Elizabeth Holmes Objects to $250 Monthly Restitution for Theranos Victims

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Source: PBS NewsHour
Elizabeth Holmes Objects to $250 Monthly Restitution for Theranos Victims
Photo: PBS NewsHour
TL;DR Summary

Federal prosecutors want Elizabeth Holmes, founder of failed blood testing startup Theranos, to pay $250 each month to victims of the fraud after she leaves prison, but her attorneys are pushing back citing "limited financial resources." Holmes began an 11-year sentence at a minimum-security facility in Bryan, Texas, last month after being convicted of fraud for duping investors out of hundreds of millions of dollars. Prosecutors want Holmes to pay at least $250 each month or 10% of her earnings, whichever is greater, in restitution once she is released from prison.

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