Elizabeth Holmes, founder of Theranos Inc., arrives at federal court in San Jose, California, US, on Friday, March 17, 2023.
The 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.
In a filing in federal court in California, the team argued that implementing prosecutors' proposed restitution schedule would amount to a significant modification to the outcome of Holmes' fraud trial.
In November, the 39-year-old former CEO was sentenced to more than 11 years in federal prison for misleading investors about the speed, convenience and capability of high-tech blood tests developed by the Silicon Valley company she ran, Theranos.
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.
Holmes is appealing the decision; Balwani has been unsuccessful in his appeals.
Read the full story on NBCNews.com here.
Get Tri-state area news and weather forecasts to your inbox. Sign up for NBC New York newsletters.
