Theranos and Holmes have agreed to settle the fraud charges levied against them. Holmes agreed to pay a $500,000 penalty, be barred from serving as an officer or director of a public company for 10 years, return the remaining 18.9 million shares that she obtained during the fraud, and relinquish her voting control of Theranos by converting her super-majority Theranos Class B Common shares to Class A Common shares. Du…
I remember those interviews, with the black turtle necks. She was playing the part of genius, but looked full of it, especially with all the secrets.
She is basically being fined $500,000. This is pocket change. I imagine so much money is hidden. This hidden money just might be the next fraud charge?
"Bared from hiring as an officer, or director for 10 years."
She will get hired on somewhere under Something of Something, even though she's a complete fraud? She didn't even finish her degree? Hell--most people don't know anything about blood testing. In a few months, the victim will be on stage somewhere. "If a was a ---, I wouldn't be treated this way!"
She got off very light. She's pretty enough to be scooped up by a Valley Boy. We have not heard the end of her. She will be fine.
I can't imagine any retirement money went into the company, so I really don't care about the 1 percenter's who lost some pocket change.
The only thing I'm glad about is no one is going to sport the black turtle neck, for awhile at least--that look belongs to Steve anyways. Any maybe, when the genius card is thrown around, people might do a little homework?
She did enter the market, with the right look, pedigree, though. The Lookers were looking for the next Zuck. Oh well, and the band plays on.
(I have a feeling under Trump's reign, the SEC, federal courts will go very easy on these types. So--if your planning on doing something fraudulent, white, and have family money; go to work.)
