Elizabeth Holmes found GUILTY on 4 out of 11 federal counts

Bragr said:
Man, people have been using that excuse for 20 years. People have been paying the worst scumbags billions of dollars over the last decades and everyone just goes "hey, it should be legal!".

It should be, but it's not.
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What year are you from, traveler?
 
Totally legal in my state. Feds ain't kicking my door down, or stopping me from buying it. Sooo... it's legal and locally sourced. Dunno your other stuff, but totally fine.
 
bender said:
I'm going to pick up a black turtleneck, talk in a deep voice and go on a crime spree. Let's see how little time I do.
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You'll be fine, just don't make her mistake. Trying to pull one over on the rich gets you punished. If her only crime was swindling the poor, nobody would bat an eye and this would be a couple years jail if that.
 
11 years seems about right.

On one hand I can see feminist say its excessive because some dude didn't even go to jail.

But then Madoff got 150 years lol. Martin Shkreli got 7 years for a much lower crime.
 
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EviLore said:
Just came in. Sentenced to 11.25 years.
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OK, this seems harsh and will silence many more women who are now too afraid to go to court. They should have acknowledged the fact that she is a woman - and therefore can't be held accountable for her actions because she is a victim of the patriarchy.

I suspect that a lot of her co-workers were mansplaining to her on a regular basis. That is mean and should absolve her from any responsibility.
 
Goalus said:
OK, this seems harsh and will silence many more women who are now too afraid to go to court. They should have acknowledged the fact that she is a woman - and therefore can't be held accountable for her actions because she is a victim of the patriarchy.

I suspect that a lot of her co-workers were mansplaining to her on a regular basis. That is mean and should absolve her from any responsibility.
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A bit on the nose, 6.8/10
 
Goalus said:
OK, this seems harsh and will silence many more women who are now too afraid to go to court. They should have acknowledged the fact that she is a woman - and therefore can't be held accountable for her actions because she is a victim of the patriarchy.

I suspect that a lot of her co-workers were mansplaining to her on a regular basis. That is mean and should absolve her from any responsibility.
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Had me going for a second, thought maybe you took a wrong turn and ended up in the wrong forum. 🤣
 
Court transcript of sentencing (paraphrased):

Moron: Jail? Nah fam.
Judge: Orly?
Moron: Yah rly.
Judge: You going jail, B+ of dat.
Moran: Fakh you.
Judge: lol, get rekt haemo goblin.
 
We had to study this case for a corporate/accounting fraud class I took.

Either she was nuts, or she knew she was completely defrauding, or she was trying to just float until the technology was able to catch up to what was promised (also fraud).

I dont really see any other choice between the three and neither option looks good.
 
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DGrayson said:
We had to study this case for a corporate/accounting fraud class I took.

Either she was nuts, or she knew she was completely defrauding, or she was trying to just float until the technology was able to catch up to what was promised (also fraud).

I dont really see any other choice between the three and neither option looks good.
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You are probably spot on with the bolded.
I don't think she had evil intentions. Everything looked highly promising in the beginning. Then when the flaws began to surface, she didn't want to spoil the image and kept it as a secret while hoping and trying to get it right in the meantime. When this didn't work out, she probably became a bit nuts too because she knew the longer this charade went on, the severer the damage would be. End of the story.
 
Goalus said:
Everything looked highly promising in the beginning.
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It did not. This was a start-up frat girl/bro mentality being applied to healthcare, which is the last place you want to "go fast and break things".

Peter Thiel in "Zero to One" specifically called out not investing and building healthcare startups - the costs are too large, the regulatory approval too great, the technology can fail after 10 years of research even before you go to market.
 
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She will go to jail for 3 months. They are using her to prove a point so she will get prison but it won't last long.
 
She's a liar but also find it hilarious that some very high level sophisticated people got caught up in all this (thinking about FTX too). So like at what point do we hold these people accountable for not doing proper due diligence? She sold a lie and they bought it because she looked enthusiastic/energetic? Fake it till you make it is ingrained in this tech generation, you can't be surprised. These extremely wealthy people are given the generous use of public tax dollars to fight their mistakes out in court. Fuck em
 
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The ol' faraway eyes. They're incapable of real relationships but working in bars those stray cats provided me with years of incredible, crazy sex. The "breakups" were sometimes drama but I thought it was worth it back then. The red flag is a beautiful girl that rolls solo. That's for a reason.
 
FullMetalx117 said:
She's a liar but also find it hilarious that some very high level sophisticated people got caught up in all this (thinking about FTX too). So like at what point do we hold these people accountable for not doing proper due diligence? She sold a lie and they bought it because she looked enthusiastic/energetic? Fake it till you make it is ingrained in this tech generation, you can't be surprised. These extremely wealthy people are given the generous use of public tax dollars to fight their mistakes out in court. Fuck em
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Right from the beginning it was fishy as hell.

You got all these giant medical companies doing blood tests their own way and some university student in her dorm makes a gadget a fraction of the size, way cheaper, and can somehow analyze for a ton more diseases and whatever.

If that isn't a snake oil salesman banging on your door what is?

Even stupider is that the company scammed customers by sending their fake gadget of blood to established medical companies to do the test and then send back pretending it was Theranos branded products doing the work. Or maybe they didn't even do that. They just sent Theranos paperwork saying the results and passed those results to people.

Unless Holmes and that CEO boyfriend of hers did all the backdoor shipping and receiving, where are all the fucks who handled all the admin and shipping of Theranos fakes to whichever real medical company did the work? Surely they knew some dumb shit was going on. Arent people supposed to be accountable in life if they see a crime happening and dont report it?
 
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StreetsofBeige said:
Right from the beginning it was fishy as hell.

You got all these giant medical companies doing blood tests their own way and some university student in her dorm makes a gadget a fraction of the size, way cheaper, and can somehow analyze for a ton more diseases and whatever.

If that isn't a snake oil salesman banging on your door what is?
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And all her investors were not medical professionals and refused to consult relevant experts probably thinking 'the establishment' will try and kill the idea.

In the end the thing that is most repulsive is applying 'go fast and break things' or 'fake it till you make it' or start-up bros to the field of human health, which should be the last thing you do.
 
12Goblins said:
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Normally she's right, as women don't typically get convicted and even if they do, never as harshly as men do for the same crime. It's actually a current problem in the legal system*.

Hopefully she's just ugly enough to get a man's sentence for this crap.


*Even wikipedia owns up to this:

"In the United States men are most adversely affected by sentencing disparity being twice as likely to be sentenced to jail after conviction than women and receiving on average 63% longer jail sentences."

src: https://en.wikipedia.org/wiki/Sentencing_disparity#:~:text=In the United States men,average 63% longer jail sentences.
Primary src: https://repository.law.umich.edu/cgi/viewcontent.cgi?article=1164&context=law_econ_current

So when people drone on about 'equality', it pays to remember that the theory behind such statements differs dramatically in actual practice. There is no meaningful equality under the eyes of the law. Some might laugh and say 'well I always knew that', but the issue doesn't always swing the way they think. Women are not, in fact, oppressed. They're hyper 'overprivileged'. Holmes isn't wrong with her remark.
 
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Cyberpunkd said:
And all her investors were not medical professionals and refused to consult relevant experts probably thinking 'the establishment' will try and kill the idea.

In the end the thing that is most repulsive is applying 'go fast and break things' or 'fake it till you make it' or start-up bros to the field of human health, which should be the last thing you do.
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Can't say I'm surprised people think like this though. I mean how often do you hear some one talk about getting funding for a cure for cancer or such? (Which pretty much ignores the last 70+ years of cancer research. For those that don't know the fight against cancers is going to be a marathon of better treatments for specific cancers over decades.)
 
Razvedka said:
Normally she's right, as women don't typically get convicted and even if they do, never as harshly as men do for the same crime. It's actually a current problem in the legal system*.

Hopefully she's just ugly enough to get a man's sentence for this crap.


*Even wikipedia owns up to this:

"In the United States men are most adversely affected by sentencing disparity being twice as likely to be sentenced to jail after conviction than women and receiving on average 63% longer jail sentences."

src: https://en.wikipedia.org/wiki/Sentencing_disparity#:~:text=In the United States men,average 63% longer jail sentences.
Primary src: https://repository.law.umich.edu/cgi/viewcontent.cgi?article=1164&context=law_econ_current

So when people drone on about 'equality', it pays to remember that the theory behind such statements differs dramatically in actual practice. There is no meaningful equality under the eyes of the law. Some might laugh and say 'well I always knew that', but the issue doesn't always swing the way they think. Women are not, in fact, oppressed. They're hyper 'overprivileged'. Holmes isn't wrong with her remark.
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Crazy eyes -10
Blonde and Blue eyed +20 unfortunately
 
Razvedka said:
So when people drone on about 'equality', it pays to remember that the theory behind such statements differs dramatically in actual practice. There is no meaningful equality under the eyes of the law. Some might laugh and say 'well I always knew that', but the issue doesn't always swing the way they think. Women are not, in fact, oppressed. They're hyper 'overprivileged'. Holmes isn't wrong with her remark.
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I just started seeing movie posters for "Tar", and as someone into classical music became interested. I later saw the movie is apparently not liked by the audience since they made woman a sexual predator, not a man.
 
I love how the emphasis is in her defrauding investors. Instead of putting people at risk over fake test results. She could have killed a whole bunch of people. But I guess it's always money First..
 
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TheMan said:
www.cnn.com

Elizabeth Holmes found guilty on four out of 11 federal charges | CNN Business

Elizabeth Holmes, the former CEO and founder of failed blood testing startup Theranos, was found guilty on four charges of defrauding investors, capping off the stunning downfall of a former tech icon.
www.cnn.com www.cnn.com

Quite a saga for this young criminal, but sentencing is still ahead.

What do you guys think- is she going to jail? Personally I'm going to bet no but hey maybe I'll be surprised.
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Sherlock will save her??

😱😱
 
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