3 ms·
> why are we not also punishing the other CEO's of Silicon Valley companies for that kind of fraud? My response to her would be: be my guest. It is my understa
by sinyug 5y ago
> why are we not also punishing the other CEO's of Silicon Valley companies for that kind of fraud?
My response to her would be: be my guest. It is my understanding that the DOJ has a 90% success rate in obtaining convictions when the cases do go to trial.[1] What that means is, they would not pursue indictment unless they are convinced of success.
> they're lumped together under fraud
There is this weird thing called wire fraud that can be used to charge almost anyone with anything as it pertains to communication over the wire. That part of the law is what Holmes and Balwani have been accused of violating.[2]
[1] https://www.pewresearch.org/fact-tank/2019/06/11/only-2-of-federal-criminal-defendants-go-to-trial-and-most-who-do-are-found-guilty/ https://www.pewresearch.org/fact-tank/2019/06/11/only-2-of-f...
[2] https://www.justice.gov/usao-ndca/pr/theranos-founder-and-former-chief-operating-officer-charged-alleged-wire-fraud-schemes https://www.justice.gov/usao-ndca/pr/theranos-founder-and-fo...