Elizabeth Holmes convicted of fraud - Page 1
Forum section: electronics / general

author: MrMobodies
author_rank: Super Contributor
timestamp: January 06, 2022, 05:06:22 am
content: https://www.bbc.co.uk/news/world-us-canada-59734254QuoteSo she is now claiming that it was Ramesh who knowingly defrauded the patients and investors despite being told by her own staffQuoteI wonder what has that got to do with anything in the sentencing? Are they saying that it makes it right for it she did or trying to make the jury feel sorry for her?

author: Ed.Kloonk
author_rank: Super Contributor
timestamp: January 06, 2022, 05:11:00 am
content: I don't think many people realize that subterfuge has always been this little one's way and always will be.

author: eti
author_rank: Super Contributor
timestamp: January 06, 2022, 05:17:35 am
content: Yet again, as others have delighted in making VERY clear to me, in the past, this is a *technical* chat sub-forum; am I missing something here, as this seems to be about as off-topic as one could hope for.

author: Ed.Kloonk
author_rank: Super Contributor
timestamp: January 06, 2022, 05:42:40 am
content: Quote from: eti on January 06, 2022, 05:17:35 amI resisted commenting in your previous tantrum. I think the problem has to do with quantity of off-topic material from one poster versus a bit of side channel here and there.Many of us have gotten pinged for it. Deal with it. Select more material the group will enjoy.

author: wilfred
author_rank: Super Contributor
timestamp: January 06, 2022, 05:46:53 am
content: Quote from: eti on January 06, 2022, 05:17:35 amSome threads will inevitably develop into a private bun-fight between two members, regardless of whether it is on-topic or not. Some were started with that specific intent. Topics that engage forum members interest and friendly participation were never a problem. I wouldn't worry to much about whether a thread is on topic if members enjoy participating. I would say most members can tell which threads are which.

author: MrMobodies
author_rank: Super Contributor
timestamp: January 06, 2022, 05:59:11 am
content: I am sorry, do you want me to remove this thread?I thought it might of been interesting considering there was equipment involved, the blood testing machines that didn't actually work properly where tests were faked and a follow up news about sentencing the individuals.

author: Ed.Kloonk
author_rank: Super Contributor
timestamp: January 06, 2022, 06:43:53 am
content: Quote from: MrMobodies on January 06, 2022, 05:59:11 amThere is already a EH thread floating around here that been following the horse foolery.I thought it was that thread or that the title had been changed to represent the case development.

author: magic
author_rank: Super Contributor
timestamp: January 06, 2022, 10:59:15 am
content: Quote from: MrMobodies on January 06, 2022, 05:59:11 amNo, he wants the mods to stop removing his threadsAs Ed says, Theranos was a fairly regular topic here and nobody complained.

author: wilfred
author_rank: Super Contributor
timestamp: January 06, 2022, 11:47:15 am
content: Quote from: MrMobodies on January 06, 2022, 05:59:11 amNot at all. This is a topic I find interesting. @Magic hit the nail on the head.

author: Simon
author_rank: Unknown
timestamp: January 06, 2022, 12:57:13 pm
content: I was surprised to hear her name finally mentioned in the media. I mean how long has this been going on with people making serious claims about her and her business?What I find more relevant and worrying is not the financial aspect which is all the BBC can talk of (oh poor Rupert Murdok and the idiotic politicians that had fools made of them) but the fact that this sort of thing just lays the ground for yet more conspiracy theories and people doubting serious science whilst falling for fake stuff because they do not know any better and Theranos should never have existed. My understanding is that it was just a total lie from start to finish, that basically it was as good as claiming that an empty box was doing serious stuff.

author: rstofer
author_rank: Super Contributor
timestamp: January 06, 2022, 08:47:36 pm
content: I haven't followed the media circus and the charges they throw around. I suspect the reality is a good deal different. She wanted the project to come to fruition before running out of money and got a wee bit too creative. Such is the way in the tech world - it's all vaporware until it isn't. Creating magic isn't cheap!What if it had all worked out? Would we have a national EH paid holiday?

author: EEVblog
author_rank: Unknown
timestamp: January 07, 2022, 12:31:55 am
content: Quote from: Ed.Kloonk on January 06, 2022, 05:42:40 amThis.And this case has actually been discussed on here before:https://www.eevblog.com/forum/chat/where-did-all-the-theranos-money-go-and-did-they-actually-do-work/https://www.eevblog.com/forum/chat/elizabeth-holmes-to-seek-mental-diseaseinsanity/https://www.eevblog.com/forum/chat/theranos-elizabeth-holmes-sold-compilers-to-china/https://www.eevblog.com/forum/chat/theranos-founder-elizabeth-holmes-charged-with-$700m-fraud/https://www.eevblog.com/forum/crowd-funded-projects/elizabeth-holmes-of-theranos-banned-from-owningoperating-medical-laboratory/

author: Ed.Kloonk
author_rank: Super Contributor
timestamp: January 07, 2022, 04:08:02 am
content: Quote from: EEVblog on January 07, 2022, 12:31:55 amHa. And yet you've got some in the group that indeed want the subtopics separated and pigeon holed into sub fora.Hmm.

author: MrMobodies
author_rank: Super Contributor
timestamp: January 07, 2022, 06:25:29 am
content: Quote from: EEVblog on January 07, 2022, 12:31:55 amQuote from: Ed.Kloonk on January 06, 2022, 06:43:53 amI see, I just remembered that with the "subject" line that can be changed per post and just an idea maybe, can all the Theranos threads could be merged together from the oldest in one thread under a more common name to something like "Theranos/Elizabeth Homes FAQ" to represent them all with their individual subject lines?This one sounds good but the thread is newer than the some of the others: "where did all the theranos money go and did they actually do work" -https://www.eevblog.com/forum/chat/theranos-founder-elizabeth-holmes-charged-with-$700m-fraud/

author: Ed.Kloonk
author_rank: Super Contributor
timestamp: January 07, 2022, 06:51:03 am
content: Quote from: MrMobodies on January 07, 2022, 06:25:29 amIt sure can be done but I'm not brave enough to ask them to do it.I'm grateful the topic gets a run. Some places, it is verboten.The update subject feature used to be so the OP could add  to a question. I don't know if I like the idea of the topic subject dancing around too much.

author: Simon
author_rank: Unknown
timestamp: January 07, 2022, 12:51:58 pm
content: I don't know if it's a good idea to merge threads, if they are old and have not had responses in a while, let the die. If threads with postings on the same days are merged it may become more confusing with posts replying to the wrong post if there was not a quote and it may not be obvious to the reader what happened.

author: daqq
author_rank: Super Contributor
timestamp: January 07, 2022, 02:46:10 pm
content: Quote from: eti on January 06, 2022, 05:17:35 amAside from this being covered previously, this does actually have to do with tech in a significant way, as it may set a precedent when dealing with scammy kickstarters, audiophile nonsense, existing BS tech, hopefully 'miracle healing machines'* and a host of other tech that is often discussed on this part of the forum:https://www.eevblog.com/forum/dodgy-technology/.* -https://www.eevblog.com/forum/dodgy-technology/woo-equipment-repair-ethics/

author: DrG
author_rank: Super Contributor
timestamp: January 07, 2022, 04:50:17 pm
content: Quote from: daqq on January 07, 2022, 02:46:10 pmOh how I wish for that, but I fear it is only the amounts of money lost and the status/influence of those that lost it, that brought this case through the system.

author: Simon
author_rank: Unknown
timestamp: January 07, 2022, 06:36:04 pm
content: Yes, it is only the sheer scale of this that brought it to anyone's attention.

author: Kasper
author_rank: Frequent Contributor
timestamp: January 07, 2022, 07:11:51 pm
content: Quote from: eti on January 06, 2022, 05:17:35 amI don't think anyone delights in dealing with your plethora of off-topic rants. If you want tolerance for your off-topic rants, you should show tolerance to others.This topic is very relevant to me since I work for tech startups. One of the most challenging parts of my job is the constant requests for timelines and specs and the conversations that follow. I am asked to give best case scenario: I race to put untested circuits in a design while breaking manufacturers recommendations because our industrial design prioritized looks over providing usable space, it all works, people stop requesting changes and I all of a sudden stop getting a bunch of random nonsensical tasks added to the top of my to do list. I don't mind giving best case scenario as a way to explain how much time is wasted by things I consider low priority but I do mind when my best case scenario gets pushed forward.I haven't seen any outright lies like Holmes seems to have made but there is a lot of optimism.

author: Bud
author_rank: Super Contributor
timestamp: January 07, 2022, 07:52:13 pm
content: Holmes's conviction is just a half of the story. Her boyfriend's trial begins next month. Will be intetesting to watch.

author: Gregg
author_rank: Super Contributor
timestamp: January 07, 2022, 09:37:26 pm
content: The only person close to Elizabeth Holmes that I can have any empathy towards is her newborn son who is just another part of her scheming business plan.

author: duckduck
author_rank: Frequent Contributor
timestamp: January 08, 2022, 12:17:51 am
content: Theranos sold/leased/whatevered their black boxes to Walgreens (pharmacy/chemists chain in the USA) who put them in ~40 locations. There were real patients with real health problems that made real decisions based on the results from the Theranos boxes. Of course, I don't think it took Walgreens too long to figure out that the Theranos boxes were shit and ripped them all out, but still. What kind of a sociopath/psychopath would sell health solutions that they knew did not work? Makes me sick.It's frustrating that she was convicted for swindling wealthy investors, not for causing chaos and panic for patients.

author: Bud
author_rank: Super Contributor
timestamp: January 08, 2022, 12:59:55 am
content: Patients were not allowed to testify because their testimony "would be based on emotions", something to that extent.

author: SiliconWizard
author_rank: Super Contributor
timestamp: January 08, 2022, 01:02:18 am
content: And maybe some memory would be good? Because you'd wonder how they could even "touch" patients outside of very strict clinical studies...https://www.businessinsider.com/theranos-gets-fda-approval-2015-7?r=US&IR=T...No comment.