Elizabeth Holmes Conviction Leaves Justice Half Served
Her fraud trial gave us a front seat on white-collar crime, Silicon Valley culture, corporate governance failures and the nature of simple greed.
Personal charisma took Elizabeth Holmes a long way.
Photographer: Kimberly White/Getty Images North AmericaOn Monday, the charismatic founder of Theranos Inc., Elizabeth Holmes, was found guilty of criminal fraud for her role in building the blood-testing startup into a $9 billion company that collapsed in scandal. She was convicted of four out of 11 counts of conspiracy and wire fraud and acquitted of four counts. The jury didn’t reach a verdict on three of the counts. Holmes was found not guilty of all charges pertaining to defrauding patients.
Bloomberg Opinion columnist Bobby Ghosh was joined by columnist Tim O’Brien and Alex Gibney, director and producer of the 2019 documentary “The Inventor: Out for Blood in Silicon Valley” to discuss the verdict and what it means for Silicon Valley in a Twitter Spaces.