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Elizabeth Holmes found guilty

axios.com

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Re: Elizabeth Holmes found guilty

#51

Post by javajosh »

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?

I don't remember where I first heard this, but it's good advice: don't collect as an investment, collect because you really enjoy the objects. I collect rare books, but never because I think they'll go up in value (although they probably will). I just like having them around. Socially, infamous corpo-swag is really even better - what a conversation starter! But I personally wouldn't want that sort of stuff in my shared spaces. Interesting or not, its still just corpo-swag.

Re: Elizabeth Holmes found guilty

#52

Post by hn_throwaway_99 »

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…

Don't know all of the details behind each count, but glad to see this result, which seems good and fair. Basically, looks like the majority of "committing fraud against investors" charges were guilty, but the "committing fraud against patients", which always seemed like more of a stretch to me, were not guilty.

Re: Elizabeth Holmes found guilty

#54

Post by celticninja »

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.

Do you have a website to show some of them off? I would love to see some of your gravestones.

Re: Elizabeth Holmes found guilty

#56

Post by mNovak »

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

The wire transfer is just how the money exchanges hands. There would be a contract of some sort defining why that money is changing hands, and with what strings attached.

Re: Elizabeth Holmes found guilty

#58

Post by dooglius »

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 does "authentic" mean here? Isn't company swag just the company emailing a logo to 3rd parties who print it on shirts/whatever?

Re: Elizabeth Holmes found guilty

#59

Post by jcranmer »

passerby1 wrote: post #13
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…

Did Theranos blood test work?

Short answer: "no."

Longer answer: Theranos never really got their own custom machines working. Until those machines were working, they did use other machines and processes which did work. However, their entire shtick was trying to do a lot of tests on less blood than usual, so... they simply diluted the blood samples to get enough volume for those machines to function in the first place, and correspondingly, the results were absolute garbage. Effectively, they were using working machines incorrectly to cover up for their non-working machines.

Re: Elizabeth Holmes found guilty

#60

Post by xqcgrek2 »

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…

Interesting you can tell how much the wire transfer fee was in each case. How does it compare to the major crypto exchanges?
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