Home WebMail Friday, November 1, 2024, 04:39 AM | Calgary | -3.2°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
Posted: 2023-06-13T21:36:37Z | Updated: 2023-06-13T21:36:37Z

Lawyers for Theranos founder Elizabeth Holmes argued in a court filing Monday that she should not have to pay $250 a month in restitution to defrauded investors upon her release from prison, citing her limited financial resources.

The complaint from Holmes attorneys follows a filing from federal prosecutors last week stating that because of clerical errors, the court never set a restitution payment for her for after she finishes her prison sentence. The court only ordered for Holmes to pay $25 per quarter while shes imprisoned and earning meager hourly wages.

Attorneys for Holmes, whose startup touted a breakthrough in blood-testing technology, argued that the court never attempted to set a post-prison restitution scheduled and suggested the $25 quarterly payments to investors she duped should continue after her release.

Ms. Holmes Amended Judgment already includes a restitution schedule that begins while she is incarcerated, they wrote. There is no indication in the record that the absence of a change to the schedule after she is released was a clerical error.