Follies, Foibles and Falsehoods
Some liars make themselves famous for the wrong reasons, and all of the exposed liars make 2022 an annus mirabilis. Sunny Balwani is getting thirteen years in federal prison for misleading investors out of millions of dollars. Elizabeth Holmes who partnered with Balwani, was sentenced to eleven years for claiming her biotech firm Theranos could do things it, in fact, could not do. Sam Bankman-Fried faces a potential one-hundred fifteen year sentence in the federal slammer if he is convicted in federal court of bilking crypto investors out of billions of dollars. According to one of my law professors, going up against the Feds is almost always a losing proposition.
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