Theranos founder and former CEO Elizabeth Holmes was found guilty on two counts of wire fraud and two counts of conspiracy to commit fraud by a jury on Monday. Holmes faces up to 20 years in prison for each guilty count.
The fraud conviction of former Theranos CEO Elizabeth Holmes could offer Silicon Valley some valuable lessons about the dangers of hype and hiding problems.
Elizabeth Holmes was found guilty of four charges of fraud on Monday, capping the fall of a prominent entrepreneur in a case that came to represent hazards of Silicon Valley’s “fake it till you make it” ethos.
What people are saying?
Casey Newton If your argument is ‘Silicon Valley is a rotten culture and Theranos was therefore inevitable,’ my question is: which sector of the economy is so smart it can’t be snowed by pathological liars? and how do you account for all the investors who passed after due diligence?
ATLScene America has rounded a lot of bends lately. Between Elizabeth Holmes, Ghislaine Maxwell, Kim Potter..the system’s gatekeepers of choice are finally losing privilege .