“Elizabeth Holmes Is Sentenced to More Than 11 Years for Fraud” – maybe Sam will meet the same fate?
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![]() | “Elizabeth Holmes, the founder of the failed blood-testing start-up Theranos, was sentenced to more than 11 years in prison on Friday for defrauding investors about her company’s technology and business dealings. [...] “I am devastated by my failings,” she said. “I have felt deep pain for what people went through because I failed them.” Ms. Holmes, who has a 1-year-old son and is pregnant with her second child, apologized to the investors, patients and employees of Theranos. She said she had tried to realize her dream too quickly and do too many things at once. [...] Exaggeration and hype are common among tech start-ups, but very few executives are indicted on fraud charges, let alone convicted and sent to prison. That trend may be changing as the Justice Department has said it plans to be more aggressive in its pursuit of white-collar criminals.” [link] [comments] |
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