By now, everyone knows that the former wunderkind of Silicon Valley and media darling Elizabeth Holmes has been found guilty of four of the eleven counts against her in a California federal court. Sentencing is pending, but jail time is likely. If Martha Stewart got 6 months for lying to the feds, Elizabeth ought to be put away for a lot longer for defrauding investors.
Ms. Holmes was the CEO of the now defunct company that had promised to reinvent blood testing using microscopic amounts of blood to do over 100 separate tests. The Theranos technology never worked and Elizabeth’s main defense was that she didn’t know enough about the science to know she was over-promising and if she did, her abusive live-in relationship with Sunny Balwani, her second in command, made her do it. Mr. Bulwani will have his own trial later this year.