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Therano

Sven
in Off-Topic
The story of Therano is so similar to Enron.
“She committed a fraud,” said Dr. Phyllis Gardner, a Stanford medical professor who was an early Theranos skeptic. “She harmed many patients. She bilked people out of their money.”

Increased scrutiny from regulators and investors revealed further problems and brought accusations of deception, leading to civil fraud charges from the Securities and Exchange Commission and a lawsuit from investors and Walgreens.

By 2016, Forbes had lowered its estimate of Ms. Holmes’s net worth from $4.5 billion to nothing. In 2018, she settled with the S.E.C. and investors. That same year, Theranos shut down.
https://nytimes.com/2021/08/30/technology/trial-elizabeth-holmes-theranos.html?

Comments

  • Old_JoeOld_Joe
    But she says that her boyfriend was mean to her and made her do all that bad stuff. Must all be his fault, I guess.
  • Sven
    The sad part is that her blood testing method was endorsed by many established individuals including a Stanford biochemistry professor, Walgreens and CVS pharmacies, politicians (Henery Kissinger and Bill Clinton), and hedge fund managers. Guess they all got conned by her salesmanship without asking key technical questions that may reveals faults in her testing methods.
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