile investors and resulted in a valuation of the company in excess of $9 billion.
https://www.washingtontimes.com/news/2023/jun/13/elizabeth-holmes-rejects-government-order-pay-vict/?utm_source=RSS_Feed&utm_medium=RSS Elizabeth Holmes rejects government order to pay victims after incarceration
