Elizabeth Holmes ordered to pay massive restitution over fraud
Theranos founder Elizabeth Holmes and her co-accused and former lover Sunny Balwani were ordered late Tuesday to pay more than $450 million in restitution for defrauding investors. In a February court filing, a lawyer for Balwani attacked prosecutors' suggested restitution of more than $878 million as "beyond anyone's ability to pay," and asked Davila to…
This article is available to Insider Pro subscribers only.Sign in or register to be an Insider Pro and access ALL LOCKED articles.
Allstate Announces April 2023 Catastrophe Losses and Implemented Auto Rates – Form 8-K
Supreme Court disbars attorney facing prison for insurance fraud
Advisor News
- Diagnosing miscommunication in retirement planning
- Election creates an opportunity for advisor/client dialogue
- Trump 2.0: Planning around uncertainty
- MDRT study: Nearly half of financial advisors’ clients seek financial advice on social media
- EBRI study uncovers concerning trends in retirement spending
More Advisor NewsAnnuity News
- Third Quarter 2024 Statutory Financial Statement for Athene Annuity and Life Company
- Calif. insurance dept. slammed on alleged failure to provide annuity sales complaint data
- Area Insurance Professional Receives “Noble Achievement Award”
- Election creates an opportunity for advisor/client dialogue
- Luma Financial Technologies Expands into Life Insurance, Offering the First Integrated Technology Platform Solution for Life Insurance and Annuities
More Annuity NewsHealth/Employee Benefits News
- INTEGRIS may not honor Humana Advantage after this year
- It’s Medicare enrollment; learn about changes
- DHCS: California Health Care Roadmap Will Make Medi-Cal More Accessible, Member-Driven
- Analysis | How Trump's Election Could Impact Healthcare In Connecticut
- What to Know About TRICARE Costs and Changes This Open Season
More Health/Employee Benefits NewsLife Insurance News
- Third Quarter 2024 Statutory Financial Statement for Athene Annuity and Life Company
- Area Insurance Professional Receives “Noble Achievement Award”
- PFSL Fund Management Ltd. Announces Risk Rating Change for Primerica Income Fund
- AM Best Affirms Credit Ratings of Delphi Financial Group, Inc. and Its Subsidiaries
- Election creates an opportunity for advisor/client dialogue
More Life Insurance News