Elizabeth Holmes says she can't afford $250 a month restitution

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Health Health Headlines News

Elizabeth Holmes says she can't pay $250 a month in restitution after she's released from prison: report

that it was common for funds like these to never fully be paid out and that courts looked for ways to collect some of the money, even if it came from assets.

"Assets that the government froze at the onset of a prosecution might be available for restitution," Daniel Richman, a professor at Columbia Law School and a former federal prosecutor in Manhattan, said."But generally, most restitution is never paid." This week, prosecutors proposed that Holmes pay it month-by-month upon her release in $250 increments,Prosecutors told a judge this week that the payment plan wasn't originally determined because of a clerical error, per Bloomberg. But Holmes' attorneys disagreed that the judge made a mistake and said that there's"substantial evidence showing Ms. Holmes' limited financial resources and has appropriately treated Ms. Holmes and Mr.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in HEALTH

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why I've stopped telling myself to 'be more ambitious'Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »