Elizabeth Holmes had media buzz, not a business. These are her unindicted co-conspirators

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The conviction of Elizabeth Holmes in four out of 11 counts was a measured verdict by the jury which spent weeks combing through the debris from her epic fall.

Indeed, as with other high-profile cases in 2021, this jury showed our system at its best in carefully deliberating and reaching balanced conclusions. The jury saw criminal fraud in Holmes’s dealings with investors while rejecting such claims with regard to patients. (The jury also hung on three counts.) 

ELIZABETH HOLMES FOUND GUILTY ON 4 OF 11 CHARGES, JURY COULD NOT REACH VERDICT ON 3

Theranos founder and former CEO Elizabeth Holmes, center, walks with her partner Billy Evans and her mother Noel Holmes as they leave the Robert F. Peckham Federal Building on Jan. 3, 2022 in San Jose, California. (David Odisho/Getty Images)

The distinction between the investors and patients was nuanced but principled. What the jury did not consider are those who helped Holmes create her elaborate scam. In many ways, the conviction is an indictment of those in business and the media who helped create the massive fraud that was Elizabeth Holmes.

Holmes was convicted of defrauding investors with false claims that

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