Elizabeth Holmes objects to $250 monthly payments to Theranos victims

Lawyers for disgraced CEO, who was once worth $4.5bn, say ‘limited financial resources’ mean she cannot afford repayments

Elizabeth Holmes, the disgraced CEO who once had a net worth of $4.5bn, cannot afford to make $250 monthly payments to victims of the Theranos fraud, according to court filings.

Lawyers for Holmes strongly objected to a suggested repayment schedule of $250 a month after the founder’s release from prison due to her “limited financial resources”. Holmes reported to federal prison in May for an 11-year sentence after being convicted in January 2022 on four charges of fraud related to the blood testing startup.

Continue reading...

from The Guardian https://ift.tt/3Xpj46B

Comments

Post a Comment

Popular posts from this blog

Two years after Buffalo mass shooting, an art exhibit focuses on the victims

A few months after 14 May 2022, a curator sought out three local artists. The resulting exhibition, Before and After Again, is thought to be the first of its kind Two years ago, a white supremacist drove 200 miles to Buffalo, New York, and opened fire in a grocery store in the city’s predominantly Black East Side neighborhood, killing 10 people and injuring three. Though the Tops Friendly Markets where the racist mass shooting took place has been remodeled, and most of the country has forgotten about the violence that occurred on 14 May 2022, Buffalo’s East Side is forever changed. Continue reading... from The Guardian https://ift.tt/mqu1LFv
Read more

‘Vile’ Labour WhatsApp group exposes toxic divisions in Andrew Gwynne’s power base

Insiders say online forum soon turned ‘nasty’ and Tameside party members were notorious for ‘slagging off’ each other The brutally swift downfall of the health minister Andrew Gwynne and his Labour colleague Oliver Ryan was a story few in Westminster saw coming. Gwynne, 50, had managed to dodge most controversies during his near 20-year stint in parliament, though rose to brief fame for calling Boris Johnson a “pillock” on live television in 2017. Continue reading... from The Guardian https://ift.tt/WVXvA2a
Read more