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Elizabeth Holmes found guilty

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Re: Elizabeth Holmes found guilty

#341

Post by Apocryphon »

paxys wrote: post #176
Apocryphon wrote: post #38

Looking forward to JLaw's portrayal of Holmes in Adam McKay's Apple Studios adaptation of Bad Blood . Hope they pick up from where the book ended and cover this trial. https://variety.com/2021/film/news/jennifer-lawrence-elizabe...

That project has been in the works for many years now, and is no closer to seeing the light of day. Hulu's miniseries 'The Dropout', with Amanda Seyfried, debuts in March though.

Maybe they're closer to it now that they've just successfully released another movie on another streaming service.

Re: Elizabeth Holmes found guilty

#342

Post by tptacek »

mdoms wrote: post #340
metadat wrote: post #250

Earlier quoted context omitted.

Hopefully she'll get more, SV could use a good example. Otherwise it signals that wantrepeneurs can keep doing it with minimal repercussions.

Ok I'm not American so perhaps my perspective is different... More than 10 years would be utterly barbaric. The 65 years mentioned in another comment chain would be well beyond the pale. I'm no fan of Holmes, but what good does it serve to lock up non violent criminals for decades?

It'll be over 10 easy, because she burned a zillion dollars, and wire fraud sentences scale with losses.

Re: Elizabeth Holmes found guilty

#343

Post by nr2x »

beebmam wrote: post #227

Sending fraudulent people to jail for a long, long time is fundamental to running a healthy society. One of the reasons the US is a decent place to live compared to other countries is because we actually prosecute frauds and criminals here. Let's start seeing some other countries around the world start doing this, like India, Russia, and China. My 80 year old mother was recently tricked into wiring money by Indian sc…

We pick a sacrificial lamb once a decade to give the appearance of enforcement without addressing root causes.

See - 90s: Enron; 00s: Madoff; 10s: Holmes

Re: Elizabeth Holmes found guilty

#344

Post by ipiz0618 »

beebmam wrote: post #227

Sending fraudulent people to jail for a long, long time is fundamental to running a healthy society. One of the reasons the US is a decent place to live compared to other countries is because we actually prosecute frauds and criminals here. Let's start seeing some other countries around the world start doing this, like India, Russia, and China. My 80 year old mother was recently tricked into wiring money by Indian sc…

Are you sure you want standards like Russia or China? The definition of "fraudulent people" there might just be...different

Re: Elizabeth Holmes found guilty

#345

Post by notch656a »

rgdsmtn wrote: post #224

Federal law can't regulate commerce unless it's interstate commerce. So the wire in the wire fraud part is the handy jurisdiction claw so that this is prosecuted by SEC.

Wickard v Filburn would have a word with you. It's why intrastate drug sales or making your own machine gun still spells federal jail time. The federal government has decided basically anything involving producing/consuming/possessing goods, even for your own consumption in state never entering commerce, is interstate commerce.

Re: Elizabeth Holmes found guilty

#347

Post by MarkMc »

Someone mentioned that Holmes will likely get a relatively light sentence because she is an attractive white woman.

I've read there is good evidence that black people get harsher sentences than white people and men get harsher sentences than women, other factors being equal. I suspect there is also evidence attractive people get lighter sentences than ugly people.

The current system seems like a clear-cut violation of the US constitution's Equal Protection clause. So why doesn't an organisation like the ACLU take legal action to force all sentencing to be done by a judge who is unaware of the race, sex and attractiveness of the defendant?

Re: Elizabeth Holmes found guilty

#348

Post by Ansil849 »

dylan604 wrote: post #278
Ansil849 wrote: post #170

Earlier quoted context omitted.

> I am a collector of swag from large companies that have collapsed due to anything from mismanagement to outright fraud That's a really cool collection! I always find it interesting to learn what obscure things folks collect. > any authentic Theranos gear How do you tell if it's authentic? If I was a collector in this area, my big concern would be that especially given that the market is hot, someone could just look…

>I always find it interesting to learn what obscure things folks collect. A buddy of mine has a similar fascination with picking things up from defunct companies, specializing in film/video post production companies. One of the items he picked up was a standard banker's box. Inside were a pile of CD-Rs which turned out to be the entire digital back up of an unfinished 3D animated feature. The entire recordings of the…

Wow, that's so fun to stumble upon a veritable treasure chest like that. Were there any big names involved in the unfinished film?

Re: Elizabeth Holmes found guilty

#349

Post by harha »

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…

Makes me wonder how much of the rapidly established covid testing infrastructure around the world delivers actual results.

Fun fact: In some places like Singapore you don't even get the chance to test again to verify the result, you just serve your time in quarantine and then get back your "safe" status.

Re: Elizabeth Holmes found guilty

#350

Post by chansiky »

latenightcoding wrote: post #101

Question: could Holmes have avoided all of this by pivoting to something else and not losing investors money. It is extremely common for startups to exaggerate their tech just to later pivot to something else without any repercussions.

Based on what one of the engineers of edison were saying, if they could acquire more than a "drop of blood" for analysis, they would have been able to get more accurate results.

You might be able to consider that a pivot, since she had been saying "drop of blood" the whole time.

It was Holmes' unwavering attitude to imitate Steve Jobs that got in the way of her decisions, and I think more than a pivot of product, that a pivot away from this ideology could have saved Theranos. Willingness to give up on perfect design in order to acquire a working engineered product could have made a world of a difference.

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