It's gonna take a long time to pay back all $452 million.
Federal prosecutors are saying that there was a clerical error in restitution-related court filings, and as a result, Holmes hasn't yet been put on any kind of payment schedule, which is usually commonplace for a major case like this.points out. Think of it as Afterpay, but for convicted fraudsters.
As such, prosecutors are now asking US district judge Edward Davila to correct the paperwork. If he does, Holmes would be required to start either making monthly payments of either $250 or ten percent of her salary to her victims upon her release from prisonImportantly, Balwani has already been ordered to start paying in installments — $1,000 per month or at least ten percent of his salary — once his 13-year sentence is up.
Both Balwani and Holmes have also agreed to pay $25 towards restitution each quarter while incarcerated.
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