-
Theranos
The company promises that you can get whatever lab test you want without a prescription, and it’s only a fingerstick. Supposedly will save money and blood. However, after some scrutiny by the media, this appears somewhat dubious.
-
40 Replies
-
The nice looking CEO lady was on with Jim Cramer a few weeks back saying that they are legit and trying to poke holes in the news story. On what the product is supposed to be, it sounds pretty great. Finger stick blood test.
-
i think the direct to consumer lab testing they are going for has promise, and people claiming that you should get a prescription and go the traditional route are not seeing the inherent benefits and convenience of just getting your cholesterol, cbc, without having to visit the Dr. The problem with theranos is that it is now valued at 8-9 billion dollars, which is pretty much the valuation of all the other big testing companies combined. Beware of companies pumping their goods on cnbc, especially those without peer review articles to back them up.
-
I just read the book [url=https://www.amazon.com/Bad-Blood-Secrets-Silicon-Startup/dp/152473165X]”Bad Blood” [/url]by John Carreyrou on the rise and fall and fraud of Elizabeth Holmes and Theranos.
It’s crazy how many people she duped into believing her scam.-
I’ve not read this book but have read about her in Vanity Fair. She seems bat $h1t crazy.
-
Quote from DICOM_Dan
I’ve not read this book but have read about her in Vanity Fair. She seems bat $h1t crazy.
My take away from the book was more like 50% PT Barnum/ 50% Bond Villain.
She had the maniacal drive of a person whose obsession was to become the next billionaire and didn’t care what it took to get there. She also had the charisma to sucker nearly everyone she met, especially wealthy older men.-
Dan, I thought you’d like this. It was so dysfunctional that the engineering team was actively punking the COO.
This exerpt:
While Holmes was fast to catch on to engineering concepts, Balwani was often out of his depth during engineering discussions. To hide it, he had a habit of repeating technical terms he heard others using. During a meeting with Khannahs team, he latched onto the term end effector, which signifies the claws at the end of a robotic arm. Except Balwani didnt hear end effector, he heard endofactor. For the rest of the meeting, he kept referring to the fictional endofactors. At their next meeting with Balwani two weeks later, Khannahs team brought a PowerPoint presentation titled Endofactors Update. As Khannah flashed it on a screen with a projector, the five members of his team stole furtive glances at one another, nervous that Balwani might become wise to the prank. But he didnt bat an eye and the meeting proceeded without incident. After he left the room, they burst out laughing.
Khannah and his team also got Balwani to use the obscure engineering term crazing. It normally refers to a phenomenon that produces fine cracks on the surface of a material, but Khannah and his colleagues used it liberally and out of context to see if they could get Balwani to repeat it, which he did. Balwanis knowledge of chemistry was no better. He thought the chemical symbol for potassium was P (its K; P is the symbol for phosphorus)a mistake most high school chemistry students wouldnt make.
-
[link=https://www.npr.org/2021/08/30/1031314018/elizabeth-holmes-theranos-fraud-trial]https://www.npr.org/2021/…s-theranos-fraud-trial[/link]
[h1][b]Elizabeth Holmes Promised Miracles By A Finger Prick. Her Fraud Trial Starts Tuesday[/b][/h1]
Federal prosecutors [link=https://www.justice.gov/usao-ndca/page/file/1135066/download]have charged[/link] Holmes and her former business partner and ex-boyfriend, Ramesh “Sunny” Balwani, with defrauding investors and patients of their blood-testing company Theranos, which Holmes and Balwani claimed would revolutionize laboratory medicine.
Patients who were wrongly diagnosed by Theranos tests are set to testify against Holmes. Some had been told they were HIV-positive. Another, who was pregnant at the time, was incorrectly told she had miscarried her baby.
In court documents unsealed Saturday, and [link=https://www.npr.org/2021/08/28/1031961327/elizabeth-holmes-theranos-trial-boyfriend-balwani-emotional-sexual-abuse]first reported by NPR[/link], Holmes’ legal team said she is highly likely to take the witness stand and accuse Balwani of manipulating and abusing her to such a degree that it affected her state of mind during the time of the alleged fraud.
Holmes, who has since married the heir to a California hotel chain, Billy Evans, recently gave birth. The judge has said there [link=https://www.cnbc.com/2021/06/15/elizabeth-holmes-attorneys-concerned-about-finding-unbiased-jurors.html]will be arrangements[/link] allowing her to care for her baby boy in the courthouse.
…
Theranos has made prosecutors’ job harder by destroying what could have been damning evidence against Holmes: a large database of three years’ worth of blood-sample lab reports.
[b]…[/b]
[b]In all, an [link=https://www.wsj.com/articles/theranos-cost-business-and-government-leaders-more-than-600-million-1525392082]estimated[/link] $700 million was lost in the unraveling of Theranos. Prosecutors allege that governments, businesses and other investors were duped by Holmes’ deceptive statements and presentations.[/b]
[b]
[/b]
-
Quote from dergon
[link=https://www.npr.org/2021/08/30/1031314018/elizabeth-holmes-theranos-fraud-trial]https://www.npr.org/2021/…s-theranos-fraud-trial[/link]
[h1][b]Elizabeth Holmes Promised Miracles By A Finger ****. Her Fraud Trial Starts Tuesday[/b][/h1]
Federal prosecutors [link=https://www.justice.gov/usao-ndca/page/file/1135066/download]have charged[/link] Holmes and her former business partner and ex-boyfriend, Ramesh “Sunny” Balwani, with defrauding investors and patients of their blood-testing company Theranos, which Holmes and Balwani claimed would revolutionize laboratory medicine.
Patients who were wrongly diagnosed by Theranos tests are set to testify against Holmes. Some had been told they were HIV-positive. Another, who was pregnant at the time, was incorrectly told she had miscarried her baby.In court documents unsealed Saturday, and [link=https://www.npr.org/2021/08/28/1031961327/elizabeth-holmes-theranos-trial-boyfriend-balwani-emotional-sexual-abuse]first reported by NPR[/link], Holmes’ legal team said she is highly likely to take the witness stand and accuse Balwani of manipulating and abusing her to such a degree that it affected her state of mind during the time of the alleged fraud.
Holmes, who has since married the heir to a California hotel chain, Billy Evans, recently gave birth. The judge has said there [link=https://www.cnbc.com/2021/06/15/elizabeth-holmes-attorneys-concerned-about-finding-unbiased-jurors.html]will be arrangements[/link] allowing her to care for her baby boy in the courthouse.
…
Theranos has made prosecutors’ job harder by destroying what could have been damning evidence against Holmes: a large database of three years’ worth of blood-sample lab reports.[b]…[/b]
[b]In all, an [link=https://www.wsj.com/articles/theranos-cost-business-and-government-leaders-more-than-600-million-1525392082]estimated[/link] $700 million was lost in the unraveling of Theranos. Prosecutors allege that governments, businesses and other investors were duped by Holmes’ deceptive statements and presentations.[/b]
Ran Poliakine needs to pay attention to that trial 😉-
Radiology was going to be shipped over to India.
Then it was going to be replaced by AI, right?
Futurists are embarrasing, overwhelmingly.-
This is turning into a good thread. Making fun of Ron P and AI taking over radiology are two of my favorite pastimes.
-
Not that EH does not deserve to be made fun of also.
-
The one thing I wonder with Theranos is whether at one point there was actually an innovative technology that would have allowed at least some of the claimed things. I know, in the end they just used commercial equipment to run the tests, but was there at least at some point some biochip or something that would have allowed this 1-drop Multi-Parameter Test ?
-
Was thinking the same thing. Lots can be discovered from a single finger stick these days.
-
Quote from fw
The one thing I wonder with Theranos is whether at one point there was actually an innovative technology that would have allowed at least some of the claimed things. I know, in the end they just used commercial equipment to run the tests, but was there at least at some point some biochip or something that would have allowed this 1-drop Multi-Parameter Test ?
not according to the book Bad Blood. She had a patent drawn on paper… nothing more than the idea. …after that it was all existing tech in a black box and clever marketing
-
During testimony today, Holmes said she was raped at Stanford, causing her to leave after her Freshman year.
She met Balwani when she was 18 and he was 38.She testified that Balwani would force her to have sex throughout their relationship and he was in charge of lab operations.
…
look out for that bus, Sunny -
She seems like a petrological liar.
-
[link=https://www.washingtonpost.com/technology/2022/01/03/elizabeth-holmes-trial-verdict/]https://www.washingtonpost.com/technology/2022/01/03/elizabeth-holmes-trial-verdict/[/link]
[h1]Theranos founder Elizabeth Holmes found guilty of some charges in landmark Silicon Valley fraud case[/h1]A federal jury found Theranos founder Elizabeth Holmes guilty on four counts of wire fraud charges, delivering a verdict on the long-running controversy over her role in the now defunct blood-testing technology startup. The jury found her not guilty on three counts and deadlocked on three counts.
The jury of eight men and four women returned their verdict on the seventh full day of deliberations, marking a big win for the government and its years-long probe into the entrepreneur.
The jury on Monday said they were deadlocked on three counts. The judge instructed them to continue deliberating the remaining eight counts. The jury decided to side with the governments case, which laid out reams of evidence to support its allegations.
[/QUOTE]
-
Justice is served. In a somewhat odd and fairly inconsistent way regarding the various charges, but each of the four convictions has a 20 year maximum. Shell be in jail for awhile.
-
[link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.reuters.com%2Flegal%2Ftheranos-founder-holmes-denied-request-new-trial-court-filings-show-2022-11-08%2F]Reuters -Theranos founder Holmes denied request for new trial, court filings show (November 8, 2022)[/link]
-
She’s looking cuckoo in some of the court photos. She’s got the full crazy eyed Karen vibe.
-
Quote from Alwaysbereading
Justice is served. In a somewhat odd and fairly inconsistent way regarding the various charges, but each of the four convictions has a 20 year maximum. Shell be in jail for awhile.
[link=https://www.bloomberg.com/news/articles/2022-11-11/elizabeth-holmes-asks-for-a-lenient-18-month-sentence-at-home?srnd=premium]Holmes Asks for a Lenient 18-Month Sentence at Home[/link][/h3]
-
Elizabeth Holmes sentenced to 11 years in prison
-
I dont believe white collar criminals should be put in jail. Save the money. They arent a physical danger to society, why separate them? House arrest, ankle monitor etc.. are more appropriate.
-
She’s going to prison camp like Martha. I think the point of separation is that it should be a punishment. Living in your house especially if you made $,$$$,$$$ isn’t much of a punishment. If there’s no risk of real punishment we’d all be white collar criminals.
-
Prosecutors are claiming Holmes tried to flee to Mexico last January and are asking the court to order her to begin serving her sentence ASAP.
[link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.cnn.com%2F2023%2F01%2F20%2Ftech%2Felizabeth-holmes-mexico%2Findex.html]https://www.cnn.com/2023/01/20/tech/…ico/index.html[/link]
-
Kid #2 has popped out, so she is now using “But I have 2 young children” as her latest excuse to get out of her sentence.
[link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.cnn.com%2F2023%2F03%2F02%2Fbusiness%2Felizabeth-holmes-prison-delay%2Findex.html]https://www.cnn.com/2023/03/02/busin…lay/index.html[/link]
-
No matter how crazy the woman…someone is gonna bang her. Also when did pregnancy stop the government from incarcerating people.
The top result on google.
A Bureau of Justice report noted that [b]four percent of women reported that they were pregnant at the time of admission to state prison, and three percent were pregnant at the time of admission to federal prison[/b]. Other reports have higher estimates of 5 to 10 percent being pregnant at reception. -
A California federal judge has denied Theranos founder Elizabeth Holmes’ request to remain free on bail as the former leader of the medical technology startup tries to appeal her conviction for wire fraud, according to court documents filed Monday.
In January 2022, Holmes was convicted of three counts of wire fraud and one count of conspiracy to commit wire fraud after a jury found that she defrauded investors out of more than $100 million over a blood-testing device that did not work as advertised.
She was later sentenced to 11 years in prison and three years of supervised release. Holmes filed for an appeal in December 2022.
-
Off to the hoosegow for Holmes.
[link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fnews.yahoo.com%2Fcourt-rejects-elizabeth-holmes-motion-003945367.html]Court rejects Elizabeth Holmes’ latest effort to stay out of prison while on appeal[/link]
Disgraced Theranos CEO Elizabeth Holmes appears to be soon bound for prison after an appeals court Tuesday rejected her bid to remain free while she tries to overturn [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fapnews.com%2Farticle%2Felizabeth-holmes-trial-theranos-ceo-fb79a29d3c426a5cadee7ec5734b6f24]her conviction[/link] in a blood-testing hoax that brought her fleeting fame and fortune.
-
Honestly, I dont think white collar criminals should serve jail time. Its a waste of our tax money. They can be restricted in other ways.
-
LOL. No jail time = no incentive to not be a criminal. Like why not do some fake blood tests on cancer patients? You can make some money, and F’em.
She should be going to full on federal get F’d in A jail. -
They are not a danger to society, so why pay to separate them and lock them up? Well, maybe a financial danger. Have them separated on house arrest or something with other restrictions. I dont want my tax money to pay for something so useless.
-
She was convicted of multiple felonies. Shes going to be restrictedalthough maybe not from buying an automatic assault rifle in several states lol.
-
She was responsible for giving people bad blood tests results. How is that not a danger to society?
-
Personally, I dont think jail is appropriate for white collar criminals who are not an immediate physical danger to others. Elizabeth Holmes is a white collar criminal. I doubt anyone will be buying anything shell try to sell in the future. I believe jailincarcerating and physically separating someone from the rest of society-should be reserved for those who are a physical threat to others. Its just my opinion and has been for a long time. On the flip side, theres a lot of stories in the recent years regarding letting out violent criminals early or releasing them without bail etc..that makes no sensethats a real danger to society. I also think that minor drug charges, like marijuana etc., should not have any jail time. Just my two cents.
-
Holmes now in custody. I thought she might try to pull a Carlos Ghosn and run for it.
Now she just has to walk up to the biggest inmate and defraud them right in mouth to earn respect.
-
Carlos Ghosn escape – that was spectacular.
[link=https://thepeninsulaqatar.com/article/07/11/2022/ghosn-escape-accomplices-return-to-us-lawyer-confirms]https://thepeninsulaqatar…-to-us-lawyer-confirms[/link] -
Federal Prison Camp. Probably has daily Yoga sessions.
-
Our tax money is wasted on white collar prisons.
-
then send here to real prison.
-
-
-
-
-
-
-
-
-
