Elizabeth Holmes found guilty

Post by Danieru » Tue, Jan 04, 2022, 12:53 AM UTC

paxys wrote: post #81

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…

How exactly do you check if something is authentic? I can have a hundred Theranos-branded t-shirts, mugs, pens, diaries, socks and whatever else you want made and shipped to me in like 2 weeks.

Post by celticninja » Tue, Jan 04, 2022, 12:55 AM UTC

rvz wrote: post #103

It has been definitively admitted. Now we see the vultures tearing this fraudster apart and you what? That is good, and it is absolutely magnificent. Since many have gotten away with it, She is now the first of many that have been caught and need to be investigated and the other exit scams of this decade to be unveiled before the scammers race to the exit with a mountain of cash. So who is next?

Post by ShamelessC » Tue, Jan 04, 2022, 12:55 AM UTC

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.

Post by hn_throwaway_99 » Tue, Jan 04, 2022, 12:56 AM UTC

paxys wrote: post #107

klohto wrote: post #6

Earlier quoted context omitted.

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

Technically 20 years per count, but realistically not too many. White collar crimes are anyways not punished very strictly, and she's a new mother on top of that. She'll negotiate a short term at some country club prison.

Post by dmazin » Tue, Jan 04, 2022, 12:56 AM UTC

javajosh wrote: post #51

daenz wrote: post #28

Earlier quoted context omitted.

What a super interesting niche. Do you see returns on your investments?

I don't remember where I first heard this, but it's good advice: don't collect as an investment, collect because you really enjoy the objects. I collect rare books, but never because I think they'll go up in value (although they probably will). I just like having them around. Socially, infamous corpo-swag is really even better - what a conversation starter! But I personally wouldn't want that sort of stuff in my shar…