A $100 million wire transfer. Is this literally how people invest in start-ups, just wiring huge sums of money to someone they do not know , on a promise/hope. that just seems so reckless on so many levels
Elizabeth Holmes found guilty
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Re: Elizabeth Holmes found guilty
#32It looks like Balwani's trial is scheduled for next year - is there any reason why they would have the two trials so far apart? Is this common in cases such as these?
Re: Elizabeth Holmes found guilty
#33A $100 million wire transfer. Is this literally how people invest in start-ups, just wiring huge sums of money to someone they do not know , on a promise/hope. that just seems so reckless on so many levels
Re: Elizabeth Holmes found guilty
#34Re: Elizabeth Holmes found guilty
#35This 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
#36This 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…
Re: Elizabeth Holmes found guilty
#37A $100 million wire transfer. Is this literally how people invest in start-ups, just wiring huge sums of money to someone they do not know , on a promise/hope. that just seems so reckless on so many levels
Hey, minus the $16 wire-transfer fee. Fair is fair; that’s what I pay, too.
Re: Elizabeth Holmes found guilty
#38https://variety.com/2021/film/news/jennifer-lawrence-elizabe...
Re: Elizabeth Holmes found guilty
#39Earlier quoted context omitted.
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
#40Investors know that every dollar they put into a company could disappear, it's why startups get capital from investors and not bank loans.
But a patient does not expect for their blood test results to be completely wrong. Her tests weren't giving false-negatives or false-positives, they were using lab techniques that we have known to be inaccurate for decades. She knowingly sold Walgreens on 1 test, and then performed a different test.
I need to sit down and properly inform myself about how the prosecutors fucked that up so badly.