US Files Criminal Charges Against Theranos's Elizabeth Holmes, Ramesh Balwani (wsj.com)
John Carreyrou, reporting for WSJ: Federal prosecutors filed criminal charges against Theranos founder Elizabeth Holmes and the blood-testing company's former No. 2 executive, alleging that they defrauded investors out of hundreds of millions of dollars and also defrauded doctors and patients. The indictments of Ms. Holmes and Ramesh "Sunny" Balwani, Theranos's former president and chief operating officer who was also Ms. Holmes's boyfriend, are the culmination of a two-and-a-half-year investigation by the U.S. attorney's office in San Francisco, sparked by articles in The Wall Street Journal that raised questions about the company's technology and practices. Ms. Holmes, 34 years old, and Mr. Balwani, 53, were charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud in an indictment handed up Thursday and unsealed Friday.
She sacrificed everything for her ambition.
and squat for the patients she defrauded. Figures.
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Gotta prosecute em all! I can't wait to see what Ivanka will be wearing in Supermax, Sassy Red or Summer Orange?
The other day, Slashdot had an article that she's going around Silicon Valley raising money for whatever her new scam is. I wonder if this will dampen her prospects.
And Twitler will probably pardon her, just like he's pardoned all the other scumbags who crawled up and sucked his cock.
Just asking - since she's imitated so much of his schtick already, I'm wondering if she'll know how to act when she gets sent to the big gray bed and breakfast.
All the juicy details are in the indictment.
Many here (and elsewhere, in the Real World) noted the bizarre disconnect between the treatment of Martin Shkreli (who deserved what he got, and more) and Elizabeth Holmes who was running a far vaster scheme to defraud but mysteriously seemed to escape any real personal consequences. A lot of that had to do with they way she smartly spread money around, getting a lot of movers and shakers on the board so that they could have a cut of the pie, and intercede on her behalf.
The news that she was getting funding for another scheme... err start-up... was flabbergasting. It is about time that her shenanigans caught up with her so that perhaps she will pay a real price, not just cough up (most of) her ill gotten gains.
Starships were meant to fly, Hands up and touch the sky - Nicky Minaj
"sparked by articles in The Wall Street Journal that raised questions about the company's technology and practices."
Those articles were written by John Carreyrou who is interviewed about Theranos by Nick Gillespie in this video. The video also provides a lot of background information. I was already familiar with the story but still found the video fascinating.
Additionally, Carreyrou has a new book out about Theranos, Bad Blood: Secrets and Lies in a Silicon Valley Startup. Have not read that, but it gets 5/5 stars with currently 257 customer reviews at Amazon.
Ceci n'est pas une signature.
worst part about all this is that there likely will not be another funded cheap/home/mass-produced lab-test replacement for years if not decades
right now there is a huge duopoly in the USA, the prices are terrible but if you have insurance you are probably insulated from the true cost and how it is hurting people
Anyone who didn't see she was ripping people off, from the beginning, deserves what they got. From day one she never showed how her system was supposed to work, never submitted any evidence to the FDA to show it worked, and never allowed anyone to try and reproduce her work. If those aren't alarm bells, you're deaf.
About time this criminal bitch and her minions to be prosecuted!
She is an innovator! An entrepreneur! A member of the Gifted Class! Continue to bow down to your great meritocratic betters, you ungrateful poors!
for stealing my heart
XoXo Izzy
Land of the free to be defrauded, home of the bravely litigious.
Just ridiculous it took Trump so damn long to end this obvious scam. Trump doesn't give a damn about the people.
Iâ(TM)ve met downs syndrome kids who think they are on a trip to the moon and they still have a firmer grasp of reality than you
What happened to you that made you such a delusional mess?
What are you going to do to try and fix yourself? Or is suicide in 2-3 years your only chance to finally meet reality?
I'm sure Trump will be quick to pardon fellow swindlers who were unfairly targeted by the justice system just because they were committing crimes.
"When information is power, privacy is freedom" - Jah-Wren Ryel
no pardon.
Dominionism, aka Christian sharia is indeed a thing. Who's the deluded one?
1. Move fast
2. Break things
3. Ignore laws
4. Beg for forgiveness not permission
5. ???
6. Go to prison
Any words of wisdom for Uber HQ employees?
Loool you need special help
Shkreli riled up the poors. There was a real danger he was going to become a rallying cry that lead to government regulation of drug prices or, worse, single payer health care. And he just would not stop. He wasn't punished for doing anything illegal. He was punished for raising the cackles of the working class. I almost think he was doing it on purpose. Poe's law. I mean, somebody _had_ to have told him that if he'd just shut up they'd let him off easy.
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Shut up and be butthurt because an unaligned piece of swamp trash who has sucked cock on both sides of the aisle is going to prison for charges completely unrelated to muh Russia, Drumpfkin.
This is what happens when you #trustwomen.
Lets hope she gets sentenced to life in prison.
Yes, totalitarian theocracy is an actual thing. A thing that almost nobody wants.
You need to have a reality check. Only proponents of Islam are seeking theocracies world wide - both passively and actively - in any sort of numbers to be meaningful enough to worry about.
Stop watching the Handmaiden's Tale. It's giving you silly ideas. (note: calling it Christian sharia is ridiculous - don't conflate religions to promote your ideological hatred).
If any of you would like to join me.
Sorry, what was that? All I could hear was the dick noise you're making while you fellate yourself.
No, but seriously. Manafort's charges have nothing to do with his work with Trump. As evidenced by the very public wikipedia page (and you can bet your ass if there was even the slightest connection that it would be listed in bold capital letters).
https://en.wikipedia.org/wiki/Paul_Manafort#Arrest_and_indictments
Trump is a traitor, Manafort is already singing in the prison shower. Trump will die in prison next to his bitch traitor sons and ugly mannequin daughter.
We don't need a Witch Hunt.
What we need now is a Dominionist Hunt.
If science has the answer, and it is real science that is credible and peer reviewed, then it should be used to make policy. For instance global warming/climate change is a real thing. If science doesn't have an absolute answer, then sure turn to faith for the rest.
We have the ability to reason, regardless of how we got it. It seems an awfully bad idea not to use it.
Too many politicians seem to want you to "Believe me" or believe way over simplified theories like tax cuts increase government income every time. I suppose believing unfounded theories comes with being indoctrinated in many religions, but when science says the explanation is bunk, then at some point you have to go with reason.
I want my politicians to not expect a higher power to bail them out; to lead and to live as if this is our one and only Earth, and we have to preserve it for future generations, not assume some all powerful force will keep us from mucking it up too bad. In short politicians should work towards making life on Earth better with the best information and science that is available, and only when science doesn't provide the answer is it time to consider religion, and even then you have to consider that not everyone believes the same thing.
I'd put her over my knee and spank her, but she'd have to call me daddy.
fuck the eyes and teeth Baldwanni guy,
but Holmes, burn bitch burn, as you go down. Remember the lives you ruined, the promises made, the lies, the WOMEN YOU REPRESENT and how your evil ways have tarnished their reputations.. The likes of carly fioreina, meg whitman, that dumb bitch whom fucked yahoo, the list goes on and on..
MAGA will persist
Of course it will, because the MAGA crowd found in Trump the exercise-averse incestuous child-fucker that they've always identified with.
Not entirely sure what the reference is but I'm looking more towards the heads of state, and others in positions of power who justify their laws and policies with, for example, direct quotes from the ancient Christian holy texts... And often nothing else. Recognize that reference?
Nope you just made it up like a typical leftie asshole.
is a bitch.
Reagan raised taxes 11 times when it became clear that trickle down (aka voodoo) economics didn't work. The difference today the Oligarchy truly doesn't want anything to "trickle down", they want to keep every last drop for themselves...
Obama did nothing to stop Americans using more coal than the Chinese ffs. At least Trump got some votes out of it. Why didn't Obummer do anything about it?
The popcorn's still hot...
The issue that I really have with you is that you're fucking dumb. TARP bailouts for banks and auto manufacturers came from the Bush administration. Do you dumb shit Republicans ever take responsibility for how totally fucking corrupt you really are, and for how completely you are destroying the world?
Manafort's charges have nothing to do with his work with Trump.
The Special Counsel is authorized to conduct the investigation confirmed by then-FBI Director James B. Corney in testimony before the House Permanent Select Committee on Intelligence on March 20, 2017, including:
(i) any links and/or coordination between the Russian government and individuals associated with the campaign of President Donald Trump; and
(ii) any matters that arose or may arise directly from the investigation; and
(iii) any other matters within the scope of 28 C.F.R. 600.4(a).
600.4 Jurisdiction.
(a) Original jurisdiction. The jurisdiction of a Special Counsel shall be established by the Attorney General. The Special Counsel will be provided with a specific factual statement of the matter to be investigated. The jurisdiction of a Special Counsel shall also include the authority to investigate and prosecute federal crimes committed in the course of, and with intent to interfere with, the Special Counsel's investigation, such as perjury, obstruction of justice, destruction of evidence, and intimidation of witnesses; and to conduct appeals arising out of the matter being investigated and/or prosecuted.
Seriously, the more I read about her, the more I think she's a total and complete sociopathic narcissist.
"Sorry we can't prosecute you because Bush gave you some money" Is that basically your argument? Because that's stupid.
Shut up, Hillary!
Any guest worker system is indistinguishable from indentured servitude.
Shut up, Hillary.
Any guest worker system is indistinguishable from indentured servitude.
You two get a room.... oh right, I see you share cubicle space at the troll farm.
Why did this take so long
it didn't. The collapse started 3 years ago. In white collar cases start of collapse to criminal charges in 3 years is blindingly fast.
SJW n. One who posts facts.
This guy works for Trump. It's a viral PR campaign to make all Democrat party advocates look like deranged, petulant imbeciles.
Bushbama is Bushbama.
She should have just done clown porn to make money.
Yes, and how does this relate Manafort's specific charges (not possible future charges) with his work with Trump?
(and where is this from? at least give a source otherwise it is 100% bullshit without you even needing to respond)
That TARP that Obama asked for and then rebranded as his own bailout? You mean that TARP?
...to make all Democrat party advocates look like deranged, petulant imbeciles.
I'm not seeing anything that tells me that they aren't...
Adaptec - Indian CEO Subramanian Sundaresh fired.
AIG (signed outsourcing deal in 2007 in Europe with Accenture Indian frauds, collapsed in 2009)
AirBus (Qantas plane plunged 650 feet injuring passengers when its computer system written by India disengaged the auto-pilot).
Apple - R&D CLOSED in India in 2006.
Apple - Foreign guest worker "Helen" Hung Ma caused the disastrous MobileMe product rollout.
Australia's National Australia Bank (Outsourced jobs to India in 2007, nationwide ATM and account failure in late 2010).
Bell Labs (Arun Netravalli took over, closed, turned into a shopping mall)
Boeing Dreamliner ES software (written by HCL, banned by FAA)
Bristol-Myers-Squibb (Trade Secrets and documents stolen in U.S. by Indian national guest worker)
Caymas - Startup run by Indian CEO, French director of dev, Chinese tech lead. Closed after 5 years of sucking VC out of America.
ComAir crew system run by 100% Indian IT workers caused the 12/25/05 U.S. airport shutdown when they used a short int instead of a long int
Dell - call center (closed in India because Premji's conmen don't even know how to use telephones, let alone computers)
Delta call centers (closed in India because Premji's conmen don't even know how to use telephones, let alone computers)
Fannie Mae- Hired large numbers of Indians, had to be bailed out. Indian logic bomb creator found guilty.
GM - Was booming in 2006, signed $300 million outsourcing deal with Wipro that same year, went bankrupt 3 years later
HSBC ATMs (software taken over by Indians, failed in 2006)
Intel Whitefield processor project (cancelled, Indian staff canned)
Lehman (Spectramind software bought by Wipro, ruined, trashed by Indian programmers)
Microsoft - Employs over 35,000 H-1Bs. Stock used to be $100. Today it's lucky to be over $25. Not to mention that Vista thing.
Microsoft - Lian Yang, Microsoft-Contracted Engineer, Arrested in Smuggling Plot After Another FBI Sting in Portland in 2010
MIT Media Lab Asia (canceled)
PeopleSoft (Taken over by Indians in 2000, collapsed).
Qantas - See AirBus above
Quark (Alukah Kamar CEO, fired, lost 60% of its customers to Adobe because Indian-written QuarkExpress 6 was a failure)
Rolls Royce (Sent aircraft engine work to India in 2006, engines delayed for Boeing 787, and failed on at least 2 Quantas planes in 2010, cost Rolls $500m).
Skype ( Yarlagadda fired)
State of Indiana $867 billion FAILED IBM project, IBM being sued
State of Texas failed IBM project.
Sun Micro (Taken over by Indian and Chinese workers in 2001, collapsed, has to be sold off to Oracle).
United - call center (closed in India because Premji's conmen don't even know how to use telephones, let alone computers)
Virgin Atlantic (software written in India caused cloud IT failure)
Visium Asset Management - Sanjay Valvani Insider trading
World Bank (Indian fraudsters BANNED for 3 years because they stole data).
Casteism
So if we're lucky Robert Mueller might be finished with his investigation just before Trump's second term starts.
Urgh.
You are not alone. This is not normal. None of this is normal.