Elizabeth Holmes sentenced to 11.25 years in prison | Hacker News Reader

Elizabeth Holmes sentenced to 11.25 years in prison

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21 pointschrononaut19 comments

What's the opposite of imposter syndrome? Some people like Holmes, SBF and Trump are so convinced of their superior knowledge that they can't see that they are really bad at what they do

Edit: megalomania

delusion about one's own power or importance (typically as a symptom of manic or paranoid disorder).

Don't forget Elon

It's less than some people got for marijuana offenses.

There really ought to be a federal death penalty for egregious white collar crime.

It's federal so she'll do at least 85% of it tho.

I think for financial crimes for every $10k you should have to spend 1 day in jail.

She also doesn't have to surrender until april 27th. Its nice to be wealthy.

There are literally 0 people currently in federal prison because of marijuana ~offenses~ EDIT: possession.

Huh?

https://www.reuters.com/world/us/us-marijuana-pardons-help-t...

I think people are just referring to different things.

>Biden's pardons announced Oct. 6 affect about 6,500 people convicted of cannabis possession at the federal level. None remain in prison.

>Biden's pardon does not affect some 3,000 people convicted of higher level marijuana crimes who remain in federal prisons

Ok, of possession I should have said

> Biden's pardons announced Oct. 6 affect about 6,500 people convicted of cannabis possession at the federal level. None remain in prison. Without a felony on their record, they won't be tripped up when applying for a job or trying to rent an apartment.

Biden pardoned all federal offenses of simple marijuana possession, but it doesn't apply going forward. The DoJ's prosecutors will happily continue charging people with possession of a schedule I substance until the DEA changes the scheduling.

And many states still have people in prison for weed.

The part that sort of gets me here is that given that she wasn’t convicted of patient harm (questionable, but that’s the verdict), I don’t have any real interest in sending her to prison for defrauding investors.

The investors were wealthy morons who invested with 0 research on the technical feasibility of the company. They deserved what they got. Do some due diligence next time.

Quite the opposite, MORE people need to go to prison for fraud on this level, too often these people get off with a slap on the wrist, some house arrest..and they end up setting up shop somewhere else. You don't know every person that gave Theranos money, there is a very good chance there were some average people who got burned pretty badly.

Basically no amount of due diligence can protect against all out fraud.

If ask for information and data but they provide lies and fake data, what do you expect?

An audit from a third, independent party.

Audit what? Fake books and data?

Yes. Auditors should verify the books against third party sources. For example, inquire customers and vendors to verify transactions with them, verify actual bank records, verify fiduciary accounts, etc.

Inspirational. I know a lot of semi-wealthy morons who will invest. This idea can scale. Will you be my judge?

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