Lawyers for Elizabeth Holmes are objecting to proposed changes in her case that include $250 monthly payments to victims.
Jeff Chiu / AP fileThe defense for disgraced biotech mogul Elizabeth Holmes, who once had an estimated net worth of $4.5 billion, is objecting to proposed changes in her case that include $250 monthly payments to victims.
The San Jose federal court found that she and Theranos COO Ramesh Balwani, convicted in a separate trial of 12 counts of fraud and conspiracy, are liable for covering more than $452 million in investor losses.On June 7, prosecutors filed a motion"to correct judgements" that noted the court's latest contained"clerical errors" that included the absence of a restitution payment schedule.
They argued this is what the court"intended" in finding Holmes and Balwani responsible for investor losses, according to the government's filing. In the document, Holmes' lawyers called the proposal an"attempt to manufacture a record that does not exist."
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