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Elizabeth Holmes found guilty

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Re: Elizabeth Holmes found guilty

#91

Earlier quoted context omitted.

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.

If the prosecution decides to pursue it. They may very well decide that finding her guilty on 4 of 11 counts sends a strong enough message.

Re: Elizabeth Holmes found guilty

#92

So she was found guilty on 4 charges. Not guilty on 4 charges. And no verdict on the remaining 3 charges. So does she have to get another trial on the remaining 3?

Not an expert, but I believe no verdict usually means "not guilty but the prosecutor can try again if they want to".

Considering she was found guilty on 4, it's not obvious that they will bother.

Re: Elizabeth Holmes found guilty

#93
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?

Because someone says "I'll invest $100,000,000" and it's not evenly divisible by the share price.

Re: Elizabeth Holmes found guilty

#94

Earlier quoted context omitted.

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.

This thread is the most interested anyone has ever been in this stuff, I'll have to consider some sort of catalog as the collection grows, not a bad idea.

Re: Elizabeth Holmes found guilty

#95

Earlier quoted context omitted.

> 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.

It's usually against the style of news orgs like the NYT to guess at things like that, or go from general knowledge that may or may not apply.

Re: Elizabeth Holmes found guilty

#96
post #57

Earlier quoted context omitted.

No. The very fact this trial occurred is testament to that fact.

That’s not how the presumption of innocence works.

She wasn't being tried on the technology. The technology had failed, the issue is she knew it didn't work and told people it did to get their money. If the technology worked then even if the business failed with huge losses, there was no fraud.

The presumption of innocence in this case, is that she did not mislead Investors.

Re: Elizabeth Holmes found guilty

#97
post #10

It 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?

I was under the impression that it was set for February of _this_ year (2022) per [1]?

[1]: https://www.bloomberg.com/news/articles/2021-12-14/balwani-s...

Re: Elizabeth Holmes found guilty

#98
post #15
post #7

How much time is she looking at?

Quoted post unavailable.

Yeah, except she defrauded rich people.

Look at the people who went to jail following the housing collapse vs the madoff ponzi scheme

Depressingly that seems to be the primary factor in such cases.

Re: Elizabeth Holmes found guilty

#99

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 never knew this was a thing, but now that I do...I want in!

Re: Elizabeth Holmes found guilty

#100
post #27

Some founders "fake it till you make it", and this news should serve as a cautionary tale.

The sociopaths who are attracted to founder life are immune to this lesson.

She strikes me as the cute blonde version of Orson Welles in The Third Man...
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