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A line that can’t be crossed’: Elizabeth Holmes’ prosecutor on her fraud case, and lessons for Silicon Valley
Holmes, 41, was convicted in January 2022 on four counts of felony fraud, for defrauding investors in her now-defunct Palo Alto blood-testing startup out of hundreds of millions of dollars.
“The takeaways are fairly apparent,” said John Bostic, now a lawyer for a prominent Bay Area law firm, who at the end of Holmes’ trial called her a CEO “so afraid of failure, that she was willing to do anything.” He met with this news organization Tuesday to discuss Holmes’ failed appeal, and the criminal case and four-month trial that led up to it. The Theranos case is a reminder obviously that there is a line that can’t be crossed there, and that it’s really important to be cautious, and careful and honest in communications about new technology, (and) the accomplishments of the company.
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