Interesting to heard about Fraudster Elizabeth Holmes and her pending trial for Theranos. In another strange twist she is now blaming her ex-boyfriend and COO saying he coerced her and was under his spell. According to CNBC analyst Scott Cohn he said to Wilfred and Sarah about the Steve Jobs of Turtle Necks in the level of Fraud at Theranos.
The experts say it comes down to intent did she intend to commit fraud or was she under a spell? If she was in this silicon valley fake it till you make it culture and didnt believe there was a fraud or didn't really believe or intend that there was a fraud being committed than it was not a crime and she has a chance of getting off. This fake it till you make it and brand jacking culture is huge in the start up and entrepreneur world.
Can we blame Elizabeth Holmes based on the interview that just aired on CNBC? After hearing that you may think differently but if you watched the Netflix documentary detailing how they knowingly submitted bad tests and were giving people bad health advice it would be very hard to let her off scotch free.
I hope that justice will be served as there are a lot of great entrepreneurs in the healthcare space who are struggling to land deals because of scammers like Elizabeth Holmes and how that shook up the startup world and hurt female founders that looked up to her.
