Theranos Founder Elizabeth Holmes' Fraud Convictions Upheld (msnbc.com) 40
"Elizabeth Holmes' fraud conviction has been upheld by a federal appellate panel," writes Slashdot reader ClickOnThis. MSNBC reports: A three-judge panel of the 9th U.S. Circuit Court of Appeals on Monday affirmed the convictions, sentences and nine-figure restitution ordered against both Holmes and Theranos president, Ramesh "Sunny" Balwani. [...] Theranos was supposedly going to revolutionize medical laboratory testing with the ability to run fast, accurate and affordable tests with just a drop of blood from a finger prick. "But the vision sold by Holmes and Balwani was nothing more than a mirage," 9th Circuit Judge Jacqueline H. Nguyen wrote (PDF) for the panel, adding that the "grandiose achievements touted by Holmes and Balwani were half-truths and outright lies."
Holmes was convicted of crimes related to fraud against investors while the jury acquitted her or hung on other counts. Balwani was convicted on all counts at his trial. The federal panel rejected a slew of arguments from both defendants, including that their trials featured improper testimony from Theranos employees. While the ruling is a major setback for the defendants, they can further appeal to a fuller panel of 9th Circuit judges and the Supreme Court, which generally has broad discretion over whether to accept cases for review.
Holmes was convicted of crimes related to fraud against investors while the jury acquitted her or hung on other counts. Balwani was convicted on all counts at his trial. The federal panel rejected a slew of arguments from both defendants, including that their trials featured improper testimony from Theranos employees. While the ruling is a major setback for the defendants, they can further appeal to a fuller panel of 9th Circuit judges and the Supreme Court, which generally has broad discretion over whether to accept cases for review.
Federal conviction upheld on appeal, so ... (Score:2, Troll)
She'll be pardoned by #47 in 3... 2... 1... (And then get a Cabinet position.)
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SBF too .. he's a nice guy that's been treated so unfairly. Making decisions based on evidence is stupid, is he a MAGA supporter or not? If so, pardon. Forget all the legal shmegal bullshit. Evidence based reasoning is woke.
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What if Trump was an investor who got back more than he put in because bitcoin went back up?
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Looking at your history of posts (including ones I have responded to) I see that all of them consist of a single question, or a set of questions. Every. Single. Post.
And frequently they're off-topic, like this one. Are you a chatbot or something?
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Are you saying you would vote for me to drink hemlock?
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Congratulations on proving my point. And on comparing yourself to Socrates.
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Do you see yourself as Meletus, Anytus, or more like Lycon, perhaps?
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SBF was too dumb not to figure out a way to put away $100 million somewhere.
All the other pardons for tech fraud were tech guys who could operate their systems. They knew how to hide the money so that they could buy a pardon in the future or something similar in the future.
I don't think SBF was smart enough to do that. He had a bunch of friends who did that and looks like he never learnt.
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No doubt there are positions which would get her a pardon from Greedy McGolfy, but none of them involve cabinets.
Oh, no! (Score:2)
Oh no, step-felon 47! What are you doing!
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Given your prior endorsement of the view that every rich person is a sociopath that should die, I'd figure you'd be a big fan of hers considering she ripped off other rich people. And I don't think her being rich in and of itself would be a deal-breaker given your views on Luigi, who was raised by a rich family. Or is it just that ripping them off isn't enough, only death will suffice?
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Given your prior endorsement of the view that every rich person is a sociopath that should die, I'd figure you'd be a big fan of hers considering she ripped off other rich people.
Her business plan threatened people's health. Figure harder.
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At the end of the day, few people actually used her goofy little machine. Most of the work was done using third party instruments and conventional testing. No insurance ever covered it, including medicare and medicaid, including insurance that was in-network with Theranos for conventional testing. Which means if they did use it, they were more likely to have money to spare, making them more likely to be sociopaths subject to death in your view.
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Only if she kisses the ring or buys some shitcoin. But she’s probably a huge narcissist and still thinks she did no wrong.
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What do you mean "probably"? She's already made that pretty fucking clear.
What does she have (Score:1)
Can't think of anything she has that Orange Julius wants, though.
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The president might want to impregnate her, because of his paraphilia.
Can't think of anything she has that Orange Julius wants, though.
She is not an unattractive woman. And she's (in)famous. Combinations the 47th has shown interest in before.
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Dunno about that. It's one thing if the woman has a hot body and all of that, but when they have the voice of a 16 year old boy, it really kills the mood. Maybe she's more Kevin Spacey's type.
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Except she's a she. And we know how Trump is with DEI. So no, she gets no pardon because she's a she and not a white male.
And it's not like she can become a he, because we know Trump said there's no such thing as trans people.
She's screwed.
Re:Federal conviction upheld on appeal, so ... (Score:4, Insightful)
With a stoke of a sharpie, Trump pardoned all 1,500 Jan 6 rioters. Many of them were women.
Getting a pardon from Trump has nothing to do with your gender, and everything to do with whether pardoning you supports his world-view.
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Meh. The idea is obvious and academia and the industry continues to run with it even today and has gotten much closer to reality. The issue was just that Theranos' hype got out of control and the actual performance didn't catch up anywhere near quickly enough to save them.
This is not entirely unlike Tesla FSD which was first sold in 2016 and didn't become available until ~2022 (as a beta and ofc still pretty iffy depending on what one defines it as being )
As to Holmes herself i still don't think she was an
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Frist and Foege have medical degrees. Of the rest, a few have degrees or backgrounds in business/industrial processes. The others I presume were there for marquee value, because of their celebrity.
Altogether, I don't see a pump-and-dump scenario just from the board of directors. For sure, it's not "stacked" with medical-device experts, but a few of them should have been hard to hoodwink. Unless the lies were convincing of course.
The question is not⦠(Score:1)
Whether she will be pardoned. That is assured.
The question is how much she will have to pay for it.
If I had to guess: $15M +- $3M. Not very exact, I realize. But, my understanding of the bribery/tribute market is not very good.
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Re: The question is not⦠(Score:2)
I think the "poor" guy is just one of the more recent victims of her manipulations.
So she fucked with people (Score:2)
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Bernie Madoff died in 2021.
She should have gotten life (Score:2)
She put people's lives at risk all to make a buck.
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The thing about it is everyone knew what she was doing was impossible except for that one idiot who runs Walgreens. As far as anyone can tell he was just mesmerized by her eyes or something because he should have known what she was doing was physiologically impossible or the very least somebody should have told him.
I guess what I'm saying is this thing where we have th
Scaled-up fraud (Score:2)
Elmo's Full Self Driving.
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I'm not entirely sure exactly how it works when a company does that but I've seen it happen enough times to know that it's perfectly doable and I know that if you go to a high-end business school they will teach you exactly how to do it. That's what Mitt Romney learned at
Remember guys (Score:2)
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Now you tell me!