Posted on 01/03/2022 4:46:54 PM PST by navysealdad
Theranos founder Elizabeth Holmes has been found guilty on 4 counts of wire fraud and conspiracy to commit wire fraud after 7 days of jury deliberation. Jurors found her not guilty on four other counts and failed to reach a verdict on three others. Her trial spanned more than four months and featured bombshell testimony from investors, ex-employees, and Holmes herself.
(Excerpt) Read more at msn.com ...
I almost said that she created an image of being the young female Steve Jobs, with her ‘I wear the same thing every day’ black shirt and, instead of jeans, khakis. This when everyone was worshipping Steve Jobs like he was some sort of tech messiah. She played those fools like a fiddle.
“Bad Blood” was an interesting book about her.
Equal opportunity among stock fraudsters, a market that had previously been cornered by a certain ethnicity of white males.
The difference is that he was and made insanely great products.
Under the Federal Sentencing Guidelines, she is most likely to get about 15 years (with no parole eligibility in federal court).
I honestly believe the feds no longer have ANY guildelines.. The DOJ has completly broken down, and they do pretty much as they damned well please.. :(
Will she start speaking in her regular voice from now on?
The bottom fell out way back in 2015 (as detailed in your link). That would have been the time to bail if she was going to do it. The SEC didn't step in until two and a half years later.
Even Martha had to serve time.
https://apnews.com/article/elizabeth-holmes-trial-theranos-ceo-fb79a29d3c426a5cadee7ec5734b6f24
Way too good looking? Have you seen that woman’s eyes and facial expressions? She’s Mark Zuckerberg in a blonde wig and black turtleneck! And she had a voice to match, too.
She knew her machines didn’t work and what blood they did process (they had a contract with Walgreens, IIRC) they did it with conventional blood testing machines. It was a scam and she knew every bit of it
“The bottom fell out way back in 2015”
Then the only question is how much did she squirrel away in off shore accounts before the bottom dropped out. She probably has millions hidden away in the Caymans.
If she was smart she would have done that. I don't get that impression of her though. I think she was delusional. I think in her mind she thought they would eventually work out the bugs and then all the lies would be covered up and everything would be OK.
I was a software developer for thirty years. People get a fantasy of great wealth and success in their heads and sometimes it takes a sheriff with an eviction order to shake them out of it.
They’re in a safe on Epstein’s Island...
I have been thinking about this.
Having been in “bad” companies before, Theranos seems like among the worst. But it was NOT unique in the pharma sphere.
I read Bad Blood, and it amused me a bit. In some places, her actions would have lead to a revolt on the shop floor, but I gathered the west coast operates more on fear than other places.
My point is she got slammed because she defrauded the elite.
The financial press was so enthusiastic to pump up a self-made billionairess they made little attempt at the due diligence they would have subjected J. Random Dude who was making similar claims.
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