The closest example I can think of is Trevor Milton of Nikola. He was convicted of almost exactly the same thing as Elizabeth Holmes: https://www.npr.org/2022/1

The closest example I can think of is Trevor Milton of Nikola. He was convicted of almost exactly the same thing as Elizabeth Holmes: https://www.npr.org/2022/10/14/1129248846/nikola-founder-electric-trucks-guilty-fraud https://www.npr.org/2022/10/14/1129248846/nikola-founder-ele... The people that invested in and defend Holmes know nothing about biotech. The people that do know avoided Theranos/Holmes: https://www.mercurynews.com/2019/06/03/she-saw-through-elizabeth-holmes-now-stanford-professor-is-star-in-theranos-saga/ https://www.mercurynews.com/2019/06/03/she-saw-through-eliza.... > I’m not the only person. A lot of the people in the Valley were skeptics. The venture capitalists didn’t believe her for a second. She’d wave her arms and they’d say, “We have to know how this works.” And she’d say, “It’s a trade secret.” And they’d say, “Get out of here.” > No. I just thought everybody was crazy. I mean, look at the board, that’s insane. That’s not corporate feasance, that’s malfeasance to have a board that knows nothing about any of this.