
Theranos founder Elizabeth Holmes’ prosecutor says fraudster’s case offers warning to Silicon Valley leaders
Fox News
Former prosecutor John Bostic urges Silicon Valley leaders not to be "imprecise or overly optimistic" after disgraced Theranos CEO Elizabeth Holmes' federal fraud conviction.
"The economy benefits from an active ecosystem of tech startups and investors," Bostic, who now works as a partner at the global law firm Cooley, told Fox News Digital. Julia Bonavita is a Fox News Digital Production Assistant for Photo and Video, and a Fox Flight Team drone pilot. You can follow her at @juliabonavita13 on all platforms.
"Investors need to approach even the most hyped investments with a dose of skepticism, and founders need to be vigilant in painting an accurate picture of their companies. That goes double in highly regulated industries like life sciences."