Elizabeth Holmes Fraud Verdict
Facts
- Theranos CEO Elizabeth Holmes has been found guilty of conspiracy to defraud.1
- Whistleblowers alerted the WSJ that Theranos' blood-testing technology didn't work.1
Sources: 1Federalist.
Narratives
- Right narrative, as provided by FOX News. Holmes' fraud was enabled by the era of advocacy journalism; prioritizing a progressive narrative over objective research built her image and made her product credible.
- Left narrative, as provided by Verge. Silicon Valley is dominated by a toxic entrepreneurial culture where investors have no incentive to expose fraud.