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Old 14.09.2020, 14:25
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Elizabeth Holmes/Theranos

I just read that her defense team are seriously considering an Insanity Plea??!!

Well, I doubt she is/was crazy but those who invested in her company/Theranos? Nuts!!

Here's an interesting article:

https://www.bloomberg.com/opinion/ar...robably-wasn-t
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Old 14.09.2020, 14:51
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Re: Elizabeth Holmes/Theranos

Insanity is usually the last defense of scoundrels.
Actually the insane people were all those who celebrated her including the media which is now hounding her. There is technology and there is vodoo. Her entire set up was vodoo but no one wanted to call her out on it. The HBO documentary on her is great!
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Old 14.09.2020, 15:33
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Re: Elizabeth Holmes/Theranos

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Insanity is usually the last defense of scoundrels.
Actually the insane people were all those who celebrated her including the media which is now hounding her. There is technology and there is vodoo. Her entire set up was vodoo but no one wanted to call her out on it. The HBO documentary on her is great!
The book "Bad Blood" by John Carreyrou is also very good; Carreyrou was the investigative journalist from the WSJ who first wrote of suspected fraud at Theranos. What I cannot understand is why investors would continue to lend without doing proper due diligence. It boggles the mind!
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Old 14.09.2020, 15:43
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Re: Elizabeth Holmes/Theranos

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I just read that her defense team are seriously considering an Insanity Plea??!!

Well, I doubt she is/was crazy but those who invested in her company/Theranos? Nuts!!

Here's an interesting article:

https://www.bloomberg.com/opinion/ar...robably-wasn-t
Well, +1 for being original. Not common at all to defend a fraud by claiming Insanity

On the other hand. It takes a bit of crazy to believe you're helping the world by lying and defrauding. "i thought I was doing the right thing" will be said a lot.
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Old 14.09.2020, 16:07
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Re: Elizabeth Holmes/Theranos

Thanos? Yes, the guy is certainly as nuts as it gets.

Wait? Who?
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Old 14.09.2020, 16:40
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Re: Elizabeth Holmes/Theranos

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I just read that her defense team are seriously considering an Insanity Plea??!!

Well, I doubt she is/was crazy but those who invested in her company/Theranos? Nuts!!

Here's an interesting article:

https://www.bloomberg.com/opinion/ar...robably-wasn-t
What was her end game I wonder? I mean its hardly a life plan doing a bizzare Steve Jobs impression with a fake product? I guess she may have cash hidden away somewhere - but still...
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Old 14.09.2020, 16:44
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Re: Elizabeth Holmes/Theranos

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Thanos? Yes, the guy is certainly as nuts as it gets.

Wait? Who?
It is relevant. The fake it til you make it culture of startups goes to trial. One thing is what a technology can do today, and a whole other is what that thing can do after successful development. That hasn't stopped lots of companies to sell quackery to investors and take customer orders for products that still don't exist.

It was really curious that when the first fraud accusations were done, lots of people ran to defend the fraudster on the media..such hardworking visionary, bla bla....once the fraud was uncovered, said people just pretended nothing happened, "it was the only fraud around here, we're not like that, truth is not manipulated".

Of course, a healthy amount of skepticism and cynicism is needed to watch this show.
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Old 14.09.2020, 16:58
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Re: Elizabeth Holmes/Theranos

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What was her end game I wonder? I mean its hardly a life plan doing a bizzare Steve Jobs impression with a fake product? I guess she may have cash hidden away somewhere - but still...
The hope of a break through? You are just that close to the final product. I wonder what the involved engineers and biologist actually did and thought about the sham.

Found it.

In the corporate research system, the people are represented by two separate, yet equally important groups: the project managers, who invent strange requirements and the development engineers, who try to implement what was ask. These are their stories:
Research & Development : Major Quack Unit
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Old 14.09.2020, 19:05
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Re: Elizabeth Holmes/Theranos

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The hope of a break through? You are just that close to the final product. I wonder what the involved engineers and biologist actually did and thought about the sham.

Found it.

In the corporate research system, the people are represented by two separate, yet equally important groups: the project managers, who invent strange requirements and the development engineers, who try to implement what was ask. These are their stories:
Research & Development : Major Quack Unit
Read the book; she and Sunny engineered this fraud and knew exactly what they were doing. They were able to evade proper "due diligence" with a cloak of secrecy - or borderline paranoia - that "someone" could steal their technology. The irony is that the machine/technology never worked consistently.

And investors bought it, hook line and sinker and never did the due diligence required of most companies before investment. What a laugh on one hand but sad for individual investors who bought into the media hype and their scam.

I have zero sympathy for Holmes. Interesting in that she eloped with a hotel property heir and according to reports, his family felt he was "hoodwinked" (a common theme here with Holmes!) and was not happy with the union.
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Old 14.09.2020, 19:29
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Re: Elizabeth Holmes/Theranos

Who?

What?

Tom
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Old 14.09.2020, 20:46
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Re: Elizabeth Holmes/Theranos

Haha Tom! Sometimes google is your best friend
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Old 14.09.2020, 21:09
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Re: Elizabeth Holmes/Theranos

Bad Blood by John Carreyrou is a great book. What a great fraud
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Old 15.09.2020, 11:44
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Re: Elizabeth Holmes/Theranos

Read about this fraud today. The equivalent of ~100 million dollars back on 1872 were defrauded. The charade lasted 26 years and it was uncovered only 1 year after the inventor's death https://en.wikipedia.org/wiki/John_Ernst_Worrell_Keely

Vaporic gun, etheric generator, hydro-pneumatic-pulsating-vacu-engine, quadruple negative harmonics.......sounds like any contemporary green energy company
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Old 15.09.2020, 11:59
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Re: Elizabeth Holmes/Theranos

Terrifisch - Did you watch HBO's 2019 documentary, The Inventor: Out for Blood in Silicon Valley? After seeing this, it makes me think that an insanity plea is NOT so farfetched. Even if they knew exactly what they were doing, the daily effort of Holmes control over everything; from her voice, to the mgmt of an extremely powerful Board of Directors - it boggles my mind and convinces me that Holmes is some type of socio/psychopath.

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Read the book; she and Sunny engineered this fraud and knew exactly what they were doing. They were able to evade proper "due diligence" with a cloak of secrecy - or borderline paranoia - that "someone" could steal their technology. The irony is that the machine/technology never worked consistently.

And investors bought it, hook line and sinker and never did the due diligence required of most companies before investment. What a laugh on one hand but sad for individual investors who bought into the media hype and their scam.

I have zero sympathy for Holmes. Interesting in that she eloped with a hotel property heir and according to reports, his family felt he was "hoodwinked" (a common theme here with Holmes!) and was not happy with the union.
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Old 15.09.2020, 12:07
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Re: Elizabeth Holmes/Theranos

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Who?

What?

Tom
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Haha Tom! Sometimes google is your best friend
I take the view that if a poster CBA to give some context it's not my job to google for what is undoubtably of little or no interest to me. Tom's comment, I think, is not indicative of his interest either, but rather just pointing out to you that you might have a better chance of engaging people in discussion if you could be bothered to provide at lesst a little bit of context.
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Old 15.09.2020, 13:18
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Re: Elizabeth Holmes/Theranos

And then again, one could have clicked on Terrifisch's link in her OP. Seems like plenty of context to me.

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I take the view that if a poster CBA to give some context it's not my job to google for what is undoubtably of little or no interest to me. Tom's comment, I think, is not indicative of his interest either, but rather just pointing out to you that you might have a better chance of engaging people in discussion if you could be bothered to provide at lesst a little bit of context.
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