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Elizabeth Holmes found guilty

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Re: Elizabeth Holmes found guilty

#61
post #6

Earlier quoted context omitted.

These are big wins! Some huge sums up there. How many years is she looking at?

Quoted post unavailable.

Racial and gender disparities are real, but against the 'rich' part in this case...

In any case, she'll definitely do time. You're forgetting the victims in this case are not only also rich, but probably vastly better connected since they have yet to steal from their friends.

Re: Elizabeth Holmes found guilty

#62

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…

Boy, it's all about the wire-fraud, isn't it? The MONEY itself seems to have filed this lawsuit.

Re: Elizabeth Holmes found guilty

#63
post #47

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?

What are you talking about?

Re: Elizabeth Holmes found guilty

#64

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.

I wonder if that was because they used other testing methods to check patient samples, so they patient got a result regardless of the means by which it was obtained.

Re: Elizabeth Holmes found guilty

#67
post #61

Earlier quoted context omitted.

Quoted post unavailable.

Racial and gender disparities are real, but against the 'rich' part in this case... In any case, she'll definitely do time. You're forgetting the victims in this case are not only also rich, but probably vastly better connected since they have yet to steal from their friends.

> Racial and gender disparities are real, but against the 'rich' part in this case...

Sorry I didnt understand what you meant here.

Re: Elizabeth Holmes found guilty

#68

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?

Shhhhhh! You'll disturb the market!

Re: Elizabeth Holmes found guilty

#69
post #47

Earlier quoted context omitted.

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

What are you talking about?

Count six of wire fraud in connection with a wire transfer of $38,336,632 on or about Feb. 6, 2014: Guilty.

    Count seven of wire fraud in connection with a wire transfer of $99,999,984 on or about Oct. 31, 2014:Guilty.

    Count eight of wire fraud in connection with a wire transfer of $5,999,997 on or about Oct. 31, 2014: Guilty.

Re: Elizabeth Holmes found guilty

#70
post #47

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?

Round number minus various transfer fees maybe?
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