 | | 
14.09.2020, 14:25
| | 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 | 
14.09.2020, 14:51
| Forum Veteran | | Join Date: Apr 2013 Location: Currently in Switzerland
Posts: 514
Groaned at 20 Times in 13 Posts
Thanked 622 Times in 230 Posts
| | 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!
| 
14.09.2020, 15:33
| | Re: Elizabeth Holmes/Theranos | Quote: | |  | | | 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!
| 
14.09.2020, 15:43
|  | Forum Legend | | Join Date: Oct 2019 Location: Suhr, Aargau
Posts: 4,360
Groaned at 73 Times in 68 Posts
Thanked 6,086 Times in 2,869 Posts
| | Re: Elizabeth Holmes/Theranos | Quote: | |  | | | | | | | | 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.
| 
14.09.2020, 16:07
|  | Forum Legend | | Join Date: Nov 2007 Location: Zurich area
Posts: 13,010
Groaned at 100 Times in 89 Posts
Thanked 19,936 Times in 8,838 Posts
| | Re: Elizabeth Holmes/Theranos
Thanos? Yes, the guy is certainly as nuts as it gets.
Wait? Who?
| 
14.09.2020, 16:40
| Forum Legend | | Join Date: Jul 2020 Location: Frick, Aargau
Posts: 2,876
Groaned at 62 Times in 50 Posts
Thanked 4,070 Times in 1,901 Posts
| | Re: Elizabeth Holmes/Theranos | Quote: | |  | | | | | | | | 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...
| 
14.09.2020, 16:44
|  | Forum Legend | | Join Date: Oct 2019 Location: Suhr, Aargau
Posts: 4,360
Groaned at 73 Times in 68 Posts
Thanked 6,086 Times in 2,869 Posts
| | Re: Elizabeth Holmes/Theranos | Quote: | |  | | | 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.
| 
14.09.2020, 16:58
|  | Forum Legend | | Join Date: Nov 2007 Location: Zurich area
Posts: 13,010
Groaned at 100 Times in 89 Posts
Thanked 19,936 Times in 8,838 Posts
| | Re: Elizabeth Holmes/Theranos | Quote: | |  | | | 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 | 
14.09.2020, 19:05
| | Re: Elizabeth Holmes/Theranos | Quote: | |  | | | 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.
| 
14.09.2020, 19:29
|  | Forum Legend | | Join Date: Dec 2010 Location: Lugano
Posts: 32,599
Groaned at 2,592 Times in 1,849 Posts
Thanked 39,693 Times in 18,713 Posts
| | Re: Elizabeth Holmes/Theranos
Who?
What?
Tom
| 
14.09.2020, 20:46
| | Re: Elizabeth Holmes/Theranos
Haha Tom! Sometimes google is your best friend | 
14.09.2020, 21:09
|  | Forum Veteran | | Join Date: Dec 2013 Location: ZG & GR
Posts: 674
Groaned at 4 Times in 3 Posts
Thanked 914 Times in 343 Posts
| | Re: Elizabeth Holmes/Theranos
Bad Blood by John Carreyrou is a great book. What a great fraud
| 
15.09.2020, 11:44
|  | Forum Legend | | Join Date: Oct 2019 Location: Suhr, Aargau
Posts: 4,360
Groaned at 73 Times in 68 Posts
Thanked 6,086 Times in 2,869 Posts
| | 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 | 
15.09.2020, 11:59
|  | Forum Veteran | | Join Date: Apr 2007 Location: Used to be Zurich
Posts: 1,706
Groaned at 94 Times in 64 Posts
Thanked 1,989 Times in 870 Posts
| | 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. | Quote: | |  | | | 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. | | | | | | 
15.09.2020, 12:07
| | Re: Elizabeth Holmes/Theranos | Quote: | |  | | | Who?
What?
Tom | | | | | | Quote: | |  | | | 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.
| 
15.09.2020, 13:18
|  | Forum Veteran | | Join Date: Apr 2007 Location: Used to be Zurich
Posts: 1,706
Groaned at 94 Times in 64 Posts
Thanked 1,989 Times in 870 Posts
| | 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. | Quote: |  | | | 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. | | | | | |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | | Thread Tools | | Display Modes | Linear Mode |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT +2. The time now is 18:37. | |