[probably_wrong]

Not only did she raise a lot of money and good PR without a product, but she also kept the company running for so long that it's almost old enough to drink. I can definitely imagine worse CEOs on a board.

I mean, sure, the truth eventually came out. But I doubt "honesty" is at the top 10 priorities of most big companies.

[tomkarlo]

Yes, but she did so in part by using fraud and deception. When you're an early stage company trying to raise money from investors there's a large component of "trust us to do the right things with your money" that is going to be hard to sell investors with her on the board.