Why the World’s Youngest Self-Made Female Billionaire May Be in Big Trouble

[clamum]

So says every cell block top bitch waiting for her in the showers.

Poor Elizabeth gon git raped

 

[madoka]

As I just said in a YouTube video, "I don't even care about her fraud, I just want to hug her and console her and tell her everything will be ok. COME TO ME ELIZABETH, I'LL TAKE CARE OF YOU" <3

This guy turned out to be her secret boyfriend and that was while she was a billionaire on top of the world, so you definitely have a shot:

 

[GagHalfrunt]

This guy turned out to be her secret boyfriend and that was while she was a billionaire on top of the world, so you definitely have a shot:

You definitely have a shot if you have $100 million, good connections to even richer people in the tech sector willing to invest and a willingness to commit massive fraud and spend the rest of your life in jail. Otherwise, no, you don't have a shot.

 

[SKORPI0]

So massive fraud and with unreliable diagnosis where peoples lives at stake/getting the wrong treatment on a supposedly tech that was closely guarded on how it actually worked.
Could victims sue her for what was potentially life threatening? Baring her is not enough, she belongs in jail for a long time.

 

[Greenman]

So massive fraud and with unreliable diagnosis where peoples lives at stake/getting the wrong treatment on a supposedly tech that was closely guarded on how it actually worked.
Could victims sue her for what was potentially life threatening? Baring her is not enough, she belongs in jail for a long time.

And she gets to keep the billion dollars she stole. Pretty sweet deal for her.

 

[dud]

Looks like Ms. Holmes is going down ... and that might involve a long stay in prison:


https://www.reuters.com/article/us-...er-president-indicted-for-fraud-idUSKBN1JB2WP


Holmes indicted for fraud ...

 

[William Gaatjes]

This guy turned out to be her secret boyfriend and that was while she was a billionaire on top of the world, so you definitely have a shot:

EEEW !

 

[clamum]

Otherwise, no, you don't have a shot.

fml

 

[zinfamous]

So massive fraud and with unreliable diagnosis where peoples lives at stake/getting the wrong treatment on a supposedly tech that was closely guarded on how it actually worked.
Could victims sue her for what was potentially life threatening? Baring her is not enough, she belongs in jail for a long time.

This tech never made it to trial, because it never worked.

No humans were ever tested, AFAIK. So, no such victims. It was just loan/bank fraud? I don't know...what do you call it when you convince a bunch of ignorant, idealistic billionaires with no brains for science to give you shit-tons of money for an improvable piece of tech, and not a single member of the medical field ever available or willing to verify it?

...is it just a good start, separating such fools from their money such that lessons will be learned? I dunno, tbh.

 

[snoopy7548]

Something is just off about her face. It always looks like she has a mask on.

 

[SKORPI0]

This tech never made it to trial, because it never worked. No humans were ever tested, AFAIK. So, no such victims.

What about the faked results of blood test, wouldn't be a wrong diagnosis based on those results be life threatening? Hard to believe that this "breakthrough process" wasn't verified by the industry/FDA.
It never made to trial because they were able to convince a lot of fools that the process actually works, when it did not. Billionaires with $$$ to burn invested not wanting to miss out on this.

Wired article from Feb 2014.
This Woman Invented a Way to Run 30 Lab Tests on Only One Drop of Blood

CNN - June 2018.
The rise and fall of Elizabeth Holmes

 

[Ventanni]

I was listening to a radio host (I forget which one) who really said it best. Investors were so eager to jump onto the next "Microsoft" or "Amazon" like stock that they bought into Theranos without really doing their homework.

 

[dud]

Theranos is now liquidating because no sellers could be found. Holmes and her boyfriend are facing up to 20 years in prison ...

Oh how the lofty have fallen ...

https://www.wsj.com/articles/blood-testing-firm-theranos-to-dissolve-1536115130

 

[SKORPI0]

https://money.cnn.com/video/news/2018/09/20/john-carreyrou-bad-blood-theranos-book.cnnmoney/

 

[PottedMeat]

Theranos is now liquidating because no sellers could be found.

i want to nab one of those 'edison' machines and get it to AvE or mikeselectricstuff for a teardown

 

[dasherHampton]

I don't know this case inside and out but from what I gather she just needed to be honest about the company's failures and she would have been fine.

 

[zinfamous]

I don't know this case inside and out but from what I gather she just needed to be honest about the company's failures and she would have been fine.

It seems that that kind of (responsible) behavior doesn't fly int he modern paradigm of venture-capital funded startups that, these days, can expect wholly unimaginable sources of funding based off of simple "dreams and hopes." I think it's become a rather toxic culture out there, and only because of a handful of historic, bafflingly lucky stories like Gates, Jobs, Zuckerburg, et al that have established this "founder myth": the singular genius that understands all, so ignore the lack of real fundamentals from a neophyte's business brain and bet on the dreams.

Holmes' idea was particularly brilliant and afaik, the tools are probably out there to make it work, but her design didn't. A lot of what happened was a perfect storm of overly-wealthy individuals salivating at the prospect of becoming oligarch-wealthy by getting in on the ground floor of a single business that would very well upend the entirely of the blood testing industry in the USA, a brilliant and young woman behind it all, and super-cool modern techy science stuff. That truly is one big fat meatball. I would argue in her defense that she got caught up in the euphoria of her sudden celebrity and the diamond-crusted potential of what Theranos could be, and simply got into turtle mode when the data wasn't coming back, because she truly believed it would work eventually. ....

..but I can't argue that. The whole thing looks like fraud from the beginning. Her board was intentionally stacked with laymen that were completely incapable of understanding the science behind what she was trying to do. They may have been techies, so it was a good enough front for them to understand the machines, because their tech acumen merely belied the fact that no one actually knew what was happening except for her. This further kept the investors effectively uninformed while euphoric over their champagne dreams. Holmes was the only person that actually knew what was going on with the project, and it had been that way from the start.

 

[ImpulsE69]

So, if she's going to be rich when she gets out, then..really all this is just pointless.

 

[Darwin333]

I don't know this case inside and out but from what I gather she just needed to be honest about the company's failures and she would have been fine.

..but I can't argue that. The whole thing looks like fraud from the beginning. Her board was intentionally stacked with laymen that were completely incapable of understanding the science behind what she was trying to do. They may have been techies, so it was a good enough front for them to understand the machines, because their tech acumen merely belied the fact that no one actually knew what was happening except for her. This further kept the investors effectively uninformed while euphoric over their champagne dreams. Holmes was the only person that actually knew what was going on with the project, and it had been that way from the start.

No, it was straight up fraud. When she was showing investors the machines "results" 240 out of the 250 blood tests were done on another machine that is already in widespread use in the blood testing market. Then the 10 tests that her machine actually did had bad results which basically invalidated all of the blood tests that the company did. You can't tell someone "you should invest hundreds of millions into my company because we invented and manufactured a device that does 250 blood tests from a single drop of blood and it totally works! Here is the proof." when the machine you invented only did a tiny fraction of the tests and did them poorly at that. That is the very definition of fraud. I think they did a ton of real blood tests too which were all invalidated so not only was it fraud but she was potentially putting peoples health/lives at risk.

She also purposely didn't seek venture capital from Silicon Valley because they might have been able to see through her bullshit. She got her funding from rich, not really techy, people/families. Her board was also mostly or all older men, all of which very likely wanted to bang her. Hell I'd still bang her before she goes to jail

 

[Darwin333]

So, if she's going to be rich when she gets out, then..really all this is just pointless.

I don't know, if I was a hot young woman or even an ugly young man, I'm not sure that I'd trade 20 years in the pokey if I could come out rich. Maybe if I had a family and we were dirt poor I'd consider it so that they could have a better life but even then they'd have to be extremely hungry.

Besides, after the dust settles I can't imagine she will have much money left.

 

[dud]

https://money.cnn.com/video/news/2018/09/20/john-carreyrou-bad-blood-theranos-book.cnnmoney/

Investors crapped money at her and Theranos without evidence that her product worked. Then, when she and her company are exposed as a fraud they cry foul and want their money back. People (including many of the rich) are desperate to be involved in "the next great thing" and make LOTS of money. Sometimes this drive clouds our judgement. What does the Theranos fraud and the gullibility of (supposedly) the "smart" people say about us?

So, if she's going to be rich when she gets out, then..really all this is just pointless.

If you equate happiness just with wealth ... then you are correct. IF you equate happiness with wealth AND freedom AND the ability to spend that wealth she will not be happy. She might be wealthy but she will not be able to enjoy it.

 

[zinfamous]

No, it was straight up fraud. When she was showing investors the machines "results" 240 out of the 250 blood tests were done on another machine that is already in widespread use in the blood testing market. Then the 10 tests that her machine actually did had bad results which basically invalidated all of the blood tests that the company did. You can't tell someone "you should invest hundreds of millions into my company because we invented and manufactured a device that does 250 blood tests from a single drop of blood and it totally works! Here is the proof." when the machine you invented only did a tiny fraction of the tests and did them poorly at that. That is the very definition of fraud. I think they did a ton of real blood tests too which were all invalidated so not only was it fraud but she was potentially putting peoples health/lives at risk.

She also purposely didn't seek venture capital from Silicon Valley because they might have been able to see through her bullshit. She got her funding from rich, not really techy, people/families. Her board was also mostly or all older men, all of which very likely wanted to bang her. Hell I'd still bang her before she goes to jail

Damn, I didn't know it was that bad.

I always think about this rather fawning article from 4 or so years ago (they were all extremely fawning back then).

https://www.newyorker.com/magazine/2014/12/15/blood-simpler

Man....

 

[ImpulsE69]

n/m

 

[lxskllr]

Hell I'd still bang her before she goes to jail

She's got a weird look. Depending on the pic(presumably time) she looks hot, fat, crazy, old, or young. Hard to say what you'll wake up to :^D

 

[Darwin333]

She's got a weird look. Depending on the pic(presumably time) she looks hot, fat, crazy, old, or young. Hard to say what you'll wake up to :^D

Who said that I would stay the night or let her? I don't want to date the bitch, just bang her once. Plus it would be rather fun to be able to treat her the same way she did her investors, after we are done "alright bitch, that's all I wanted from you, k thx bye. Oh, enjoy your prison stay, you might want to start hooking up with girls to get some experience"