Huh. The jury actually found Elizabeth Holmes guilty on some of the counts.
A federal jury found Theranos founder Elizabeth Holmes guilty on four of the 11 charges for a fraud scheme, delivering a verdict on the long-running controversy over her role in the now defunct blood-testing technology start-up and marking a big win for the government in its years-long probe into the entrepreneur.
The jury of eight men and four women returned their verdict on the seventh full day of deliberations. They found her not guilty on four counts and deadlocked on three counts. Holmes was acquitted on all counts involving patients. Holmes faces the possibility of jail time over the convictions, although a sentencing hearing has not been set at the time of the verdict.
That’s what I find interesting: she was found guilty of crimes against investors, but not crimes against all the people who were misled by Theranos’s claims. It was all those gullible Silicon Valley venture capitalists who were hurt, not all the people who went into Walgreen’s and got misleading, false test results. I guess that sort of makes sense, since Walgreen’s doesn’t care about their customers all that much — they sell homeopathic remedies, after all, and didn’t question the likelihood that a company with Henry Kissinger and George Shultz on the board might not have any medical competence.
I’m not surprised. It’s clear that the US government (even the judicial branch!) is in the pocket of the corporations, given their current policies which are all about putting the peasantry back to work no matter how sick they are. Even the Democratic party cares more about the health of Wall Street and Silicon Valley than of the citizenry.
Man, Holmes was such an obvious, unqualified phony from the get-go, yet she was briefly a billionaire. I am persuaded that Silicon Valley is mainly a pool of stupid people.