Theranos founder Elizabeth Holmes arrives at the Robert F. Peckham Federal Building and U.S. Courthouse in San Jose, Calif., on Friday, Nov. 18, 2022. (Dai Sugano/Bay Area News Group)
Theranos founder Elizabeth Holmes, fighting a $900 million restitution demand, claims her crimes were not proven to have caused her blood testing startup’s collapse, and her deceptions did not generate all the money investors poured into her firm.
Federal prosecutors last month filed a motion asking Judge Edward Davila to order Holmes, convicted in January 2022 of four counts of defrauding investors in her now-defunct Palo Alto startup, to pay $878 million in restitution. Davila