4 ms·

Her wealth was all on paper, that paper being equity in Theranos. By the time she was indicted her net worth was listed as zero.

rkagerer 3y ago
In that case will this restitution likely never be paid?
- azernik 3y ago
  Some might, if they go after her new husband's rather substantial property.
  - highwaylights 3y ago
    Can they do that? Genuinely unsure how US law works in this scenario. If the assets are in her husbands name, and are clearly not proceeds of the Theranos saga, can they be seized? (Especially given that they came into her life after all of this). My assumption would have been that she’d essentially remain penniless in her own name until after any limitations of claims had expired (20 years I believe from elsewhere in the thread) and the debt had been written off. Also does she spend the 11 years in jail or is it a half in/half out thing? I imagine there’s a lot of ways this still gets argued down to a much shorter time period but admittedly IANAL.
    - jjeaff 3y ago
      I think you usually can go after the spouse's assets. But it seems less likely to be a viable avenue in this case since she met and married him after she was indicted.
  - fastball 3y ago
    Seems unlikely they'll be able to do that, given they married after all the fraud took place, and I doubt Billy Evans would be stupid enough to put her name on any joint accounts or similar.
1vuio0pswjnm7 3y ago
She could probably sell her old turtlenecks on Ebay. Perhaps she'll sell us a biography. But how can anyone believe any story coming from Elizabeth Holmes. She has some serious credibility problems. The sentencing judge believed her when she said she bought a one way ticket to Mexico after she was convicted to attend a friend's wedding, not to flee from incarceration. I believe the judge also referred to her as "brilliant", omitting the words "con artist".
somedude895 3y ago
Since entrepreneurs often take out loans with their equity as collateral it's likely she's actually negative zero.

rkagerer 3y ago

In that case will this restitution likely never be paid?

azernik 3y ago
Some might, if they go after her new husband's rather substantial property.
- highwaylights 3y ago
  Can they do that? Genuinely unsure how US law works in this scenario. If the assets are in her husbands name, and are clearly not proceeds of the Theranos saga, can they be seized? (Especially given that they came into her life after all of this). My assumption would have been that she’d essentially remain penniless in her own name until after any limitations of claims had expired (20 years I believe from elsewhere in the thread) and the debt had been written off. Also does she spend the 11 years in jail or is it a half in/half out thing? I imagine there’s a lot of ways this still gets argued down to a much shorter time period but admittedly IANAL.
  - jjeaff 3y ago
    I think you usually can go after the spouse's assets. But it seems less likely to be a viable avenue in this case since she met and married him after she was indicted.
- fastball 3y ago
  Seems unlikely they'll be able to do that, given they married after all the fraud took place, and I doubt Billy Evans would be stupid enough to put her name on any joint accounts or similar.

1vuio0pswjnm7 3y ago

She could probably sell her old turtlenecks on Ebay. Perhaps she'll sell us a biography. But how can anyone believe any story coming from Elizabeth Holmes. She has some serious credibility problems. The sentencing judge believed her when she said she bought a one way ticket to Mexico after she was convicted to attend a friend's wedding, not to flee from incarceration. I believe the judge also referred to her as "brilliant", omitting the words "con artist".

somedude895 3y ago

Since entrepreneurs often take out loans with their equity as collateral it's likely she's actually negative zero.