3 ms·

There's no real point in defending yourself in a civil trial if you can't afford the legal fees to start with (civil trials don't have criminal penalties -- you

There's no real point in defending yourself in a civil trial if you can't afford the legal fees to start with (civil trials don't have criminal penalties -- you'll just pay damages, worst case). Theory is she probably paid a lump sum for defense for her in criminal trial, which is absolutely the rational thing to do. Holmes will, best case, come out of this whole saga bankrupt but free. Whether you think this is appropriate punishment for defrauding rich investors is up to you. yes, there was also over/underdiagnosis in Arizona. That's not the criminal trial though

epistasis 7y ago
> Whether you think this is appropriate punishment for defrauding rich investors is up to you. Since you almost seem to be soliciting an opinion... I think that the investors also bear a huge amount of the blame for not doing enough due diligence and investing in a company that was so incredibly mismanaged and corrupt with cronyism. Without the ridiculous valuations and lack of oversight by experienced biotech hand, Holmes would never have been enabled to commit the "fraud" which was pretty evident to many outsiders after not much time at all. That an investigative journalist revealed the deception, rather than the board realizing it and changing course first, is a huge indictment of the investors' position in our economy of being able to make decisions with hundreds of millions of dollars at a go.
- ryandrake 7y ago
  Young, female founder, acts like the next Steve Jobs, claimed to have some kind of miracle technology... It was the perfect story. Every investor, board member, and media hack had the X-Files “I want to believe” poster hanging on their wall. They kind of deserved to get swindled. The patients, not so much...