Elizabeth Holmes currently owes Theranos more than $25 million, according to a lawsuit.
The disgraced Theranos founder was sentenced last November to more than 11 years in prison for defrauding investors, after being convicted for her role in the blood-testing firm that collapsed after it was revealed its technology was largely fraudulent part.
And he allegedly still hasn’t paid the $25 million he owes, according to a lawsuit that was filed last December but only came to light Friday during Holmes’s latest court appearance.
according to demand reviewed Per CNBC, Holmes executed several IOUs during his time as CEO of Theranos. In 2011, he executed two promissory notes in August and December for an amount of $9,159,333.65 and $7,578,575.52, respectively. Then, in December 2013, Holmes executed a promissory note in the amount of $9,129,991.10.
Two of the payments were due in 2016, and the third note was due in 2018. According to the lawsuit, the board of directors of the fraudulent blood collection company extended the terms of the notes in July 2016 by five years, CNBC reports.
The initial two notes are due and payment on the third is due in December, according to the lawsuit.
“Theranos ABC demanded payment of Holmes’ Note #1 and Note #2, but Holmes did not pay any amount on account of the note,” the lawsuit says, CNBC reports.
Holmes, who was convicted of four counts of wire fraud and conspiracy to commit wire fraud, was ordered to turn himself in to prison on April 27. However, his lawyers have been trying to delay the start of his sentence, despite prosecutors arguing that Holmes should start serving the sentence instead of living in a California property with alleged monthly maintenance of more than $ 13,000.
Earlier this month, Holmes’ lawyers revealed that Holmes gave birth to her second child, less than two months after prosecutors argued that Holmes had made an “attempt to flee” the United States on a one-way ticket to Mexico after she was convicted last January.
