SEC accuses Theranos CEO Elizabeth Holmes of ‘massive fraud’

NY Post ^ | March 14, 2018 | 1:20pm | Updated | By Kevin Dugan

[jerod]

Elizabeth Holmes — the Silicon Valley wunderkind whose blood-testing startup Theranos has collapsed in a slew of scandals — has been charged with “massive fraud” by the Securities and Exchange Commission.

The SEC on Wednesday accused Theranos CEO Holmes and a top lieutenant of defrauding investors of more than $700 million through false claims about its blood-testing technology.

Theranos and 34-year-old Holmes ran “an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance,” according to the SEC.

While Theranos had said it was on track to make $100 million by the end of 2014, the real figure was closer to $1 million, according to the SEC. And, contrary to what Theranos told investors about the Department Defense using its blood tests, they were “never deployed by the DOD in the battlefield, in Afghanistan, or on medevac helicopters,” according to the settlement.

[jerod]

Will Elon Musk be next? One can only hope.

[jerod]

Good looks can be deceiving.

[Ted Grant]

She ain’t all that.

[freedumb2003]

>>Good looks can be deceiving.<<

Mediocre looks OTOH... I give her a 6.3

[A_Former_Democrat]

But a woman who fears the Lord is to be praised

A Proverbs 31 woman she is not

[rjsimmon]

I wonder who will get to play her in the movie???

[ButThreeLeftsDo]

Also...

http://www.freerepublic.com/focus/f-news/3639645/posts

[DoughtyOne]

Thanks so much for your support to this point... I personally apprecaite it...
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Just $497.00 dollars to 89.00%

[hoosiermama]

What is her connection to the Clintons ? Or other democrats ?

[Enchante]

Yeah but she had the cool black turtlenecks!

Surely she was the ideal CEO for a biotech company!!!

[wardaddy]

Freepers love to bash attractive women as mediocre

Is this cat lady sniping or pissed off single guys

This Elizabeth Holmes girl is indeed attractive by objective standards

And I wardaddy lover of women....am the final authority on the matter

I’m like Hebrew National on judging exterior attractiveness of babes

I give her a solid 7 to 8.5 depending on hair day

She’ll be popular at Sappho FPC

THEY ALL DO IT...IN THE JOINT THAT IS...GIRLS

[PGR88]

The media loved that she was a young woman supposedly playing the game of male entrepreneurs like Gates or Zuckerberg. It blinded everyone involved.

[C19fan]

Good looking enough to avoid jail.

[Ted Grant]

I’m just saying she ain’t all that

[MichaelCorleone]

I think her get-out-of-jail free card was her long association with the Clinton Global Initiative. There are photos of her yuking it up with her old pal Bill on stage.

FOB/FOH apparently keeps one immune from real punishment for wrongdoing.

[MplsSteve]

The only really relevant question to ask is here is...

“I wonder what Laz would do?”

[jerod]

Theranos and 34-year-old Holmes ran “an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance,” according to the SEC.

Would you be surprised to the same above statement used in relation to Elon?

Elon Musk ran “an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance,” according to the SEC.

Sounds about right.

[MichaelCorleone]

Wardaddy - everyone has different tastes in the opposite sex. And it also is a function of the types of people the FReepers you’re referring to have dated in the past.

Incidentally, I have seen many flattering comments on women in the past. Maybe you have just missed them.

[jerod]

Tesla employees say automaker is churning out a high volume of flawed parts requiring costly rework

Viola...

https://www.cnbc.com/2018/03/14/tesla-manufacturing-high-volume-of-flawed-parts-employees.html

[Trevieze]

Mel Brooks said it best!