Elizabeth Holmes responds to feds’ demand she pay $878 million: Crimes didn’t kill Theranos

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 sentenced Holmes in November to more than 11 years in prison, ordering her to start imprisonment April 27, a date sh...