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Elizabeth Holmes Theranos Fraud Was Way Worse Than What Shkreli Did

Stanford dropout, Silicon Valley darling girl gets a slap on...
Rusted yarmulke point
  03/14/18
Her fraud was much bigger too.
Motley Wild Kitty Cat
  03/17/18
What did she do?
opaque state selfie
  03/14/18
what did she do. She hit.
Nubile House
  03/14/18
...
Dashing Puce Personal Credit Line Halford
  03/17/18
...
laughsome gay stag film
  01/03/22
lmaooooooo
useless dead knife
  03/25/22
...
effete curious ceo
  03/25/22
Performed a chemistry.
Motley Wild Kitty Cat
  03/17/18
tbf all she did was mislead a bunch of retarded rich people ...
godawful indigo stage hominid
  03/14/18
What did Shkreli do?
Rusted yarmulke point
  03/14/18
i thought he jacked up drug prices but i didnt really pay at...
godawful indigo stage hominid
  03/14/18
That is actually not illegal. However, doing so brings at...
amber whorehouse
  03/14/18
it looks like he was actually running a ponzi scheem and shi...
godawful indigo stage hominid
  03/14/18
it's wasn't a ponzi scheme - he just lost the money and then...
citrine organic girlfriend pisswyrm
  03/14/18
...
Nubile House
  03/14/18
Still criminal.
Primrose nursing home
  03/14/18
Correct, but Elizabeth Holmes was a fraud from day 1 and sol...
Nubile House
  03/14/18
Nah. Her technology worked for some shit so she thought it w...
Primrose nursing home
  03/14/18
I think a large portion of their funding was predicated on t...
Nubile House
  03/14/18
The other shoe hasn't dropped yet. The DOJ can still prosecu...
Primrose nursing home
  03/14/18
> claimed that Theranos’ products were deployed by the U....
godawful indigo stage hominid
  03/14/18
ty brother
Nubile House
  03/14/18
Dats wire fraud.
Pungent Trip Brunch Mental Disorder
  03/15/18
talked a lot of shit to people
Submissive piazza
  03/14/18
talked shit and got got
Nubile House
  03/14/18
misled fewer people and got them to invest a lot less money ...
citrine organic girlfriend pisswyrm
  03/14/18
"great point, what's so bad about that?!" said Ber...
Razzle Free-loading Rehab
  03/14/18
DOJ hasn't spoken yet.
Primrose nursing home
  03/14/18
But the SEC penalty could just be the beginning, right? Pros...
Grizzly Lay
  03/14/18
Seems like she agreed to the SEC penalty - i would imagine s...
citrine organic girlfriend pisswyrm
  03/14/18
Does settling with the SEC really preclude all prosecutions?...
Grizzly Lay
  03/14/18
No. Earl is a real estate lawyer. The criminal prosecution i...
spectacular stead persian
  03/17/18
xo Liz Holmes
Exhilarant Bull Headed Community Account Keepsake Machete
  03/14/18
I hope the Department of Justice comes down hard on this one...
Rusted yarmulke point
  03/14/18
Because of the crazy psychopathic look in her eyes?
sexy cream locus circlehead
  03/14/18
I guess. I don't really have a logical justification for my ...
Rusted yarmulke point
  03/14/18
lmao For instance, Holmes and Balwani told one investor t...
godawful indigo stage hominid
  03/14/18
A justice is performed.
erotic azure gas station stain
  03/15/18
TCR. Shitlibbery in our justice system.
Motley Wild Kitty Cat
  03/17/18
yep, way worse
Very Tactful Brethren
  03/17/18
...
odious harsh tank
  01/03/22
...
Sepia parlour boiling water
  12/31/21
She should be going away for 20 years. Anything less is a di...
Thriller internet-worthy den
  12/31/21
women get treated w kid gloves
vibrant therapy
  01/03/22
Shkreli did nothing wrong but make enemies in high places.
Dark soul-stirring prole national
  01/03/22
tbf, so did Holmes. but she fucked em out of a billion along...
odious harsh tank
  01/03/22
if you thumb your nose at kiyo matsumoto, 7 years for you
irradiated dog poop laser beams
  01/03/22
...
Sepia parlour boiling water
  03/25/22
"Until a drug company executive goes to jail, this won&...
Very Tactful Brethren
  03/25/22
Given the level of corruption and human harm he encountered,...
Very Tactful Brethren
  03/25/22


Poast new message in this thread



Reply Favorite

Date: March 14th, 2018 3:54 PM
Author: Rusted yarmulke point

Stanford dropout, Silicon Valley darling girl gets a slap on the wrist, pays $500,000 fine.

Shkreli has to fork over more than $7 million, spend 7 years in prison.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35604937)



Reply Favorite

Date: March 17th, 2018 2:44 PM
Author: Motley Wild Kitty Cat

Her fraud was much bigger too.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35626437)



Reply Favorite

Date: March 14th, 2018 3:56 PM
Author: opaque state selfie

What did she do?

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35604944)



Reply Favorite

Date: March 14th, 2018 4:15 PM
Author: Nubile House

what did she do. She hit.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605121)



Reply Favorite

Date: March 17th, 2018 2:45 PM
Author: Dashing Puce Personal Credit Line Halford



(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35626441)



Reply Favorite

Date: January 3rd, 2022 4:30 PM
Author: laughsome gay stag film



(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43722590)



Reply Favorite

Date: March 25th, 2022 12:11 AM
Author: useless dead knife

lmaooooooo

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#44213410)



Reply Favorite

Date: March 25th, 2022 12:22 AM
Author: effete curious ceo



(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#44213476)



Reply Favorite

Date: March 17th, 2018 2:44 PM
Author: Motley Wild Kitty Cat

Performed a chemistry.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35626438)



Reply Favorite

Date: March 14th, 2018 3:58 PM
Author: godawful indigo stage hominid

tbf all she did was mislead a bunch of retarded rich people to get them to invest

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35604959)



Reply Favorite

Date: March 14th, 2018 4:06 PM
Author: Rusted yarmulke point

What did Shkreli do?

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605023)



Reply Favorite

Date: March 14th, 2018 4:10 PM
Author: godawful indigo stage hominid

i thought he jacked up drug prices but i didnt really pay attention to his shit

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605062)



Reply Favorite

Date: March 14th, 2018 4:15 PM
Author: amber whorehouse

That is actually not illegal.

However, doing so brings attention to yourself and causes the Feds to scrutinize everything you do and gets them to throw the book at you when they discover your "harmless white collar crime." So instead of a slap on the wrist and small fine he loses his Wu Tang Clan album, loads of cash and gets seven years at Club Fed.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605131)



Reply Favorite

Date: March 14th, 2018 4:16 PM
Author: godawful indigo stage hominid

it looks like he was actually running a ponzi scheem and shit. ok lmao he deserves to go to jail then

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605138)



Reply Favorite

Date: March 14th, 2018 4:19 PM
Author: citrine organic girlfriend pisswyrm

it's wasn't a ponzi scheme - he just lost the money and then used ponzi tactics to cover it up, before he struck it rick and was able to pay them back.

Madoff was all ponzi from the start.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605167)



Reply Favorite

Date: March 14th, 2018 5:30 PM
Author: Nubile House



(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605773)



Reply Favorite

Date: March 14th, 2018 5:39 PM
Author: Primrose nursing home

Still criminal.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605831)



Reply Favorite

Date: March 14th, 2018 5:42 PM
Author: Nubile House

Correct, but Elizabeth Holmes was a fraud from day 1 and solicited almost a billion dollars in investment based on that fraud

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605842)



Reply Favorite

Date: March 14th, 2018 5:43 PM
Author: Primrose nursing home

Nah. Her technology worked for some shit so she thought it worked but then she turned into a criminal.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605856)



Reply Favorite

Date: March 14th, 2018 5:44 PM
Author: Nubile House

I think a large portion of their funding was predicated on the stuff she made up

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605862)



Reply Favorite

Date: March 14th, 2018 5:44 PM
Author: Primrose nursing home

The other shoe hasn't dropped yet. The DOJ can still prosecute.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605868)



Reply Favorite

Date: March 14th, 2018 5:45 PM
Author: godawful indigo stage hominid

> claimed that Theranos’ products were deployed by the U.S. Department of Defense on the battlefield in Afghanistan and on medevac helicopters and that the company would generate more than $100 million in revenue in 2014. In truth, Theranos’ technology was never deployed by the U.S. Department of Defense and generated a little more than $100,000 in revenue from operations in 2014.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605870)



Reply Favorite

Date: March 14th, 2018 5:46 PM
Author: Nubile House

ty brother

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605876)



Reply Favorite

Date: March 15th, 2018 2:04 PM
Author: Pungent Trip Brunch Mental Disorder

Dats wire fraud.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35611938)



Reply Favorite

Date: March 14th, 2018 4:13 PM
Author: Submissive piazza

talked a lot of shit to people

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605101)



Reply Favorite

Date: March 14th, 2018 5:31 PM
Author: Nubile House

talked shit and got got

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605776)



Reply Favorite

Date: March 14th, 2018 4:14 PM
Author: citrine organic girlfriend pisswyrm

misled fewer people and got them to invest a lot less money and paid them all back with a great return.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605114)



Reply Favorite

Date: March 14th, 2018 6:08 PM
Author: Razzle Free-loading Rehab

"great point, what's so bad about that?!" said Bernie Madoff

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35606050)



Reply Favorite

Date: March 14th, 2018 5:43 PM
Author: Primrose nursing home

DOJ hasn't spoken yet.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605851)



Reply Favorite

Date: March 14th, 2018 6:00 PM
Author: Grizzly Lay

But the SEC penalty could just be the beginning, right? Prosecutions, and $M's in lawsuits (if she actually has any money) could still follow?

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35605989)



Reply Favorite

Date: March 14th, 2018 6:02 PM
Author: citrine organic girlfriend pisswyrm

Seems like she agreed to the SEC penalty - i would imagine some deal was cut. I would be surprised (pleasantly) if they come down on her hard.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35606005)



Reply Favorite

Date: March 14th, 2018 6:08 PM
Author: Grizzly Lay

Does settling with the SEC really preclude all prosecutions?

And she's already been sued; hope more people sue her.

She's got a really crazed look about her; like she's been professionally made up to hide the crazy and is just barely holding it together for cameras

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35606052)



Reply Favorite

Date: March 17th, 2018 2:50 PM
Author: spectacular stead persian

No. Earl is a real estate lawyer. The criminal prosecution is coming and the investigation continues.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35626460)



Reply Favorite

Date: March 14th, 2018 6:07 PM
Author: Exhilarant Bull Headed Community Account Keepsake Machete

xo Liz Holmes

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35606040)



Reply Favorite

Date: March 14th, 2018 8:04 PM
Author: Rusted yarmulke point

I hope the Department of Justice comes down hard on this one.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35606897)



Reply Favorite

Date: March 14th, 2018 8:08 PM
Author: sexy cream locus circlehead

Because of the crazy psychopathic look in her eyes?

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35606917)



Reply Favorite

Date: March 14th, 2018 8:09 PM
Author: Rusted yarmulke point

I guess. I don't really have a logical justification for my comment. I just have a deeply visceral negative reaction to this Lizzie Holmes character.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35606930)



Reply Favorite

Date: March 14th, 2018 8:11 PM
Author: godawful indigo stage hominid

lmao

For instance, Holmes and Balwani told one investor that Theranos' proprietary analyzer could process over 1,000 Current Procedural Terminology ('CPT') codes and that Theranos had developed a technological solution for an additional 300 CPT codes," even though "Theranos' analyzers never performed comprehensive testing or processed 1,000 CPT codes in its clinical lab," and in fact never processed more than 12 tests on its TSPU. 5 And Theranos would even do a little pantomime blood-draw demonstration directly on the investors:

This initial meeting was often followed by a purported demonstration of Theranos' proprietary analyzers, the TSPU, and the miniLab. In several instances, potential investors would be taken by Holmes and Balwani to a different room to view Theranos' desktop computer-like analyzers. A phlebotomist would arrive to draw their blood through fingerstick, using a nanotainer, a Theranos-developed collection device. Then the sample was either inserted into the TSPU or taken away for processing. Based on what they saw, potential investors believed that Theranos had tested their blood on either an earlier-generation TSPU or the miniLab. As Holmes knew, or was reckless in not knowing, however, Theranos often actually tested their blood on third-party analyzers, because Theranos could not conduct all of the tests it offered prospective investors on its proprietary analyzers.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35606941)



Reply Favorite

Date: March 15th, 2018 2:08 PM
Author: erotic azure gas station stain

A justice is performed.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35611981)



Reply Favorite

Date: March 17th, 2018 2:44 PM
Author: Motley Wild Kitty Cat

TCR. Shitlibbery in our justice system.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35626433)



Reply Favorite

Date: March 17th, 2018 4:22 PM
Author: Very Tactful Brethren

yep, way worse

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#35626897)



Reply Favorite

Date: January 3rd, 2022 4:30 PM
Author: odious harsh tank



(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43722583)



Reply Favorite

Date: December 31st, 2021 4:06 PM
Author: Sepia parlour boiling water



(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43706271)



Reply Favorite

Date: December 31st, 2021 4:15 PM
Author: Thriller internet-worthy den

She should be going away for 20 years. Anything less is a disgrace to the legal system. She committed a giant public fraud.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43706309)



Reply Favorite

Date: January 3rd, 2022 4:32 PM
Author: vibrant therapy

women get treated w kid gloves

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43722600)



Reply Favorite

Date: January 3rd, 2022 4:31 PM
Author: Dark soul-stirring prole national

Shkreli did nothing wrong but make enemies in high places.

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43722596)



Reply Favorite

Date: January 3rd, 2022 8:07 PM
Author: odious harsh tank

tbf, so did Holmes. but she fucked em out of a billion along the way. Shkreli just thumbed his nose at them

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43723805)



Reply Favorite

Date: January 3rd, 2022 9:42 PM
Author: irradiated dog poop laser beams

if you thumb your nose at kiyo matsumoto, 7 years for you

(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#43724357)



Reply Favorite

Date: March 25th, 2022 12:07 AM
Author: Sepia parlour boiling water



(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#44213388)



Reply Favorite

Date: March 25th, 2022 12:18 AM
Author: Very Tactful Brethren

"Until a drug company executive goes to jail, this won’t stop. They simply say, ‘We’re going to kill X many people, injure Y. Of those, only A percent will know, and of those, only B percent will be able to do something about it.’ Factor all this into the price of doing business, including payoffs to the families of the ones they kill, and they’re still making huge profits. Whether someone is actually so diabolical as to put it into those words, or whether it’s just the way things work out, I don’t know. The result is the same."

-Crisis of Conscience: Whistleblowing in an Age of Fraud, by Tom Mueller



(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#44213457)



Reply Favorite

Date: March 25th, 2022 12:19 AM
Author: Very Tactful Brethren

Given the level of corruption and human harm he encountered, Jones insists that he had no real choice: he was compelled to blow the whistle, because inaction would have made him an accessory to the crime. In this telling, there is an inevitability to what happened, as if he were the protagonist in a Greek tragedy, walking the path that the Fates had foretold.



(http://www.autoadmit.com/thread.php?thread_id=3918632&forum_id=2#44213462)