Author: Blazingcatfur

Elizabeth Holmes, the 37-year-old disgraced founder of Theranos, has been convicted of four fraud charges for deceiving investors of $9billion and for bilking thousands of patients with inaccurate and false medical reports.

Holmes, a Stanford University dropout who founded Theranos in 2003 at age 19, duped thousands of patients with bogus claims her biotech startup company could conduct a full range of medical tests using blood from a simple finger prick.

She was convicted of four fraud counts on Monday night, and cleared of four others. Jurors were unable to decide verdicts on the three remaining charges she faced, with prosecutors now able to re-try Holmes on those counts if they wish to.

Very curious about the sentence she will draw.

In the old days, criminals understood if they were caught there would be consequences.

In today’s urban America, if you are a thief, why wouldn’t you smash a glass door or glass display case and grab all the merchandise you could? Seriously, why wouldn’t you? In the old days you wouldn’t because you would be scared that you would get caught.

In the past, “smash and grab” robberies occurred, but it was a very infrequent occurrence. It was rare because thieves understood if they were caught there would be consequences, and even punishment, perish the thought! A criminal would have to raise bail to be released. If not, he would have to spend weeks or even months in the slammer.