There is no doubt in my mind that former Theranos CEO Elizabeth Holmes will appeal the four charges she was convicted of: conspiracy to defraud investors and wire fraud. She still has the Silicon Valley mindset, after all: reality can be bent to your will. But what haveHolmes was found guilty on four of 11 counts after about 50 hours of deliberation. Those counts could be grouped, roughly, into defrauding patients and defrauding investors.
The easiest part of this case to prove was about money, and that was where the prosecution spent the bulk of its timePatients testified for far less time than investors and spent a little more than an hour total on the stand. Prosecutors also didn’t clearly tie the patients’ Theranos tests to Holmes. In a way, this made sense: there were more intermediaries between Holmes and the individual patients. Besides the patients’ individual doctors, there were also the personnel in the clinical lab, the lab directors, and so on. For the charges to stick, jurors had to believe Holmes hadWhen it came to the investors, prosecutors had Holmes dead to rights.
Most of Silicon Valley has no clue about biosciences and FDA approvals.
The Fed raising interest rates will likely do more to reign in VC excess than any criminal case would.
Next crooks Travis and Dara with Uber!
and then Mark Zuckerberg came to her rescue… I don’t know, these two should be a secret couple or something at the end. They look like each other for a start, that is just one reason...
Well, it should.
Because it has nothing to do with SV you doofus
Notwithstanding, a referendum on Silicon Valley culture and first indictment ever in its history.