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SEC accuses Theranos CEO Elizabeth Holmes of ‘massive fraud’
NY Post ^
| March 14, 2018 | 1:20pm | Updated
| By Kevin Dugan
Posted on 03/14/2018 11:31:49 AM PDT by 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 companys 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.
(Excerpt) Read more at nypost.com ...
TOPICS: Business/Economy; Crime/Corruption; Miscellaneous; News/Current Events
KEYWORDS: holmes; mattis; sec; theranos
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Will Elon Musk be next? One can only hope.
1
posted on
03/14/2018 11:31:49 AM PDT
by
jerod
To: jerod
Good looks can be deceiving.
2
posted on
03/14/2018 11:32:47 AM PDT
by
jerod
(Nazi's were essentially Socialist in Hugo Boss uniforms... Get over it!)
To: jerod
3
posted on
03/14/2018 11:33:50 AM PDT
by
Ted Grant
To: jerod
>>Good looks can be deceiving.<<
Mediocre looks OTOH... I give her a 6.3
4
posted on
03/14/2018 11:35:29 AM PDT
by
freedumb2003
(obozo took 8 years to try to destroy us. Trump took 1 to rebuild us. MAGA!!)
To: jerod
But a woman who fears the Lord is to be praised
A Proverbs 31 woman she is not
5
posted on
03/14/2018 11:35:56 AM PDT
by
A_Former_Democrat
(Hey brainwashed students . . . where's your "outrage" @FBI? @BrowardSheriff? DO SOMETHING!!)
To: jerod
I wonder who will get to play her in the movie???
6
posted on
03/14/2018 11:37:43 AM PDT
by
rjsimmon
(The Tree of Liberty Thirsts)
To: jerod
Thanks so much for your support to this point... I personally apprecaite it...
FReepers, it's far beyond time to wrap up this FReep-a-thon. Lets do it today. Please chip in.
President Donald J. Trump and the Free Republic of the United States of America
President Donald J. Trump's address to the United Nations on 09/19/2017.
Ramirez political cartoon: Trade War LARGE VERSION 03/12/2018: LINK LINK to regular sized versions of his political cartoons (archive).
Garrison political cartoon: Gun Control Supporters LARGE VERSION 03/13/2018: LINK LINK (scroll down) to regular sized versions of his political cartoons (archive).
FReepers, 88.435% of the First Quarter FReep-a-thon goal has been met. Click above and pencil in your donation now. Please folks, lets end this FReepathon. Thank you!
...this is a general all-purpose message, and should not be seen as targeting any individual I am responding to...
Just $497.00 dollars to 89.00%
8
posted on
03/14/2018 11:43:33 AM PDT
by
DoughtyOne
(01/26/18 DJIA 30 stocks $26,616.71 48.794% > open 11/07/16 215.71 from 50% increase 1.2183 yrs..)
To: jerod; Liz; WildHighlander57; Jane Long
What is her connection to the Clintons ? Or other democrats ?
9
posted on
03/14/2018 11:43:46 AM PDT
by
hoosiermama
(When you open your heart to patriotism, there is no room for prejudice.DJT)
To: jerod
Yeah but she had the cool black turtlenecks!
Surely she was the ideal CEO for a biotech company!!!
10
posted on
03/14/2018 11:45:04 AM PDT
by
Enchante
(FusionGPS "dirty dossier" scandal links Hillary, FBI, CIA, Dept of Justice... "Deep State" is real)
To: Ted Grant
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
Im like Hebrew National on judging exterior attractiveness of babes
I give her a solid 7 to 8.5 depending on hair day
Shell be popular at Sappho FPC
THEY ALL DO IT...IN THE JOINT THAT IS...GIRLS
11
posted on
03/14/2018 11:46:50 AM PDT
by
wardaddy
(As a southerner I've never trusted the Grand Old Party.....any questions?)
To: jerod
The media loved that she was a young woman supposedly playing the game of male entrepreneurs like Gates or Zuckerberg. It blinded everyone involved.
12
posted on
03/14/2018 11:49:26 AM PDT
by
PGR88
To: jerod
Good looking enough to avoid jail.
13
posted on
03/14/2018 11:50:38 AM PDT
by
C19fan
To: wardaddy
I’m just saying she ain’t all that
To: C19fan
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.
15
posted on
03/14/2018 11:56:52 AM PDT
by
MichaelCorleone
(Jesus Christ is not a religion. He's the Truth.)
To: All
The only really relevant question to ask is here is...
“I wonder what Laz would do?”
To: jerod
Theranos and 34-year-old Holmes ran
an elaborate, years-long fraud in which they exaggerated or made false statements about the companys 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 companys technology, business, and financial performance, according to the SEC.
Sounds about right.
17
posted on
03/14/2018 11:57:29 AM PDT
by
jerod
(Nazi's were essentially Socialist in Hugo Boss uniforms... Get over it!)
To: wardaddy
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.
18
posted on
03/14/2018 12:00:55 PM PDT
by
MichaelCorleone
(Jesus Christ is not a religion. He's the Truth.)
To: jerod
19
posted on
03/14/2018 12:02:33 PM PDT
by
jerod
(Nazi's were essentially Socialist in Hugo Boss uniforms... Get over it!)
To: wardaddy
20
posted on
03/14/2018 12:03:16 PM PDT
by
Trevieze
(Messy desk is a sign of a messy mind. An empty desk is a sign of an empty mind!)
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