A forensic-accounting expert on how to treat the fraud epidemic
Encourage more insiders to spill the beans, says Kelly Richmond Pope
IT MARKS A spectacular fall from grace for a one-time Silicon Valley star. This week a court in California ruled that, Hail Mary appeals notwithstanding, Elizabeth Holmes must report to prison on May 30th to begin serving an 11-year sentence for fraud. Theranos, the startup Ms Holmes had founded in 2003, was worth $9bn at its peak but crashed after its much-vaunted blood-testing technology was shown not to work, and she ended up in the dock for deceiving investors.
From the May 27th 2023 edition
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