KATE THOMPSON DAVY: Holmes is where the art of fraud is
The Theranos court case shows that we might have lost the ability to discern the fantastical from the fantastic
Last week, while you were perhaps still lounging on a beach or, like me, begrudgingly back at your desk, a jury in California handed down a verdict in the case against Elizabeth Holmes, founder of now disgraced (and defunct) medtech start-up Theranos. On January 3, she was found guilty on four of the 11 charges and is awaiting sentencing, which may include jail time.
It was a sensational trial. Well, sometimes sensational, sometimes plodding and convoluted, as financial and fraud cases tend to be. Slow parts notwithstanding, people lined up around the block to have a chance to sit in on this trial, which — as the New York Times’s coverage put it — “came to symbolise the pitfalls of Silicon Valley’s culture of hustle, hype and greed”...