Lawyers for disgraced tech CEO Elizabeth Holmes are objecting to a authorities request that their consumer pay $250 a month to victims of her crimes.
Prosecutors need Holmes to pay not less than the $250 to these she wronged after she is launched below supervision. She may additionally pay 10% of her wages, whichever quantity could be extra.
Holmes’ attorneys stated in a brand new submitting that no authorized precedent exists for such a fee plan. Yet they didn’t object to a proposal that she pay $25 1 / 4 whereas she is incarcerated.
When she was convicted final 12 months, she and her former Theranos chief working officer, Ramesh “Sunny” Balwani, have been ordered to pay $452 million in restitution to her victims.
Holmes reported to federal jail in Texas in May to serve out her 11-year sentence. She was convicted on fraud fees for claims she made throughout her time as CEO of Theranos, a blood testing startup. Her false claims in regards to the blood-testing know-how misled dozens of high-profile traders and led to the corporate being valued at over $9 billion.
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