2 ms·
I get that investors should know any investment can go to 0. But she was defrauding them by outright lying about how well the tech worked and what it could do.
by gigatexal 5y ago
I get that investors should know any investment can go to 0. But she was defrauding them by outright lying about how well the tech worked and what it could do. This verdict I think restores that contract between entrepreneurs and investors by saying if both invest in good faith then the whole thing works out. Otherwise we allow grifters like her and her business partner to suck good money out of the system. Now future folks who would try to do the same have this verdict to look at.
Patients who were wronged by the company did get screwed though. Such is the nature of trials by jury sometimes the jury doesn’t come through.