London polygraph proves Elizabeth Holmes fraud
A London polygraph test could have found Elizabeth Holmes guilty of false claims sooner.
The case
The rise and fall of Theranos founder Elizabeth Holmes finally came to an end last Monday. A jury found the tech icon guilty of conspiracy to defraud investors, and guilty on three counts of wire fraud. Few in history have risen faster or fallen harder than the 37-year-old entrepreneur. Holmes built her multi-billion dollar company after dropping out of Stanford University in 2003 at the young age of 19.
The false claims
At only 19, Ms Holmes decided to reinvent a fundamental part of healthcare: blood testing. No more painful pinpricks, nor anxious waits for results. She dropped out of Stanford to start Theranos in 2003, and in short order pulled in some of the biggest investors in Sillicon Valley, garnered adoring magazine profiles and turned her start-up into a firm employing 800 staff and valued at £6.6bn.
The judgement
Holmes was found not guilty on several related charges by a jury that failed to reach a verdict on some charges. However, she now faces the real prospect of extended time behind bars. CNN reports that Holmes, whose trial had dragged on for months, faces 20 years in prison for each count. She also faces fines and restitution. Holmes’ fate now hangs with US District Judge Edward Davila, who will procide over her sentencing.
How a polygraph test could have helped
A London polygraph test could have proved Holmes guilty of lying. If the test had of been conducted during the early stages of Holmes making her claims, investors could have saved losing money in her stocks and shares. With the government now pushing polygraph testing to be a part of police investigations, Holmes would have been found guilty much sooner and the damage she caused would have been dramatically reduced.
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