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Theranos founder Elizabeth Holmes on trial as jury selection begins
Holmes faces up to 20 years in prison if convicted.arstechnica.com
Interesting argument, but she's probably going to be made an example of has a warning or to stop other Founders/CEO's from doing similar wrong, Something likeWould you rather be a failure or a fraud? Judging by the opening statements in Elizabeth Holmes’ wire fraud trial, those seem to be Holmes’ options. Here’s Robert Leach, assistant U.S. attorney, who is prosecuting the case against Holmes: “This is a case about fraud, about lying and cheating to get money,” Leach says. “That’s a crime on Main Street and a crime in Silicon Valley.” But according to Lance Wade, Holmes’ attorney, Holmes is just another failed startup leader: “In the end, Theranos failed. And Ms. Holmes walked away with nothing. But failure is not a crime.”
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