Elizabeth Holmes Found Guilty of Four Charges of Fraud

[AdamGG]

11. Swindling Betsy DeVos was one of the 4 charges Holmes was convicted on

I'm glad that the jury found Elizabeth Holmes guilty on some of the charges (4/11), but she's clearly very guilty of all of them and I still view her as an example of white/white collar privilege. She will likely now spend years free, living her lavish lifestyle, while her lawyers mount multiple appeals.

If someone with desperate life circumstances robs $1,000 from a liquor store with a gun, they're going directly to prison to serve hard time. Massive corporate criminals, like the executives at Enron, if their appeals are exhausted, serve a fraction of the time in a much cushier facility.

The years of blatant, orchestrated deceit that Holmes coordinated, which put many patients' health in jeopardy, is a more impactful crime than robbing a liquor store. She should be behind bars today. Her defense tried to sway the jury with claims that she was in an abusive relationship, which has nothing to do with spending years orchestrating an elaborate con. And, no one would care if an inner city criminal behind a hold up had a less than ideal home life.

I hope the prosecution retries Holmes on the 3 counts that the jury was deadlocked on, but from the reporting I've seen, that's supposedly unlikely. Someone with her privilege and upbringing (she had close family connections with George Schultz) definitely knew what she was doing was wrong and had plenty of other opportunities where she didn't have to take this path.

She deserves to spend decades in prison, but I suspect that in the end, it will amount to, at most, a few years. Then, she'll probably write a book, or have some kind of post sentence career, like G. Gordon Liddy.