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Elizabeth Holmes found guilty

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Re: Elizabeth Holmes found guilty

#41

Post by sharkweek »

daenz wrote: post #28
sharkweek wrote: post #25

This 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?

To be completely honest, I'm more of a buyer than a seller. I have a few items that are "worth" (in a loose sense) in the hundreds and thousands, but most are nothing more than a rare conversation piece I have on my desk.

Re: Elizabeth Holmes found guilty

#42

Post by celticninja »

paulpauper wrote: post #9

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

There are lawyers and contracts involved. There are people who connect the money and the startup,these guys have relationships with the money people so there is trust at that level, but lawyers for the rest of it.

Re: Elizabeth Holmes found guilty

#44

Post by missedthecue »

paulpauper wrote: post #9

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

Would you prefer they deliver it in cash? There are associated legal docs you sign, but other than that it's not super complicated.

Re: Elizabeth Holmes found guilty

#45

Post by sushisource »

sharkweek wrote: post #25

This 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…

This is a really cool hobby I never would've guessed existed. Good luck to you!

Re: Elizabeth Holmes found guilty

#46

Post by CPLX »

sharkweek wrote: post #25

This 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…

I’ve got a nice looking Ozy coffee mug if you’re interested.

Re: Elizabeth Holmes found guilty

#47

Post by jameson »

NikolaeVarius wrote: post #2

Count 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…

What an odd sums of money ending with 9s. Does anyone know why such numbers were picked?

Re: Elizabeth Holmes found guilty

#48

Post by secondaryacct »

lotsofpulp wrote: post #24
dbcooper wrote: post #4

More 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.

And you d expect they d ask a random Indian in the street just it case, as you seem to say, this would be so trivial people dont feel the need to explain it.

Re: Elizabeth Holmes found guilty

#49

Post by VWWHFSfQ »

celticninja wrote: post #23
busymom0 wrote: post #8

Earlier 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?

It will likely result in a new trial of those counts.

Re: Elizabeth Holmes found guilty

#50

Post by OnlineGladiator »

sharkweek wrote: post #41
daenz wrote: post #28

Earlier quoted context omitted.

What a super interesting niche. Do you see returns on your investments?

To be completely honest, I'm more of a buyer than a seller. I have a few items that are "worth" (in a loose sense) in the hundreds and thousands, but most are nothing more than a rare conversation piece I have on my desk.

> I have a few items that are worth in the hundreds and thousands

At first I read 'worth in the hundreds of thousands' and I was really curious what garnered such value. Language ambiguity is fun.

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