alt Hacker News> But the thing that often gets lost in the retelling of her story is that Holmes was actually acquitted of all four charges related to defrauding patients. She’s in prison because a jury found that she knowingly misled investors who poured more than $700 million into the startup.
trying to minimize fraud? what a weird article.
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Indeed. While she's not on the leaderboard of worst humans ever, she's still up there. Any whitewashing of her reputation is bogus.
What gets lost more is that Balwani was convicted of defrauding patients, so it's not even like Theranos was absolved of those charges. The kicker is that the CEO and co-founder of a company that has been established to willfully defraud patients somehow managed to escape conviction.
Also, just because the jury didn't think there was enough evidence to convict her of defrauding patients (beyond reasonable doubt), doesn't mean she was innocent.
This point is also clearly made in the film. Sounds like the article has nothing to say and just wants to leech off the success and attention of the doc.
I mean in do you really have a lot of sympathy for the oligarchic tax advantaged zombie family hedge funds that made a bet and lost?
They didn't do their diligence and do kinda deserve to lose their money.
For context for others, Holmes was acquitted of defrauding patients. A juror stated that she was acquitted because Holmes didn't directly interact with the patients. On the other hand, she did directly interact with investors, so the evidence was much clearer.
Separately, Theranos' COO and Holmes' boyfriend at the time was convicted by a separate jury for defrauding patients. Theranos also settled multiple lawsuits for ~$50M and declared bankruptcy soon after.