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Elizabeth Holmes Theranos Fraud Was Way Worse Than What Shkreli Did
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Date: March 14th, 2018 3:54 PM Author: Brass Tripping Chapel Stanford dropout, Silicon Valley darling girl gets a slap on the wrist, pays $500,000 fine. Shkreli has to fork over more than $7 million, spend 7 years in prison. |
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Date: March 17th, 2018 2:44 PM Author: diverse infuriating shrine newt Her fraud was much bigger too. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35626437) |
Date: March 14th, 2018 3:56 PM Author: Buff boyish kitchen What did she do? (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35604944) |
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Date: March 14th, 2018 4:15 PM Author: lilac cerebral cuckold what did she do. She hit. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605121) |
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Date: March 17th, 2018 2:45 PM Author: lake provocative nursing home (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35626441) |
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Date: January 3rd, 2022 4:30 PM Author: bull headed irradiated temple (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43722590) |
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Date: March 25th, 2022 12:11 AM Author: Soul-stirring gunner area lmaooooooo (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#44213410) |
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Date: March 25th, 2022 12:22 AM Author: irate titillating antidepressant drug (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#44213476) |
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Date: March 17th, 2018 2:44 PM Author: diverse infuriating shrine newt Performed a chemistry. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35626438) |
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Date: March 14th, 2018 3:58 PM Author: Laughsome Citrine Candlestick Maker tbf all she did was mislead a bunch of retarded rich people to get them to invest (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35604959) |
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Date: March 14th, 2018 4:06 PM Author: Brass Tripping Chapel What did Shkreli do? (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605023) |
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Date: March 14th, 2018 4:10 PM Author: Laughsome Citrine Candlestick Maker i thought he jacked up drug prices but i didnt really pay attention to his shit (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605062) |
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Date: March 14th, 2018 4:15 PM Author: Silver mood parlor That is actually not illegal.
However, doing so brings attention to yourself and causes the Feds to scrutinize everything you do and gets them to throw the book at you when they discover your "harmless white collar crime." So instead of a slap on the wrist and small fine he loses his Wu Tang Clan album, loads of cash and gets seven years at Club Fed. |
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Date: March 14th, 2018 4:16 PM Author: Laughsome Citrine Candlestick Maker it looks like he was actually running a ponzi scheem and shit. ok lmao he deserves to go to jail then (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605138) |
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Date: March 14th, 2018 4:19 PM Author: misanthropic old irish cottage it's wasn't a ponzi scheme - he just lost the money and then used ponzi tactics to cover it up, before he struck it rick and was able to pay them back.
Madoff was all ponzi from the start. |
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Date: March 14th, 2018 5:30 PM Author: lilac cerebral cuckold (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605773) |
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Date: March 14th, 2018 5:39 PM Author: lemon pontificating therapy school cafeteria Still criminal. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605831) |
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Date: March 14th, 2018 5:42 PM Author: lilac cerebral cuckold Correct, but Elizabeth Holmes was a fraud from day 1 and solicited almost a billion dollars in investment based on that fraud (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605842) |
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Date: March 14th, 2018 5:43 PM Author: lemon pontificating therapy school cafeteria Nah. Her technology worked for some shit so she thought it worked but then she turned into a criminal. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605856) |
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Date: March 14th, 2018 5:44 PM Author: lilac cerebral cuckold I think a large portion of their funding was predicated on the stuff she made up (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605862) |
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Date: March 14th, 2018 5:44 PM Author: lemon pontificating therapy school cafeteria The other shoe hasn't dropped yet. The DOJ can still prosecute. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605868) |
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Date: March 14th, 2018 5:45 PM Author: Laughsome Citrine Candlestick Maker > claimed that Theranos’ products were deployed by the U.S. Department of Defense on the battlefield in Afghanistan and on medevac helicopters and that the company would generate more than $100 million in revenue in 2014. In truth, Theranos’ technology was never deployed by the U.S. Department of Defense and generated a little more than $100,000 in revenue from operations in 2014. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605870) |
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Date: March 14th, 2018 5:46 PM Author: lilac cerebral cuckold ty brother (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605876) |
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Date: March 15th, 2018 2:04 PM Author: Maize outnumbered locus round eye Dats wire fraud. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35611938) |
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Date: March 14th, 2018 4:13 PM Author: Concupiscible cumskin talked a lot of shit to people (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605101) |
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Date: March 14th, 2018 5:31 PM Author: lilac cerebral cuckold talked shit and got got (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605776) |
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Date: March 14th, 2018 4:14 PM Author: misanthropic old irish cottage misled fewer people and got them to invest a lot less money and paid them all back with a great return. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605114) |
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Date: March 14th, 2018 6:08 PM Author: Ocher dysfunction shitlib "great point, what's so bad about that?!" said Bernie Madoff (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35606050) |
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Date: March 14th, 2018 5:43 PM Author: lemon pontificating therapy school cafeteria DOJ hasn't spoken yet. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605851) |
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Date: March 14th, 2018 6:00 PM Author: Honey-headed Appetizing Hairy Legs But the SEC penalty could just be the beginning, right? Prosecutions, and $M's in lawsuits (if she actually has any money) could still follow? (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605989) |
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Date: March 14th, 2018 6:02 PM Author: misanthropic old irish cottage Seems like she agreed to the SEC penalty - i would imagine some deal was cut. I would be surprised (pleasantly) if they come down on her hard. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35606005) |
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Date: March 14th, 2018 6:08 PM Author: Honey-headed Appetizing Hairy Legs Does settling with the SEC really preclude all prosecutions?
And she's already been sued; hope more people sue her.
She's got a really crazed look about her; like she's been professionally made up to hide the crazy and is just barely holding it together for cameras |
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Date: March 17th, 2018 2:50 PM Author: electric flushed library No. Earl is a real estate lawyer. The criminal prosecution is coming and the investigation continues. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35626460) |
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Date: March 14th, 2018 6:07 PM Author: Multi-colored community account xo Liz Holmes (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35606040) |
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Date: March 14th, 2018 8:04 PM Author: Brass Tripping Chapel I hope the Department of Justice comes down hard on this one. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35606897) |
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Date: March 14th, 2018 8:08 PM Author: Cruel-hearted Dashing State Sandwich Because of the crazy psychopathic look in her eyes? (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35606917) |
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Date: March 14th, 2018 8:09 PM Author: Brass Tripping Chapel I guess. I don't really have a logical justification for my comment. I just have a deeply visceral negative reaction to this Lizzie Holmes character. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35606930) |
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Date: March 14th, 2018 8:11 PM Author: Laughsome Citrine Candlestick Maker lmao
For instance, Holmes and Balwani told one investor that Theranos' proprietary analyzer could process over 1,000 Current Procedural Terminology ('CPT') codes and that Theranos had developed a technological solution for an additional 300 CPT codes," even though "Theranos' analyzers never performed comprehensive testing or processed 1,000 CPT codes in its clinical lab," and in fact never processed more than 12 tests on its TSPU. 5 And Theranos would even do a little pantomime blood-draw demonstration directly on the investors:
This initial meeting was often followed by a purported demonstration of Theranos' proprietary analyzers, the TSPU, and the miniLab. In several instances, potential investors would be taken by Holmes and Balwani to a different room to view Theranos' desktop computer-like analyzers. A phlebotomist would arrive to draw their blood through fingerstick, using a nanotainer, a Theranos-developed collection device. Then the sample was either inserted into the TSPU or taken away for processing. Based on what they saw, potential investors believed that Theranos had tested their blood on either an earlier-generation TSPU or the miniLab. As Holmes knew, or was reckless in not knowing, however, Theranos often actually tested their blood on third-party analyzers, because Theranos could not conduct all of the tests it offered prospective investors on its proprietary analyzers. |
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Date: March 15th, 2018 2:08 PM Author: Useless Parlour Becky A justice is performed. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35611981) |
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Date: March 17th, 2018 2:44 PM Author: diverse infuriating shrine newt TCR. Shitlibbery in our justice system. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35626433) |
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Date: March 17th, 2018 4:22 PM Author: hot market codepig yep, way worse (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35626897) |
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Date: January 3rd, 2022 4:30 PM Author: motley dog poop (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43722583) |
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Date: December 31st, 2021 4:06 PM Author: Effete wine affirmative action (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43706271) |
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Date: December 31st, 2021 4:15 PM Author: seedy fighting forum She should be going away for 20 years. Anything less is a disgrace to the legal system. She committed a giant public fraud. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43706309) |
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Date: January 3rd, 2022 4:32 PM Author: Slate stirring stage people who are hurt women get treated w kid gloves (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43722600) |
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Date: January 3rd, 2022 4:31 PM Author: curious step-uncle's house Shkreli did nothing wrong but make enemies in high places. (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43722596) |
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Date: January 3rd, 2022 8:07 PM Author: motley dog poop tbf, so did Holmes. but she fucked em out of a billion along the way. Shkreli just thumbed his nose at them (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43723805) |
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Date: January 3rd, 2022 9:42 PM Author: salmon cruise ship if you thumb your nose at kiyo matsumoto, 7 years for you (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43724357) |
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Date: March 25th, 2022 12:07 AM Author: Effete wine affirmative action (http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#44213388) |
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Date: March 25th, 2022 12:18 AM Author: hot market codepig "Until a drug company executive goes to jail, this won’t stop. They simply say, ‘We’re going to kill X many people, injure Y. Of those, only A percent will know, and of those, only B percent will be able to do something about it.’ Factor all this into the price of doing business, including payoffs to the families of the ones they kill, and they’re still making huge profits. Whether someone is actually so diabolical as to put it into those words, or whether it’s just the way things work out, I don’t know. The result is the same." -Crisis of Conscience: Whistleblowing in an Age of Fraud, by Tom Mueller
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Date: March 25th, 2022 12:19 AM Author: hot market codepig Given the level of corruption and human harm he encountered, Jones insists that he had no real choice: he was compelled to blow the whistle, because inaction would have made him an accessory to the crime. In this telling, there is an inevitability to what happened, as if he were the protagonist in a Greek tragedy, walking the path that the Fates had foretold.
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