How much time is she looking at?
a single charge can be 20 years. likely the charges will run concurrently, so probably less than 10 years if I had to guess, which is the cutoff for a minimum security prison.
Elizabeth Holmes found guilty
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Re: Elizabeth Holmes found guilty
#22Count one of conspiring to commit wire fraud against investors in Theranos between 2010 and 2015: Guilty. Count two of conspiring to commit wire fraud against patients who paid for Theranos’s blood testing services between 2013 and 2016: Not guilty. Count three of wire fraud in connection with a wire transfer of $99,990 on or about Dec. 30, 2013: No verdict. Count four of wire fraud in connection with a wire transfer…
These are big wins! Some huge sums up there. How many years is she looking at?
No post body was provided.
Re: Elizabeth Holmes found guilty
#23Count one of conspiring to commit wire fraud against investors in Theranos between 2010 and 2015: Guilty. Count two of conspiring to commit wire fraud against patients who paid for Theranos’s blood testing services between 2013 and 2016: Not guilty. Count three of wire fraud in connection with a wire transfer of $99,990 on or about Dec. 30, 2013: No verdict. Count four of wire fraud in connection with a wire transfer…
Apparently the "No verdict" might get declared a mistrial on 3 counts. For those unaware John Carreyrou played a major role in exposing Holmes. His book is a good read: Bad Blood and host of Bad Blood: The Final Chapter https://twitter.com/JohnCarreyrou/status/1478158063379042304 > And the judge will probably declare a mistrial as to the 3 counts they couldn’t reach consensus on. > The 4 guilty counts are all investo…
Why would a mistrial be declared? Does that prevent a future prosecution of these charges?
Re: Elizabeth Holmes found guilty
#24More complete summary from the NY Times: https://www.nytimes.com/live/2022/01/03/technology/elizabeth... https://news.ycombinator.com/item?id=29789074
> Very little is known of Mr. Balwani, including why he is called “Sunny.”
This might be because Saturday in Hindi and other Indian languages is “sunny-var”, and the day of the week you are born on is a common nickname, in conjunction with “sunny” being an easy to pronounce and common English word.
Re: Elizabeth Holmes found guilty
#25This will sound weird but I am a collector of swag from large companies that have collapsed due to anything from mismanagement to outright fraud. While we're a rare breed there are others like me out there. Still, even with this oddly specific marketplace being small, let me tell you, the Theranos swag market is hot right now (check eBay if you're curious).
Wish I had gone big on this one earlier, because I have a feeling this verdict is going to spice things up in the short term.
All that to be said, if you've got any authentic Theranos gear hiding in storage please do let me know, I'm a motivated buyer.
For those curious as one example: Nothing raises a few eyebrows more than a note written on Lehman Brothers letterhead with a Purdue Pharma OxyContin pen with the dosage pullout.
Re: Elizabeth Holmes found guilty
#26Re: Elizabeth Holmes found guilty
#27Some founders "fake it till you make it", and this news should serve as a cautionary tale.
Re: Elizabeth Holmes found guilty
#28This will sound weird but I am a collector of swag from large companies that have collapsed due to anything from mismanagement to outright fraud. While we're a rare breed there are others like me out there. Still, even with this oddly specific marketplace being small, let me tell you, the Theranos swag market is hot right now (check eBay if you're curious). Wish I had gone big on this one earlier, because I have a fe…
What a super interesting niche. Do you see returns on your investments?
Re: Elizabeth Holmes found guilty
#29Count one of conspiring to commit wire fraud against investors in Theranos between 2010 and 2015: Guilty. Count two of conspiring to commit wire fraud against patients who paid for Theranos’s blood testing services between 2013 and 2016: Not guilty. Count three of wire fraud in connection with a wire transfer of $99,990 on or about Dec. 30, 2013: No verdict. Count four of wire fraud in connection with a wire transfer…
Did Theranos blood test work?
My understanding is that it worked in the sense that the results were accurate. But the results were gotten by means other than what the investors/customers thought. So the end-user patients really had no claim since they got correct results. But the companies and investors got scammed bigtime.
Re: Elizabeth Holmes found guilty
#30Can someone share some light on what's covered in the wire transfers?