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Elizabeth Holmes found guilty

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Re: Elizabeth Holmes found guilty

#231

Post by schappim »

dathinab wrote: post #134
jonwachob91 wrote: post #40

It blows my mind that she was found guilty for defrauding investors, but not guilty for defrauding patients about their test results. Investors know that every dollar they put into a company could disappear, it's why startups get capital from investors and not bank loans. But a patient does not expect for their blood test results to be completely wrong. Her tests weren't giving false-negatives or false-positives, the…

> defrauding patients about their test results Because und test results where in general correctish, they where just not gotten in exactly the way it was claimed, which was also not noticable less reliable or anything. And what the user bought was the test result. As far as I understood, with my very limited understanding of US law it seems hard to sue as a consumer as you where deceived but not hurt/damaged in any w…

>> test results where in general correctish, they where just not gotten in exactly the way it was claimed, which was also not noticable less reliable or anything.

Guess they just answered the question of "If you can't tell the difference, does it matter?".

Re: Elizabeth Holmes found guilty

#233

Post by incanus77 »

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…

About 15 years ago, I worked at a small tech/political agency in DC. We got a new office just off NW 16th & K near the lobbying & financial areas. While I was setting up the server closet, I found a rolled-up blueprint from the office design. We unrolled it and... turns out it was built by Enron. Ken Lay had just died, so we always kinda-sorta felt haunted by his ghost.

Re: Elizabeth Holmes found guilty

#234

Post by grouphugs »

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…

No post body was provided.

Re: Elizabeth Holmes found guilty

#235

Post by pcl »

meetingthrower wrote: post #36
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…

One of my biggest regrets is not getting a Kozmo messenger bag from dotcom 1.

Ooh I used to have an amazing Kozmo keychain. When I lost those keys I was more upset about losing the chain than my house keys!

Re: Elizabeth Holmes found guilty

#236

Post by paxys »

dehrmann wrote: post #223
paxys wrote: post #140

Guilty of taking a billion+ dollars from rich and influential people who couldn't bother to do the bare minimum due diligence into their investments due to greed and FOMO. Not guilty of endangering thousands of lives by running fraudulent and inaccurate tests under sub-par lab conditions. Our justice system is such a farce.

As another comment said, patients' tests were apparently run on regular machines, so the patients weren't harmed.

The FDA voided over a million tests performed by Theranos due to unsanitary lab conditions, contaminated samples and unauthorized modifications of testing machines. Their results were anything but accurate.

Re: Elizabeth Holmes found guilty

#237

Post by buzzdenver »

dathinab wrote: post #134
jonwachob91 wrote: post #40

It blows my mind that she was found guilty for defrauding investors, but not guilty for defrauding patients about their test results. Investors know that every dollar they put into a company could disappear, it's why startups get capital from investors and not bank loans. But a patient does not expect for their blood test results to be completely wrong. Her tests weren't giving false-negatives or false-positives, the…

> defrauding patients about their test results Because und test results where in general correctish, they where just not gotten in exactly the way it was claimed, which was also not noticable less reliable or anything. And what the user bought was the test result. As far as I understood, with my very limited understanding of US law it seems hard to sue as a consumer as you where deceived but not hurt/damaged in any w…

Wasn't Theranos' claim that they could do tests from much less blood? So how could the results be accurate if they presumably didn't have enough samples?

Re: Elizabeth Holmes found guilty

#238

Post by adventured »

olliej wrote: post #86

So… just defrauding the rich investors, nothing on the people who’s blood she claimed to be testing.

She didn't significantly injure those people - she misled consumers about the technology but not the results. They did the actual testing on other legitimate machines.

The wire fraud charges were by far the much better target.

Re: Elizabeth Holmes found guilty

#240

Post by jazzyjackson »

walrus01 wrote: post #126
BeefWellington wrote: post #79

Earlier quoted context omitted.

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

The whole bre-x saga really amazes some Americans when I explain the depths of fraud that have historically existed in AB and BC small cap mining stocks... For the longest time the historical Vancouver stock exchange, vsx, was known as something like the fraud capital of North America. All of that is before we even get into the ugly history of some Canadian mining companies that have got into bed with non-democratic…

Never heard of this, reading the wiki on bre-x now...

" ...one of the five women who considered themselves his wife... "

This is some serious drama. Have you got any reading you can recommend on the topic? I recently bought "The Prize" to catch up on my oil & gas history, perhaps there is a sibling book for minerals?

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