Theranos founder Elizabeth Holmes charged with massive, ‘years-long fraud’
Silicon Valley's favorite blood-testing company Theranos, its founder, Elizabeth Holmes, and the company’s former president, Ramesh “Sunny” Balwani, have been formally charged with massive fraud by the agency.
The two raised more than $700 million from investors through an “elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance.”
Holmes has agreed to: pay a $500,000 penalty; be barred from serving as an officer or director of a public company for 10 years; return the remaining 18.9 million shares that she obtained during the fraud; and relinquish her voting control of Theranos.
Theranos board members have included retired four-star general Colin Powell, George Schultz, Richard Kovacevich, Riley Bechtel, Bill Frist and Sam Nunn.
Seriously. Every successful female CEO doesn't go around blabbering about how she's a female CEO every 5 seconds. Every unsuccessful one, the opposite.
Ryan Martin
>women inventing anything i mean christ, she dropped out at 19 years old and people actually believed she discovered something new? this smelled fishy from the beginning.
Thomas Torres
Such bullshit, she deserves prison.
Jason Wood
I fucking knew this from the start, the way they paraded her around like jesus of technology. I don't care for her being some dumbass fall person though, she got her comeuppance and wall street kikes got a reminder that you don't push retardation too far.
Joseph Murphy
So wait... a guy named Sunny was exaggerating the scope of partnerships? Sounds familiar....
Nathan Bell
>successful >female >CEO Pick 2. There wasn't a successful female CEO ever. Every time a female CEO takes over the company sinks like a rock.
Bentley Bailey
you're right most of the time, tho Indra is doing alright
>take over as CEO of a public company thats been around for 50 years and basically can't fail due to being a cultural icon ok dude, literally all it takes to run pepsi is to chuck out ads lmao
Levi Cox
>Indra is doing alright >company slowly sinking during a bullrun >meanwhile Dr. Pepper went x3 in the last 5 years
Really? Not memeing here, has there seriously been no successful company under a female CEO. 20+ yr minimum, not exit scams.
Isaiah Allen
Given what I know about what you actually learn in chemistry classes and what I know about her claims, the entire story of her dropping out to build a company around an amazing technology that she had developed was bogus. Her knowledge of chemistry in the area in which she claimed her invention would have been barely present and underdeveloped after only going to college for freshman year.
I don't know how so many people with so much money fell for this.
Jackson Harris
7 years still isn’t nearly fucking enough for what Martin Shkreli did.
Sebastian Fisher
Gr8 b8 m8
Dominic Cooper
It wasn’t an aids drug you fucking mong at that isn’t what his trial was about How did I know you were mad about that?
Isaac Walker
She was really interesting on the hidden brain podcast.
Jeremiah Reyes
He's an asshole for hiking the price of a life saving drug egregiously high, and committed security and investment fraud.
Read about it for yourself, I’m not your errand boy.
wow amazing next you'll say jews are con artists too
Cameron Parker
He gave it for free to people without insurance. Fucking read a little more faggot, I'm not your errand boy.
Nicholas Miller
Go back to your reddit. Veeky Forums is not a place to defend that convicted fraudster, the evilest man on earth.
Jason Perry
>2018 >still being this retarded
You'll never make it with such an ignorant mind, pleb
Daniel Robinson
Only after the media came down on him. The SEC charges revealed internal e-mails that made it very clear he was purposefully exploiting the price hike for personal profit -- not to reinvest the majority into research, and not as some sort of assbackwards charity.
You're a naive knuckle-dragger for falling for his paper-thin excuses.
Brody Lopez
There is a deeper story than what MSM put out. The fact that every major news outlet instantly demonized him should tip you off, he wasn’t a guy stupid enough to antagonize big pharma for no reason, but he was stupid enough to get busted for defrauding, 7 years is witch hunt status though.
Lincoln Martinez
>went to jail for ripping off the rich >price gouging a medication you have a monopoly on is ok This is what is wrong with this country
