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Elizabeth Holmes found guilty

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Re: Elizabeth Holmes found guilty

#71

Post by short12 »

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 have a lehnen brothers decision cube type of thing and it has some pretty interesting ones like "responsible risk management" erc

Re: Elizabeth Holmes found guilty

#72

Post by VWWHFSfQ »

dooglius wrote: post #58
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?

This is some of the scammiest markets of all time.

Hey OP, I got a Theranos-branded mug I can drop-ship you from Alibaba. $800 OBO

Re: Elizabeth Holmes found guilty

#76

Post by sharkweek »

dooglius wrote: post #58
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?

I try my best to only procure swag that was actually distributed by the company at time of operation. As an example, you can buy "joke" Enron t-shirts, which I wouldn't be interested in, but some authentic team building event-specific shirt distributed to 50ish people? Oh baby, I'm all ears.

I think that's part of the fun, hunting for the original stuff.

Re: Elizabeth Holmes found guilty

#77

Post by skzv »

jameson wrote: post #47
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?

It's probably minus the wire fee, so you can round up.

Re: Elizabeth Holmes found guilty

#78

Post by tptacek »

Time to kibitz on the likely sentence! You can get the federal sentencing guidelines here:

https://www.ussc.gov/sites/default/files/pdf/guidelines-manu...

They're long and mostly not relevant except for the sections pertaining to Holmes conduct.

Here's the indictment:

https://www.justice.gov/usao-ndca/page/file/1135066/download

Holmes was found guilty of one 18 USC 1349 charge, and 3 18 USC 1343 charges; the 1343's she was found guilty on were in amounts ranging from $100k to $100MM(!).

It should be possible to come up with a better guess than the New York Times' "20 years per count, but likely served concurrently".

Re: Elizabeth Holmes found guilty

#79

Post by BeefWellington »

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…

Along these lines an old investor I knew kept a framed Bre-X share on his wall.

Re: Elizabeth Holmes found guilty

#80

Post by celticninja »

goobergoo wrote: post #62
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…

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

It's fraud case, so it exists entirely because someone was separated from their money illegally. I imagine in part this case was brought to protect some of that money through insurance, which may pay out if the fraud is proven.
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