They’re now asking US District Judge Edward Davila to correct the paperwork to require her to make monthly payments once she finishes the 11-year sentencethat she started last month at a federal prison camp outside Houston.
Like her former boyfriend,Ramesh “Sunny” Balwani,who served as president of Theranos and is now serving a 13-year sentence,Holmes has said she can’t afford to pay the nine-figure sumdemanded by the US. That’s common in large financial frauds,but the government is required to seek restitution — and judges often impose payment schedules on convicts to ensure they make an effort.
Loading
At Theranos’ peak,Holmes was estimated to be worth a staggering $US4.5 billion.
Davila,who presided over the trials of both Holmes and Balwani,ordered them to pay $US452,047,268 in restitution,saying they are jointly liable for the amount — with $US125 million owed to Theranos investor Rupert Murdoch and lesser amounts for 13 other fraud victims.
The judge ordered Balwani to pay $US25 quarterly while in prison and at least $US1,000 a month,or at least 10 per cent of his earnings,once released.
Her lawyers asked Davila to reject the correction proposed by prosecutors. They noted that while Davila ordered Balwani to pay a $US25,000 fine,she was spared from that penalty.