… The judge has a big decision to make. Silicon Valley executives will be watching with interest. Founders rarely end up getting convicted of fraud.
What happens to Holmes will be seen as a test case. Does corporate fraud in Silicon Valley end up with a slap on the wrist? Or does it mean serious jail time?
We are about to find out.
She defrauded a virtual who’s who list of very wealthy folks you would think should have known better but some ordinary people were hurt as well.
She is now well married and hey it’s California so anything is possible.
I bet SBF has an eye on this.
Elizabeth Holmes’s Sentencing: How Other White-Collar Criminals Fared
Elizabeth Holmes is scheduled to be sentenced on Friday, and the Theranos Inc. founder could be joining a list of notable white-collar criminals to serve time in prison.
Ms. Holmes was convicted in January on four counts of criminal fraud for deceiving investors while running a yearslong scheme at Theranos, the blood-testing startup where she was chief executive.
She faces up to 20 years in prison, plus fines, for each guilty count. Lawyers following the case have said she is unlikely to receive the maximum penalty, based on outcomes of other white-collar prosecutions.
