Elizabeth Holmes’ financial jeopardy: Will court cases leave Theranos founder ruined?
https://www.eastbaytimes.com/2020/01/19/elizabeth-holmes-financial-jeopardy-will-court-cases-leave-theranos-founder-ruined/
No matter what the jury’s decision in Elizabeth Holmes’ federal criminal trial this year, the fall of Theranos has become a massively expensive proposition for the Stanford University dropout.
With nine lawyers representing her on two fronts, her legal bills are mounting. In addition to a possible 20-year prison sentence, she’s facing up to $2.75 million in fines and possible restitution to investors the government says lost $700 million. And the federal government has said that if she’s found guilty, it will go after any ill-gotten money or assets she may have.