Elizabeth Holmes found guilty

Re:Elizabeth Holmes found guilty by jameson on Monday January 03, 2022 @07:44PM (#29789412)

Count six of wire fraud in connection with a wire transfer of $38,336,632 on or about Feb. 6, 2014: Guilty.

    Count seven of wire fraud in connection with a wire transfer of $99,999,984 on or about Oct. 31, 2014:Guilty.

    Count eight of wire fraud in connection with a wire transfer of $5,999,997 on or about Oct. 31, 2014: Guilty.

[ Parent | on HN ]

Re:Elizabeth Holmes found guilty by tevon on Monday January 03, 2022 @07:53PM (#29789527)

The $38m one likely has to do with share count or funds.

Often shares will be split %-wise between two or more funds. I.e. 22.5% goes to XYZ Fund 1, 85.5% goes to XYZ Fund 2. These % can be super specific and make it so wires go down to the cent.

[ Parent | on HN ]