Elizabeth Holmes Found Guilty on Four of 11 Fraud Charges | WSJ
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- Опубликовано: 3 янв 2022
- A federal jury convicted Theranos founder Elizabeth Holmes on four of 11 criminal-fraud charges. Each count carries a maximum prison sentence of 20 years. WSJ’s Sara Randazzo shares highlights from Holmes’s testimony. Photo: Brittany Hosea-Small/Reuters
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#ElizabethHolmes #Theranos #WSJ
Defrauding patients, no problem, defrauding investors, big no no
don't screw over the people with money! They have recourse.
There was simply more proof that she DIRECTLY defrauded the investors with all the lies. That's how proof works funnily enough!
Who cares about health when money is on the line?
Sad but true
Turn the oil dollar to oil euro = war
She had her kids just to make the judges decision at sentencing that much more difficult.. She is THAT calculating.
You are so right!!!!
Yes, sociopath, narcissist, etc.. this is what they do - she's a victim all the way around. My guess is the voice went up about 2 octaves and will go up even higher when allowed to make the perfunctory statement before sentencing.
Absurd!! Her maternal clock was ticking and she knew if not now then she could never have children so she seized her opportunity. It’s biology.
Aren't all women? lol
How could you know this for certain? Were you there when it happened? Anyway, it’s pathetic just to mention it.
she’s a sociopath. everything this piece described was her trying to humanize herself in the face of these charges and not that she had remorse.
I thought she was pregnant too lol did she not say that 6 months ago when the trial started?
Psychopath more than sociopath. I doubt she feels anything.
@@GlennC789 ruclips.net/video/6dv8zJiggBs/видео.html
There's more content though this is pretty crisp.
Shut up Ben
There's a dude out there who put a baby in this crazy lady.
Kudos to Dr. Phyllis Gardener, the Stanford professor who was very skeptical of the claims made by Theranos, and regarded Holmes as a sociopath.
Any judge and jurors should be offended that Holmes played the innocent victim card (the man made me do it) and had the nerve to get impregnated knowing she would attempt to manipulate the judge and jurors using an innocent baby. Master manipulator at her best. 🤦♂️
She is a master con artist. Glad that it has concluded well
Yeah, she is an amoral sociopath…..she belongs in prison with the rest of them.
If all in was a word SMH. She deserves an Oscar.
@@toolegit2quit173 I looked up both sociopath and psychopath and tryna figure out the difference was interesting.
greed kills
She’s a scammer. 4 out of 11 sounds like she’s getting off easy.
There’s a pattern in which the 7 were pardoned too…
The 4 charges she was guilty of, where all ones made by the rich investors and the other millionaires…
Meanwhile, the other 7 were more serious charges, like conspiracy to defraud patients (which is what mainly has been the point of this trial), yet the trial, didn’t think she was guilty for all those charges, smh… it just shows that the justice system is just for the elites…
@@priapulida Well do you think she is guilty or not on the 4 charges she is convicted of? If she is how does that have anything to do with gender?
@@hilal_younus The verdict was made by a jury who were presented with the facts. Jury selection is relatively random. So unless the jury, which are common people, are biased in favor of the elites in the first place, your conspiracy theory doesn't hold water.
Yes...she’s getting off easy.... and this is no surprising.
@@burtonl7239 the jury felt sorry for her
Before fraud case: Imma strong, intelligent and powerfull women
After fraud cases: Imma innocent and helpless victim.
It's always the same thing with these criminals. No matter the crime, they always want to play victim. The sad part is, the courts going easy on them. We the people deserve better.
Typical wahman
Mhm
@@dallypurcy3113 that fact that you typed a paragraph to respond to what little I said makes you more miserable than I. I mean, if Im such an incel beta...why do you care what I think? Let us incel betas be broke and miserable in peace. 😂😂😂 Also, thanks for the spelling correction. Never above being corrected. 😂😂😂. Im also willing to put my salary up as a 20 year diesel tech to yours. Ready?
She's a fake a a disgrace to women who want to be taken seriously
Disappointed in the jurors. How is she not guilty for defrauding patients who's lives she put at risk? Like seriously?! Who are these jurors?
That’s why trial by jury sucks! expensive ,time consuming and can be very frustrating…
I think bc the tests were completed albeit through other testing processes
The Karen effect 🤣
8 jurors are men. She charmed those men with her pouty face, blue eyes and remorseful words and delivery. She's a born con artist. She's gifted at that.
She is white n mother which is in her favour
I love how some women want to be portrayed as "powerful", but when caught doing something wrong, they retreat to the old worn out "a man made me do it". She deserves a few extra years on her sentence just for pulling that nonsense.
Thats everybody's defense today They were sexually molested Their too screwed up to be held responsible
What are you talking about????
@@kenziej5150 Are you not paying attention?
@@kenziej5150 did you miss the part of blaming her ex brown boyfriend and her COO (I think) of sexually abusing/controlling her and thus could not make decisions? It is on this video. He goes on trial soon (next year) and I bet he will be charged for more counts than this liar and con artist!
@@cam129 I don't know that the "brown" part is meaningful unless you think every white person is racist. But she sure is looking to deflect blame. I saw an interesting video on the Prison Professors RUclips channel about what she can do to prepare for sentencing and she might want to pay attention to it.
Her dad was a an exec at Enron. Clearly, the apple doesn't fall far from the tree.
Exactly
He’s got to be involved. No one invests in such a young person unless she herself has the tech & know how, not just ideas.
Omg.... 😂😂😂😂
@@is8249 well she does come from old money and that’s sort of how the riches work
@@Koleys I know. This lady had the audacity to claim to come from a middle class family in an old interview. Who’s gonna believe her?
She put real patients lives at risk with her "technology" and false data! How she did no get convicted for that is beyond me.
It’s called privilege!! 😡😡😡
People probably signed a contract
Whose life was at risk? Please give me one example of a death related to the results of a Theranos test? I will wait.
@@AtillatheFun Please give me one example of you having a brain? I will wait.
you are so right that was the most important part of all.once i got a false diagnose from a student cause the gyne didn,t want to get up from her chair and than i decided to visit a private gyne this time as i didn,t have any symptoms of what she said i got and he said no you don,t have nothing so thank god i didn,t take the medicine she prescribed.snce than if i go to hospital or clinic again and this happens again i will tell the doctor please do you mind come and see cause this happened to me
In watching her interviews from past years, she has perfected the art of saying nothing!
Very much likely a republican✌🏻
She'll run for President some day.
@@cheska7456 Alzheimer’s Joe is trying to end the filibuster? The people you idiots vote into office are gonna ruin this country
Should have run for public office. Can also defraud people without being charged as crimes
She’s a perfect example of someone who talks a lot but doesn’t say anything of substance. Her only intent is to confuse and deceive, right down to her fake voice.
4 out of 11!
She’s more lucky than her investors and patients!
IKR
I have no pity for the investors. They were all extremely wealthy investors, some of them with a well-known history of shady practices. They should've known better, but greed clouded their judgment. I'm just sorry for the patients who got inaccurate test results. They were the real victims.
@Bruno and whistleblowers had saved them for further destruction
disgusting, she even stabs her ex boyfriend in the back & gets pregnant just for the jury to have sympathy on her.
She is cute, rich and white. I bet she could get a pardon if Orange Face was president.
@@la7dfa even he wouldnt stoop this low. She has everything calculated, dont know how guys want to be with her since they're just a means to an end for her.
who impregnant her?
@@la7dfa psychopaths get away a lot with murder. You can be whatever color you want
@@simplyyellow6240 me
The sexual allegations had a) nothing to do with the case of her question of complicity yet b) it was indeed used just to give some sort of (“me too” / poor woman) angle. Frankly, that’s despicable. I truly hope it was not true what she said, but those text messages clearly show otherwise. It was clearly a consensual relationship.
Thats what I thought, how did that relate??? Oh he made me do it, I'm a helpless victim. She's slimey
Thats why I urge my brown brothers and black brothers to stay away from white women but no they are gonna marry white women to level up as if they are in a tournament 🤣
@@daudkhan4218 kevin samuels has a point on that, when you got ‘big thic shirley’, coming on all bossy and nagging and your brothers are trying their best to avoid her XD
@@daudkhan4218 Isn't this a bit racist? Judging women by the color of their skin?
@@warpnin3 could be but there are thousand of cases like that white gals marrying rich black or brown than put them in jail in false case
I’m sure she also regrets the suicide of one of her former employees. Instead of giving condolences to the wife, asked for company property back. That is evil
It breaks my heart that his suicide isn’t spoken about more.
I would have cursed her fake voice a$$ out. How dare she?
As always just saying what people want to hear, this woman is all about calculating and manipulating. Regular people have a hard time understanding that some people lack any moral or empathy for others. She is just sorry she got caught.
well said.
This is a woman who had a baby in order to get jury sympathy or a lighter sentence. Diane Downs tried that, too - she shot her kids and tried to get off by having a baby while awaiting trial. Didn't work, and the child grew up horribly stigmatized and had a terrible life. But EH wouldn't bat an eyelash (not that she ever closes her eyes) at producing a human being to get out of punishment for her crimes.
@@ferociousgumby Child of a narcissist sociopath = Rough road ahead.
@@ferociousgumby “…(not that she ever closes her eyes)”
So true.
are you a woman hater?
“Her Felonious Fall”, a poem -
The jury didn’t buy all that she was sellin’.
Texas Liz, now a 4 time felon.
Instead of Thelonious Monk on the piano 🎹 she’s Felonious Punk on the fiddle 🎻
@@bloochoob And Sunny Felons on sax
She's a sick person.She deserves no sympathy
@2jz 240sx And that's the name of the game. Scam people for millions, get a slap on the wrist, then come out like it never happened. But let a kid steal a few candy bars from a store and get a few months juvy time. The system favors the rich.
Her husband is a total idiot to even get involved in this sociopath. The lady is nuts!
crazy in the head, crazy in the bed
You will be surprised how some people love crazy people. She is a fraud, liar, and a con artist, and she has been like this since she was young. He has stated people don’t know the real person and the media has it wrong about her. 🙄 He comes from a very wealthy family. The person I feel mostly sorry for is her kid. He has to live with a mother, who has not accomplished anything in life but has used her looks and manipulation to get what she wants, including his father.
He can find any attractive young woman with a better background but still he chooses to throw it away for this, A simp is a simp. Rich or poor
I can see why SHE cultivated HIM - he's going to come in to a HUGE inheritance when his Dad kicks off. I wouldn't put it past her to "arrange" such a thing. Maybe she can hire Sunny as a hit man? He's a little short on work now.
@@Samuels-nz9em you woulda thought 'hey are you being indicted on federal charges' would have eventually popped up
What a freak! As someone who works for the largest esoteric laboratory in the nation, this is such a disgraceful fraud of a person! She approached our CEO and they turned her away immediately! May she rot in prison!
Her father was the vice president of Enron. I guess he taught her a few things growing up.
Hahahaha so true.
Now i see why she got four counts out of eleven perhaps her father must have influenced the judge somehow.
Which voice did she testify in?
apparently the batman voice
What a joke she is- we the people clearly see- high pitched voice ,low pitched voice,
Manly clothes,girly clothes, sorry,not sorry-
@@nathankoon7749 looooool. Not the Batman voice 🤣
😂
She'll do five years tops. She'll write a book while in prison, and she'll get a consulting job when she leaves prison. Not that she needs a job, her husband is part of a very wealthy family
i'm guessing she'll be sentenced to 8-12 years and will serve 5-7.
Yup. Don't need to be an oracle to see that. Can see her doing the talk show rounds or podcasts a decade from now, shilling her memoirs and still selling the strong independent act.
She will run the prison from her cell, and owe the prison population a total of seven hundred and eighty cartons of cigarettes.
Nah, she'll get pregnant again with her second child and convert that into a slap on the wrist
I thought each sentence is 20 years? She was sentenced to four of of these.
Just because she showed the jury she took some responsibility, the jury will be easy on her? What a stupid thought. If the jury are indeed doing this, then that's insanely silly.
White woman
?? I’ve followed this case for years, and EH turned herself inside out trying not to take responsibility for anything, and blaming anyone and everyone for her own behaviour. She was giddy with the praise and attention when things were going well, all ‘I’m the CEO of this company; I’m responsible for everything’ (in her stupid fake voice), and couldn’t through enough people under the bus when it all came down on her pompous, stubborn head.
Think about this- she gave birth to a son in July…
Why have a kid if there’s a high chance you’ll face a long prison sentence in a few months?
Well, the judge may give you a shorter sentence if you’re a new mother.
She’s that manipulative.
Unfortunately the law is enforced by humans, and humans are rather irrational
The jury already convicted her
These tech startup CEO need to know that wearing a black turtleneck wont make them Steve Job.
It’s remarkable how aggression and bullying didn’t in fact magic up a successful company around her, isn’t it?
If you listen to the badblood podcast then you realize how manipulate and dangerous this woman was. Imagine being her employee, it's like working for a demon
Sounds like every boss I’ve had
Wonder if they have orange turtlenecks in jail
LOL
This is what happens when the sole criterion of judging someone’s capability is that she is one of few women in a field ruled by men (CEOs of tech companies). She kept harping on her woman card and people kept falling for that. See where it got everyone
Are you talking about when she was running the company? She tried to appear as manly as possible going as far as to change the tone of her voice.. what are you talking about? When did she use her woman card before the allegations?
I don't think that is it. She harped on her white rich girl privilege
@@Blackbirdinthedeadofnight She has played that card so many times before the allegations as well. The lowering voice game was to copy Steve Jobs who she was obsessed with
@@supersonicdiesel4836 I know. She tried to emulate men. That is my point. When did she use her woman card?
Playing a victim by saying the bf at the time made her do all this stuff is such a typical woman’s card. From what I saw of this lady, she was probably the one manipulating and assaulting the guy to do what she wanted. Sexual assault and abuse goes both ways. The only problem is that society laughs at men about it.
He was 20 years older than her. SA from her is unlikely in this case.
@@kmariamv Why is it unlikely? because you find him old and unattractive? you do realize she was with him, right? she must've seen something.
It's idiotic to suggest that it's unlikely since she was already having relations with him.
@Daisysky66 Found the shill
“Fraud is very hard to prove” dozens of phone calls showing proof of the complete opposite of what she confirmed with multiple investors 😂😂😂🤣🤣
Well deserved conviction. However, it must be said that the smart money all laughed at her because her claims were ridiculous to anyone with rudimentary knowledge of the healthcare industry. The folks who invested in her company deserved to be taken because they had no understanding of the science nor did they hire real experts to advise them. The only assays that sort of worked of Theranos were all PCR based (which any smart high schooler could set up) which does nothing to analyze lipids, sterols, and proteins--the most important assays in blood tests. Any decent investor who just asked some questions would have learned that and not invested a penny.
Don’t be so swarmy. She tricked and fooled *many* smart, well-educated people - all over the place, from media to investors to employees. I still remember reading an early article about her in _Wired_ .
There’s lots of psychology and sociology that can be unpacked here.
::
Shame on her for misusing her (incomplete) Stanford education. She’s a greedy sociopath. She’s like a Milliken, Madoff, Trump, etc.
I agree I don't know how anybody bought that My Doctor takes 3 tubes when I go She probably figured she could prey on people that are afraid to take a blood test
LOL, they all knew is was a scam, they just keep quiet cause they're hoping to cash in on the IPO and get out before the suckers are caught holding the bag. It's classic biotech pump and dump, holmes and balwanis only mistake was not coming up with and exit strategy or a plausible excuse for failure insulating your from prosecution for fraud. I worked in biotech for years, trust me 99% of it is let's blind them with science snake oil salesmanship.
Agreed. I've been involved in healthcare benefits for almost 40 years. When the medical director at the time at the new company I started with was fawning all over the Theranos potential, it didn't pass the smell test for me. There are certain physical reasons why some things like blood tests require the amount of blood they require. The company was a scam from the beginning.
@@JohnD357 Entresto is a scam too
I work for a Pathology company-AND NO WAY can we get away with these lies this lady choked up - we get an internal audit and a national audit !!! - HOW IS IT POSSIBLE that her firm was not ❓❓❓❓❓
The length of her prison sentence will be based on whether the judge thinks with his brain or something a bit further down.
Not betting on the latter
No She will find Jesus in prison All will forgiven and she will be eligible for parole
@Lucille Bennett I agree
Why can’t she go to jail already?
She's blond and very White with some powerful connections.
Because the legal system is very slow about doing just about anything. She'll likely go to jail eventually.
She still has the appeals process, I heard someone say it could be 18 - 24 months before she goes to prison. I hope they’re wrong, but this stuff takes forever, she was indicted back in 2018
@@pete6705 They can definitely move her case up faster and deny the appeal.
White collar prison at that too, and it'll be 2 years before she sees any jail time
Right off the bat, this story was far too favorable to her, seeing as they still call her monstrous fraud lab a "startup." It's an affront to founders and employees at real startups with real products.
Oh my God I'm a woman I've been abused have sympathy for me. Which has nothing to do with the case and her actions. Even if it was true. But I doubt that it was true because it only came up when she was prosecuted, come on!
Incredible how even now she managed to wriggle out of all but 4 charges
Even before everything came out I told my wife I was very skeptical of her claims because people dedicate their whole lives to achieve a breakthrough in research. I just thought based on her lack of experience and the extremely short time frame it was highly unlikely what she said was true. I guess she really took, "fake it till you make it," to the extreme.
To those who are concerned that she will walk free please note that all her charges have a mandatory fine up to$250,000 ( I believe ?) so she could have to pay up to $1,000,000 and each charge carries a mandatory prison sentence of up to 20 years and and they are most likely to run concurrently, which means that if she were found guilty on ANY of the counts (even just 1) she would serve the same sentence as if she were found guilty on ALL the counts. Thus she will be sentenced to prison in the future, ( maybe 6 Months from now,) but until that time she is allowed to be out of custody. The reason being that: while a murderer or other extremely dangerous criminal to the community or public at large or someone who poses a flight risk would be taken into custody, immediately after a guilty verdict, an individual who does not present a danger or threat to the public is often allowed to be out until sentencing happens. EH is restricted from engaging in any investing and most likely has other restrictions placed upon her, and if she were to attempt to flee before sentencing, or does not abide by said restrictions, she would absolutely be taken into custody immediately and could then face additional punishment or harsher sentencing. The judge and the Prosecutors obviously don't believe that she poses a threat to the community or public at large, or that she is considered a flight risk, so she is allowed to be out of custody until sentencing happens. In my opinion, Ms. Holmes should use the time to educate herself about life in prison so she can survive the time she will serve behind bars.
Thanks for that detailed and thoughtful comment. Makes a lot of sense. I'm sure my question is very google-able but i'll still ask. How much "prison survival" education is required for a white collar prison? She will most likely not serve with violent criminals but others serving similar fraud sentences. I would be shocked if she serves more then 10 years in prison when it's all said and done.
So what? The law is only as good as its enforcement. And it is not enforced around the rich.
you talk too much, get to the point, she will never serve a long sentence
She's a threat to society at large. She's a predator. The fact that she's not a violent criminal doesn't mean that people will not die because of her psychopathic and narcissistic conduct. I concur
@@mrleebaines8611 Exactly
So she got a slap on the wrist.
some women are professional liars and jump on the " he abused me, he. bullied me" band wagon.... i hope she as a strong woman gets 40 years which should be easy for her, as she is a strong American woman.
Just as men are too.
@@Didenne Clearly you are yet to meet one 😁
@@SkenonSLive yet to meet a man? Lol what kind of comeback is that
@@Didenne You considering that I need a comeback is almost as sad as your original remark...
They would never put a cute girl in jail like this. Return her to her $135 million dollar mansion. She is too good for jail. You can’t shackle her up unless they are gold-plated.
She cleans up well, but I don't think she is pretty and her fake deep voice scares me. lol
@@stemikger she doesn’t scare you. My aunt MARMALADE would scare you. She celebrates Halloween all year. She is cute. She doesn’t look like Richard Simmons. She’s a soft girl.
They would throw the book at her if she was Brown!
@@stemikger
But she's blonde. Isn't that a get-out-of-jail-free card?
She will go to jail and she will also be sentenced to pay back 100 million dollar. If she ever will be able to pay back the money is obviously a different story ;-)
My prediction is she gets about 5 years in prison, and will be out in maybe 2.
and back to ripping off the public.
Federal sentence has no early release. They get 54 days off the sentence a year for good behavior.
2 years and will suddenly have billions of dollars ... again
@@markcourson3151is correct, they have to serve 85% on good behavior. the only thing she could do is apply for a sentence modification. so say she serves 12 months out of that 5 years and applies for the re-classification/modification/whatever they call it in the fed system and its granted and they change it to two years, she can also request to be put into community reintegration and could be released that same day to home confinement/house arrest (whichever you prefer to call it) or to a halfway house and only serve a year actually behind bars.... that's usually what rich people do, but there's plenty of rich in the fed system Bernie Madoff (who committed suicide serving 150 years), Allen Stanford, Michael Malkin, etc.
Then a book deal to make her billions, spouting her-side BS.
The scene in the dropout where she considers taking apart already working large analysers (such as those built by siemens) so late in the game is very telling- she didn’t even understand how they work. As an actual hospital scientist using these on a day to day basis I can tell you they actually already work with a tiny amount of blood anyway. It doesn’t sound to me like she ever set foot in a proper lab running these tests in her life before coming up with her “vision”
She's a grifter, a lot of people may be on her side because she's very persuasive. She's just a con-artist; a very able con-artist
She’s a white woman batting her big eyes so yea, she knows what she’s doing
@Lucille Bennett I am basing my opinion not only on the news but also several interviews I've seen of her. Why are you defending this woman? She's the equivalent of a snake oil salesmen
What a bogus verdict. She knew and her knowing is obvious. Guilty on all accounts, but it is what it is. She won’t be able to defraud patients most importantly again . People should care more about patients before they become one
It's just the beginning of her CEO comeback story. In America, where Martha Stewart now bakes cookies with Snoop Dogg, anything is possible.
So much for democracy.......huh????
Such a scam, and can't believe silicon valley took so much time to arrest here..
"I am who i am now is because of many years of abusive relationship in the hand of my ex- boy friend." Seem like the defendant legal excuses is working out quite well in the trial. 🤣
Playing the world smallest 🎻.
20 years. Madoff got two lifetimes. She lied her way to billions of dollars. What makes her any better then he.
She likely won't serve more than a couple of years in a minimum-security prison with hotel-like amenities. And meantime she can write her memoirs and paint herself as a misunderstood feminist hero/victim of patriarchy.
I am hoping for 40.
One last show: parents holding hands, deer in the headlights gaze, new boyfriend, even a new baby.
Experienced judges see through all of this: FRAUD
She seemed to to have found herself a rich simp, he is probably paying all the legal fees
Hey, that's Christian Holmes [0:01] , VP of Enron, holding hands with Elizabeth. Birds of a feather.
Yea, her father. The media loved to gloss over that screaming red flag. 🚩 Not saying they had to assume she was a scammer from the jump, but her investors and the media could have at the least, done their due diligence and asked a TON more questions. A lot of holes would have been exposed in her narrative a lot sooner. Two historical scams in one family, not a good look at all.
I really wonder where the federal regulators / inspectors of the Department of Health and Human Services were when all of this occurred --- that's where the defense should have handled their case to begin with. If the authorities don't certify your product, you can't put it on the market.
She never defrauded anyone!?! What the heck!?! 😡 All those innocent sick patients and the ones who died or never received the proper care!
Set precedence! You can’t keep selling lies!
Standard practice in Silicon Valley.
Unless you're in government...
It's heart warming knowing what she has to look forward ❤️ to
I rate this verdict 4/11.
So Holmes said “Yes, I altered documents and put the logos of pharmaceutical companies on top of the letters, BUT I DIDN’T THINK THAT WAS MISLEADING.” Huh?
This must make a show case that these types of crimes will be punished and not forgiven.
The reality is that what she was tried for - wire fraud, wasn’t what we as the public wanted her to be found guilty of- endangering/harming the lives of hundreds of patients who got her tests. We were bound to be disappointed. I got to give her credit for fully committing to a carefully crafted narrative and persona that will likely yield a light sentence and early parole.
LOL no one was harmed..... the blood tests were real, but done in a different location.
She was doing the same as Madoff.
@@mikatu madoff got 150 years. She won’t.
@@mikatu Blood tests were inaccurate and she could’ve done serious medical harm to her patients
these people are good at observation and examination of society
I want to see this scammer in prison.
"They" knew about it for a long time. 🙄 I just don't see why she is so critical. She has to have some marbles against people.
“Elizabeth Holmes”, a poem -
She’s got a new identity.
The way it was meant to be.
Felon Liz.
That’s who she is.
Sweet reality.
😂😂
You have to wonder about the mentality of morons who make up poems in comments. Not once but twice.
If I were Billy Evans : "I'm saying goodbye Elizabeth, and it is not too soon"
Honestly, to me she looks like a cyborg from sci-fi movie. Instead of dabbling in science, she might be more successful writing her twisted tale in a novel. Moneys is not everything.
Happy I can read a WSJ piece without being forced to subscribe
I bet she won’t get jail time in the end..
Just goes to show justice is different for rich people
Bravo John Carreyrou and bravo WSJ!
Holmes while naming the company wanted thenos but that was taken so she settled with Theranos.
lol hashtag true story.
I’m glad she didn’t go with thanos
Her biggest crime was not blinking enough
Female Steve Jobs turned out to be female Bernie Madoff...
There is simply NO similarity between making a sales pitch and testifying in court. The key ingredient missing is the "lust" of the investor which lures many to ignore obvious issues about their investments. Indeed they are often desperate to believe. On the stand there simply is no such dynamic at work.
In a very simple nutshell- she deserves even much, much, much more ❗
Her voice and looks reminds me of the movie Romy And Michele's High School Reunion. They said they invented post- its 🤣
Why do these criminals like to hold hands in front of the media?
Fun fact: it's hard to promote RUclips channel so I should write such comments to promote it.
Yeah tell me about it
I would like to think she had good intentions and really thought it was possible. But after as much research as her company did they should have realized soon this wasn't possible.
True
No she never had any good intentions from the start if she had her company would have raised funds based on an idea not on having the actual tech to do hundreds of blood tests.
As she is a creation of the Silicon Valley Industrial Complex; which runs from entrepreneur drop outs, angel investors to VCs, PE and the attorney ecosystem, there is nothing surprising about her behavior and defense. That she was willing to play with peoples's lives or had angered the wrong people, may have been her downfall. But, there are so many here in SV where the hubris has made billions from bits and bytes. So have we really scared or deterred anyone or has the court set a precedent? I fear not.
In the end she ran out of men to blame.
It's funny how people so blindly turn these individuals into something that is beyond question. Holmes is now judged for all her dishonesty that was previously shrugged away by the fanbase. I wonder when Musk fans will start asking where Tesla Trucks are, why the hyperloop ended up being nothing, why Musk basically conned states into giving him factories, how neuralink is nothing like what he claimed, why we'll continually not reach Mars on his deadlines, why self-driving is far beyond what Tesla is even close to achieving, how he's conning the other board members of Tesla repeatedly for which he is now being sued for one instance of, how he's actually invented nothing and is a founder of nothing. He just ret-cons his name onto companies once he has invested. He's quite similar to Trump, just that left-leaning people like him for some reason. He's nearly bullet-proof today, and people won't take a single criticism of him.
@Kyul Kim does he really? Pm me when he delivers :)
I still haven't understood this case completely. Was she trying to make this project a success or did she already know it wouldn't work at all but still pursued this project just to gain financial benefits/funding and donations from people? Did she intentionally scammed people for money or did the project just didnt work and failed miserably?
She truly thought she could get it to work. It’s commonplace for entrepreneurs to finesse investments for products that don’t actually work or sometimes even exist at the time. That’s how it started. It quickly snowballed into a situation where she needed to put more money and effort into keeping up her huge lies than into actually creating the technology :/
I recommend you watch the dropout
There are many good explanations of what happened at Theranos but my favourite can be seen on the Cold Fusion channel
Thank You Wall Street Journal
She is going to impersonate Stone Cold Steve Austin in prison for street cred.
That is very correct.
The most sinister part was that Holmes knowingly gave wrong test reports to the patients, leading to serious medical problems of them. But she was not found guilty of that charge.
@Lucille Bennett the doctors depend on the report. If the report is wrong then diagonsis and prescribed medicines will also be wrong.
@Lucille Bennett what technology you're talking about? Which does not exist!!! If you have iota of scientific knowledge, you would know that from pricking blood droplets, the tests promised by Holmes cannot be performed. Holmes has no backround of medical science and she deliberately exploited the hype around her. Even when her frauds were exposed by WSJ, she vehemently denied it knowing fully well that she was caught. She went on aggressive lie but finally she is caught up. Now she is playing victim card very well and jury also accepted it. The next is Balwani's trial and it remains to be seen how jury react. Educate youtself before commenting.
@Lucille Bennett why then the chief of lab committed suicide? Why she threatened her employees with law suit against speaking truth? But truth prevailed and Theranos went bankrupt. This bankruptcy is a real and due to falsified claims of Holmes which finally fell on her like a rock crushing her in the process. Truly she is both a sociopath and psychopath with high confidence that no one can touch her, because of high profile Board. The investors burnt their money because of their own folly but patients believed her and she with her sinister design deceived them with serious consequences.
@Lucille Bennett very funny logic of yours. I am looking for a technology which will make 80 year old man to look and healthy as 30 years old. I employeed scientists and who did not endorse my view. I got enourmous fund from idiotic investors. And some 80 year old people tried my technology with no result. The techonology failed. And my company failed. End of the story.
@Lucille Bennett surely Holmes is a disgusting person. Why should she claim that the test results from Edison were correct when she knew that was not true. She could not explain her project technology to the health sector funds and could not get any funding from them. The investors did not do due diligience process before giving her the money. Most importantly she does not have any medical background. Steve Jobs was successful because Wazinick was there, Zuckerberg is successful because he knew how to write code and similar is the story of Gates. They know their domain. But Holmes does not. People understand sinister design of Holmes and obviously they would speak bad about that.
As to how Elizabeth Holmes was able to dupe investors, P. T. Barnum said “there’s a sucker born every minute”. As to how Elizabeth Holmes was ultimately exposed as a fraud, Abraham Lincoln said, “You can fool all the people some of the time or some of the people all the time, but you cannot fool all the people all the time”.
Who's responsible for picking these jurors? terrible job.
Nikola next?
It's amazing how she convinced a simp to put kid in her before trial. Kid is going to suffer for no reason.
And she found a rich one, at the perfect time. I bet he is paying the legal fees too
He must be 'tarded to not see that she is a psychopathic reptilian cnut. She has locked him in for life by unloading an offspring. His life is over and will no doubt end up being in a complete nightmare situation.
Interesting how her eyes in the latest photos aren’t as opened as she always kept them , she was into a role back than it seems
I just finished reading the book "Bad Blood" last week. Fake it until you make it...
Strong independent woman needs a man to take her to court
Fingers crossed for a stacked sentence on all 4 charges. She could be retried on remaining 3 charges AFAIK. Hope is for something with meaning, like 40 years. I think 10 years per charge, 50% of maximum is going easy on her. Should be stacked due to her role in the crime, severity, and $ involved. She could be out as soon as 34 years!
If judge wants to throw a book, give her max - 80 years.
Personally I would not mind max.
unfortunately the talk is of concurrent sentences.
@@huzcer Well it is rare to get stacked sentences unless crime is grave - Bernie Madoff got concurrent sentences for his fraud as crime was "grave" - similar should apply here - its not like she defrauded for few million $$$ she is a symbol of fraud, same as Bernie is. Even more, fraud runs in her family - clearly they do not understand its "bad".
@@tomk3732looks like you're confused on what concurrent means.... Madoff was sentenced on a consecutive / stacked / non-concurrent basis. That's how he got 150 years. None of the individual charges that he plead guilty to had a maximum sentence of more than 20 years. But very little chance that Holmes will get consecutive / stacked sentences. The investor money involved wasn't even 1% of what Madoff stole.
@@huzcer Sorry that is what I meant - stacked - as per first sentence, just typed not what I thought - that is my point - he got 150 as they stacked them due to severity of the crime. As for her stealing, she was personally accused of 1% of Madoff (700m vs 65b) BUT the whole company that collapsed was worth 10B.
@@tomk3732 The valuation is only on paper - doesn't matter a jot really. it wasn't a public company obviously so was only based on the last funding round. it's not real money - only a theoretical figure. the real money was the money handed over. I think that she deserves a long stretch but zero chance imo that it will be consecutive.
Which voice did she testify with ?
What people don't know that Juries are selected and eliminated by lawyers "voir dire" according to presumed weaknesses and possibly favor their own interests in the case. In this case the defendant attorney most probably went for the "woman" card hence the 4 out of 11 result and not guilty on patients.
Elon beware
How in the world did the state not get a win on all of these charges? Anyone remotely familiar with this story understands she is guilty as Madoff.
Yes indeed, she's a massive crook - but she was entitled to be tried by people who didn't know that and had no opinion of her, to just focus on the evidence they were presented with. That's fair, and how Justice should work - an impartial jury just considering the facts as presented to them, rather than any other opinion.
@@vercoda9997 yeah I hear that and from what I’ve been learning they were a very letter of the law group.
Elisabeth holmes must be lockt up behind barres for 80 years minimum!
She was guilty of defrauding the investor. She was not guilty of defrauding the Patients!
Let that sink in.
I guess the Judge didn’t find her that persuasive after all.