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Elizabeth Holmes verdict: Guilty of four counts of defrauding investors through failed blood-testing company

Original post made on Jan 4, 2022

Former Theranos CEO Elizabeth Holmes has been found guilty of four counts of defrauding investors and not guilty of four counts. The jury was unable to reach a verdict on the remaining three wire fraud charges.

Read the full story here Web Link posted Monday, January 3, 2022, 5:55 PM

Comments (1)

Posted by Seth Neumann
a resident of Waverly Park
on Jan 4, 2022 at 3:22 pm

Seth Neumann is a registered user.

Having been in and around the software business here for most of my career, I find myself asking "what's the big deal? I see OLD white GUYS engaging in this kind of behavior all the time and the general reaction is that the victims were qualified investors, should have understood the risks, and should have done their due diligence. What is different other than that Ms Holmes is (or was at the time) a YOUNG white WOMAN? If the prosecutors were trying to enforce some kind of ethics in fund raising, why start with her?

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