3 ms·
Since Elizabeth Holmes got 11 years as the head honcho of Theranos, I'm gonna wager "less than 11".
by Hamuko 3y ago
Since Elizabeth Holmes got 11 years as the head honcho of Theranos, I'm gonna wager "less than 11".
- blitzar 3y agoElizabeth Holmes only defrauded VCs; Caroline stole, gambled with and lost customer money. Bernard Madoff got 150 years for that.
- Hamuko 3y agoMadoff got charged with securities fraud, investment advisor fraud, mail fraud, wire fraud, money laundering, false statements, perjury, making false filings with the SEC, and theft from an employee benefit plan. Holmes was charged with wire fraud and conspiracy to commit wire fraud. Ellison is charged with wire fraud, money laundering, and conspiracy. I feel like Madoff are in a way different league than Holmes and Ellison. Ellison also didn't come up with the scheme (unlike Holmes and Madoff), and didn't even get equity if I read things right. She might be able to just don on her Sunday finest, cooperate with the feds and play the "I was manipulated by this megalomaniac douche" angle, since they were in a relationship and all.
- jowea 3y agoWait, didn't Holmes try that tactic too?
- jowea 3y agoHolmes' machine got used by consumers, although she was found not guilty on the charges related to that. And didn't FTX/Alameda ever lie to investors to convince them to invest? Like telling them they're separate? I'm surprised.