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The Theranos lady is yet to face consequences for her fraud and since this is financial fraud, there is every chance she might plead guilty and evade any jail t

The Theranos lady is yet to face consequences for her fraud and since this is financial fraud, there is every chance she might plead guilty and evade any jail time. In such a scenario there is every possible incentive for copy cats to emerge. She is not the first fraudster but feels like the first one to cheat startup investors at such a large scale.

ipsum2 6y ago
> Holmes settled the charges by paying a $500,000 fine, returning 18.9 million shares to the company, relinquishing her voting control of Theranos, and being barred from serving as an officer or director of a public company for ten years Besides her name being synonymous with fraud, these seem like consequences to me. Also, her criminal case hasn't even taken place yet. (Scheduled for Aug 2021)
- sombremesa 6y ago
  > barred from serving as an officer or director of a public company for ten years So technically Theranos Pt. 2 is still on the cards for her.
FounderBurr 6y ago
I’m guessing she still wakes up in a beautiful room on thousand thread count sheets. Oh the suffering.
koheripbal 6y ago
> is yet to face consequences Aside from the destruction of her career (justified), it is extremely unlikely that she won't face very serious consequences given the mountain of evidence. It's also strange that you think "consequences" are not meaningful if they do not include jail time. Non-violent offenders spending time in jail is not the mark of a healthy society. Financial punishments, travel restrictions, restitution, community service, probationary requirements, future joblessness - all of these are "real" punishments. It is absolutely still a deterrent to anyone thinking of "copy-cat" her failure. She will likely not emerge from this with anything other than personal bankruptcy, and ongoing non-disposable restitution. What is the point of incarceration of non-violent offenders? Let the legal system work before you lay judgement on it. It is intentionally slow in order to be deliberate and consistent. I don't subscribe to the mob-mentality that non-violent white collar offenders deserve long jail sentences.

ipsum2 6y ago

> Holmes settled the charges by paying a $500,000 fine, returning 18.9 million shares to the company, relinquishing her voting control of Theranos, and being barred from serving as an officer or director of a public company for ten years Besides her name being synonymous with fraud, these seem like consequences to me. Also, her criminal case hasn't even taken place yet. (Scheduled for Aug 2021)

sombremesa 6y ago
> barred from serving as an officer or director of a public company for ten years So technically Theranos Pt. 2 is still on the cards for her.

FounderBurr 6y ago

I’m guessing she still wakes up in a beautiful room on thousand thread count sheets. Oh the suffering.

koheripbal 6y ago

> is yet to face consequences Aside from the destruction of her career (justified), it is extremely unlikely that she won't face very serious consequences given the mountain of evidence. It's also strange that you think "consequences" are not meaningful if they do not include jail time. Non-violent offenders spending time in jail is not the mark of a healthy society. Financial punishments, travel restrictions, restitution, community service, probationary requirements, future joblessness - all of these are "real" punishments. It is absolutely still a deterrent to anyone thinking of "copy-cat" her failure. She will likely not emerge from this with anything other than personal bankruptcy, and ongoing non-disposable restitution. What is the point of incarceration of non-violent offenders? Let the legal system work before you lay judgement on it. It is intentionally slow in order to be deliberate and consistent. I don't subscribe to the mob-mentality that non-violent white collar offenders deserve long jail sentences.