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posted by martyb on Wednesday January 05 2022, @04:23AM   Printer-friendly
from the the-harder-they-fall dept.

Elizabeth Holmes Found Guilty on 4 of 11 Charges

Elizabeth Holmes found guilty on 4 of 11 charges:

Elizabeth Holmes was convicted today of three counts of criminal wire fraud and one count of criminal conspiracy to commit wire fraud. The jury delivered its verdict after six days of deliberation.

The government's victory in the case is a rare rebuke for tech startups, which often pitch investors on their technological prowess and business acumen using wildly optimistic assumptions.

Theranos was, perhaps, an extreme example, raising over $900 million on the back of claims that its proprietary tests were better, cheaper, and less invasive than the competition. None of those claims was true, and unlike many other Silicon Valley startups, the health and safety of patients was on the line.

Holmes was found guilty of defrauding Lakeshore Capital Management (the family office of the DeVoses) of $100 million, PFM Healthcare (a hedge fund) of $38 million, and an LLC connected to Daniel Mosley (Henry Kissinger's former estate attorney) of $6 million. She was also convicted of conspiracy to commit wire fraud against Theranos investors more generally. On three charges, all alleging wire fraud against investors, the jury returned no verdict. Holmes was acquitted of all other charges, including those that involved defrauding patients. She faces up to 20 years in prison.

With the guilty verdict, Holmes, the founder of the company, is the first Theranos executive to be held criminally responsible for her actions, though she may not be the last.


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  • (Score: 3, Interesting) by krishnoid on Wednesday January 05 2022, @04:51AM (12 children)

    by krishnoid (1156) on Wednesday January 05 2022, @04:51AM (#1210052)

    Can anyone find her full 2014 TED talk anywhere? As soon as you hear a few words out of her mouth in this clip, you have to assume she either had a medical condition, surgery, or was faking it [youtu.be] ... 'bro'?

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  • (Score: 3, Informative) by drussell on Wednesday January 05 2022, @05:36AM (3 children)

    by drussell (2678) Subscriber Badge on Wednesday January 05 2022, @05:36AM (#1210060) Journal
    • (Score: 0) by Anonymous Coward on Wednesday January 05 2022, @07:57PM (2 children)

      by Anonymous Coward on Wednesday January 05 2022, @07:57PM (#1210231)

      Oh that shit is hilarious. I could only stand like 20 seconds though. What a dumb whore. She should get a reduced sentence if she agrees to be perpetually sexually available to everyone she screwed. She can't use the voice though. It's scary.

      • (Score: 0) by Anonymous Coward on Thursday January 06 2022, @01:08AM (1 child)

        by Anonymous Coward on Thursday January 06 2022, @01:08AM (#1210381)

        You're a creepy, disgusting person.

        • (Score: 0) by Anonymous Coward on Thursday January 06 2022, @01:25AM

          by Anonymous Coward on Thursday January 06 2022, @01:25AM (#1210386)

          But not wrong.

  • (Score: 0) by Anonymous Coward on Wednesday January 05 2022, @09:23AM (4 children)

    by Anonymous Coward on Wednesday January 05 2022, @09:23AM (#1210079)

    Finally saw her on a TV clip last night. Sounfs trans or a guy doing drag. The turtle neck fetish would be a convenient way to hide an adam's apple. "oh, she had a baby in the last year?" Did she actually have it, or ws this adopted/surrogate?

    Because that voice just screams "I'm a guy."

    • (Score: 4, Interesting) by Thexalon on Wednesday January 05 2022, @02:04PM (2 children)

      by Thexalon (636) on Wednesday January 05 2022, @02:04PM (#1210111)

      She's not trans: She is an assigned-female-at-birth cisgender woman.

      Her low voice was something she intentionally adopted, because apparently she learned somewhere that people with internal biases against women are more likely to believe things said at a lower pitch. She might well be right about that, since her technique by all appearances worked until reality caught up with the fact that her stuff never worked.

      --
      Alcohol makes the world go round ... and round and round.
      • (Score: 2) by krishnoid on Wednesday January 05 2022, @06:55PM

        by krishnoid (1156) on Wednesday January 05 2022, @06:55PM (#1210209)

        In that case, I'll ruin the video forever for anyone who watches it:


        Close your eyes, and when she pauses at the end of a sentence, mentally add ", bro."

        Still, probably a good test for how much content a given speech actually has in it.

      • (Score: 0) by Anonymous Coward on Wednesday January 05 2022, @11:11PM

        by Anonymous Coward on Wednesday January 05 2022, @11:11PM (#1210331)

        If you pay attention to politics and media, a number of politicians and talking heads, both male and female, do the exact same thing.

    • (Score: 2) by drussell on Wednesday January 05 2022, @02:38PM

      by drussell (2678) Subscriber Badge on Wednesday January 05 2022, @02:38PM (#1210119) Journal

      "Elizabeth Holmes Accidentally uses REAL VOICE !!"
      https://youtu.be/PjnsYz-xdOI [youtu.be]

  • (Score: 2) by Beryllium Sphere (r) on Wednesday January 05 2022, @05:06PM (2 children)

    by Beryllium Sphere (r) (5062) on Wednesday January 05 2022, @05:06PM (#1210171)

    She is supposed to have "charisma". People responded like they were hearing the Voice of Saruman.

    Big investors should take someone on the spectrum to meetings who can see through that.

    • (Score: 2) by krishnoid on Wednesday January 05 2022, @06:52PM

      by krishnoid (1156) on Wednesday January 05 2022, @06:52PM (#1210207)

      Or anyone who will actually wake up during a meeting and accidentally choke on a little drool when anything falsifiable and heretofore unknown is mentioned. You could even dress them in yellow so they actually look the part of a canary.

    • (Score: 2) by krishnoid on Wednesday January 05 2022, @07:35PM

      by krishnoid (1156) on Wednesday January 05 2022, @07:35PM (#1210221)

      Saruman, or ... you know, I bet this is *exactly* how [youtu.be] a few of the major investor meetings went down. You know, without the actual gunfire and physical restraints.