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.

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

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