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.
