BREAKING NEWS: Disgraced Theranos boss
Elizabeth Holmes is found GUILTY of four
counts of wire fraud and conspiracy over
failed blood testing start-up: Jurors
clear her of three other counts, and remain
deadlocked on three
Daily Mail (UK),
by
Melissa Koenig
Original Article
Posted By: zephyrgirl,
1/3/2022 7:48:50 PM
Elizabeth Holmes has been found guilty of four counts of wires fraud after a jury in San Jose found that she deceived investors in her blood-testing device so she could rake in billions of dollars. The former Theranos CEO was acquitted on four counts and the jury could not reach a decision on three counts. Each count carries a maximum sentence of 20 years. After seven days deliberating, the jury earlier on Monday said it was unable to reach a unanimous verdict on three of the 11 criminal counts she faces.
Reply 1 - Posted by:
Hardright 1/3/2022 7:52:53 PM (No. 1027318)
Agree with OP. Hope the Judge throws the book at her.
18 people like this.
Reply 2 - Posted by:
Rat Patrol 1/3/2022 8:20:37 PM (No. 1027331)
Snotty vile person.Put her in a real jail for decades...
15 people like this.
Reply 3 - Posted by:
Schnapps 1/3/2022 8:30:00 PM (No. 1027335)
I recall George Shultz was an investor in Theranos when his grandson blew the whistle and they haven't spoken to each other since. I hope George is man enough to apologize - for his own sake.
21 people like this.
Reply 4 - Posted by:
DE01A13 1/3/2022 8:40:47 PM (No. 1027339)
Unfortunately, George can't apologize because he died on 2/6/21. Too bad because his grandson disserves one.
10 people like this.
Reply 5 - Posted by:
Sully 1/3/2022 8:41:22 PM (No. 1027340)
She faked it! Duh! What the h is wrong w those people?
8 people like this.
Not a perfect verdict but hopefully enough guilty counts to put her away for a long time. As for Schultz and the other senior government officials on her board, she sold them on using her gizmo on medevac flights. Really? When a soldier is bleeding out on the battlefield, learning his blood sugar level is not of great importance.
20 people like this.
Reply 7 - Posted by:
SkeezerMcGee 1/3/2022 9:01:47 PM (No. 1027356)
For years Holmes asserted that more then 200 of the Theranos blood tests could be conducted by testing a few drops of blood. Many individuals in and out of other blood testing companies in the U.S. had to have known - without any doubt - that these claims were false: impossible! Is there any evidence that more than a handful of individuals attempted to blow any whistle? - as Invalid blood tests can cause serious medical problems, even deaths. Probably the management of other blood testing companies were too cowardly to blow any whistle out of fear of being sued by the Theranos attorneys, who threatened several persons who raised questons regarding Holmes' claims, including Tyler Shultz, grandson of former Secretary of State, George Shultz. Tyler, who served Theranos for about 8 months, criticized the Theraons culture and the way its tests results were being registered. He gets my vote as the honest and brave "hero-whistleblower" in the Theranos scam.
https://techstory.in/tyler-shultz-the-theranos-whistleblower/
21 people like this.
Reply 8 - Posted by:
Rumblehog 1/3/2022 9:18:45 PM (No. 1027363)
This woman is a textbook case of psychopathy. She started out a delusional little girl playing "science" while her loser parents encouraged her, much like that Greta girl in Europe.
She thought of her delusional blood machine like the "Field of Dreams" in that, "If they fund it they will come (and figure out how to make it work). Her "Machine of Dreams" never stood a chance in hades of working, and when her scientists started telling her as much, she did a very common sense thing... she forced them into signing Non-Disclosure Agreements with massive penalties for uttering the truth to any investor.
I have to hand it to her, I really thought that only a male could be such a sinister, despicable person, but this psycho wins the prize.
31 people like this.
Reply 9 - Posted by:
stablemoney 1/3/2022 9:58:16 PM (No. 1027372)
General Mattis, do you think the Board of Directors did a good job?
27 people like this.
Reply 10 - Posted by:
Vaquero45 1/3/2022 10:05:31 PM (No. 1027375)
I wonder if she still talks in that weird low voice she affected….
17 people like this.
Reply 11 - Posted by:
DVC 1/3/2022 10:50:37 PM (No. 1027414)
A total scammer, like Dr. Fraud.
24 people like this.
Reply 12 - Posted by:
Otis Gill 1/4/2022 7:15:32 AM (No. 1027561)
Former U.S. Defense Secretary Gen. "Mad Dog" Mattis was on the board, along with former Secretaries of State George Shultz and Henry Kissinger, and a former Navy Admiral Gary Roughead, all lining their pockets while the deep-state cabal stole our country. Wretched traitors all.
18 people like this.
Reply 13 - Posted by:
TCloud 1/4/2022 10:02:44 AM (No. 1027736)
Waaay too smart for her britches and she out tricked herself and now pays a price!
4 people like this.
Reply 14 - Posted by:
Zigrid 1/4/2022 10:35:57 AM (No. 1027763)
Yeah...what kind of judge will make the sentencing recommendations....probably obama appointee...woke and marxist to the core...
2 people like this.
Reply 15 - Posted by:
broken01 1/4/2022 11:47:20 AM (No. 1027869)
I've followed the happenings of this person ever since FJB touted her "success" back in 2015. The whole birds of a feather saying comes to mind. This blatant fraud deserves jail time but something tells me she won't get it. What she also deserves is the lawsuits that will be coming her way from the people she defrauded.
8 people like this.
Reply 16 - Posted by:
Vincent Vega 1/4/2022 2:20:46 PM (No. 1028060)
Besides being a liar, thief, and all-around crook, IMO she was also a serious headcase. She seemed to have some kind of strange obsession with Steve Jobs, to the point of even dressing like him. I believe she considered herself the female version of him.
Then there's that phony low voice she affected whenever she was doing an on-camera interview. A while back I remember a video surfaced of her at some kind of social gathering and her voice sounded totally normal, not at all like it did on camera. I don't know if she thought the low voice was sexy or was trying to sound like a man or what, but it was definitely part of her phony public persona.
She got addicted to the fame and attention of being the "darling of Silicon Valley", then flamed out as a spectacular con artist. I look forward to seeing her on an upcoming episode of "American Greed" soon.
2 people like this.
Reply 17 - Posted by:
Donna M 1/4/2022 6:14:26 PM (No. 1028212)
Dear everyone, I've been writing about Theranos for a health tech blog out of the UK since 2013. I've followed it very closely.
By 2015 most everyone in our field knew that the labs didn't work right and the whole setup smelled like week-old bacala.
Holmes was convicted on 4 major counts of financial fraud about $150 million. Each count carries 20 years each. Typically in fraud cases, they are served concurrently.
The jury drawn from Silicon Valley types came this close to not making it through. Judge Davila, while appointed by Obama, was confirmed unanimously by the Senate in 2011. From everything I've read, he's presided over this very tough, high profile case over 2 years fairly and firmly. The jury deadlocked on 3 counts, not guilty on the weaker counts such as fraud against patients, and came in guilty on the strong ones--and heeded him on ignoring the defense's claims of abuse by her live-in boyfriend Sunny Balwani, who BTW is being tried separately as he was president.
Judge Davila is sentencing soon. My guess it'll be 10-15 at most--and she definitely will appeal. You really should read the details of the case in the WSJ, not the Daily Mail.
4 people like this.
Reply 18 - Posted by:
Donna M 1/4/2022 6:26:55 PM (No. 1028219)
#15, lawsuits have been going on in civil and state courts since at least 2017. Patient fraud is very difficult to prove without monetary damage or injury. Fortunately patients were NOT injured as the tests were so wildly off that doctors questioned them, and Theranos ran the bulk of their tests on standard devices as their labs didn't work. CMS came down on them in January 2016.
No, the harm that Holmes, Balwani, and Theranos did was financial. They deceived investors who had more money than smarts, who wanted very badly to believe this was The Next Big Thing. They deceived employees and the press, and those they didn't deceive, they tried to harass (David Boies is in this mix). Read John Carreyrou's 'Bad Blood' if you want to know more--Boies tried to destroy him.
They also screwed up the playing field for a lot of women founders in health tech for several years.
1 person likes this.
Reply 19 - Posted by:
DVC 1/4/2022 11:07:13 PM (No. 1028430)
She deserves to spend a LONG time in prison.
1 person likes this.
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Comments:
It should have been guilty on all counts.