> The Justice Department was only interested in the case because Theranos operated in a highly regulated industry with lots of government oversight.
I don't think so. I think there were very powerful investors and others associated with the company (like board members) who were stung and embarrassed.
> SaaS and consumer tech startup founders lie and cheat and blow up investor money every day and no one really cares.
Do you have any roughly equivalent examples on the scale of the fraud and the people associated?
> All the wealthy investors gain nothing from Holmes going to jail. In fact the lengthy trial only drags them into the spotlight, which they'd rather stay clear of.
I disagree with this too. It's a good way to clear their names as it were ("we aren't greedy gullible idiots, she tricked us"), and a great way to send a message not to cross the ruling class.
I don't think so. I think there were very powerful investors and others associated with the company (like board members) who were stung and embarrassed.
> SaaS and consumer tech startup founders lie and cheat and blow up investor money every day and no one really cares.
Do you have any roughly equivalent examples on the scale of the fraud and the people associated?
> All the wealthy investors gain nothing from Holmes going to jail. In fact the lengthy trial only drags them into the spotlight, which they'd rather stay clear of.
I disagree with this too. It's a good way to clear their names as it were ("we aren't greedy gullible idiots, she tricked us"), and a great way to send a message not to cross the ruling class.