Theranos Fraudster's Partner Launches His Own Blood-Testing Startup (thedailybeast.com) 34
"The romantic partner of Theranos fraudster Elizabeth Holmes has launched a start-up that sounds eerily similar to the venture that landed his girlfriend behind bars," writes The Daily Beast.
He's incorporated "Haemanthus" in Delaware a year and a half ago (though the company operates out of his neighborhood in Austin), according to the New York Times. Haemanthus appears to have around 10 employees.
From The Daily Beast: California hotel heir Billy Evans' new company is a blood-testing firm that markets itself as "the future of diagnostics," offering "a radically new approach to health testing," according to The New York Times. In other words, exactly what Theranos said it would do. Holmes is even advising the start-up from the Texas prison where she is serving out an 11-year prison sentence for fraud, sources told NPR... Evans has managed to raise nearly $20 million in funds from both friends and established investors in Austin and San Francisco, according to the investor materials.
The Times reports that Evan's company "plans to begin with testing pets for diseases before progressing to humans, according to two investors pitched on the company."
And TechCrunch reminds readers that Elizabeth Holmes said in a recent interview "that she remains 'completely committed to my dream of making affordable healthcare solutions available to everyone.'"
He's incorporated "Haemanthus" in Delaware a year and a half ago (though the company operates out of his neighborhood in Austin), according to the New York Times. Haemanthus appears to have around 10 employees.
From The Daily Beast: California hotel heir Billy Evans' new company is a blood-testing firm that markets itself as "the future of diagnostics," offering "a radically new approach to health testing," according to The New York Times. In other words, exactly what Theranos said it would do. Holmes is even advising the start-up from the Texas prison where she is serving out an 11-year prison sentence for fraud, sources told NPR... Evans has managed to raise nearly $20 million in funds from both friends and established investors in Austin and San Francisco, according to the investor materials.
The Times reports that Evan's company "plans to begin with testing pets for diseases before progressing to humans, according to two investors pitched on the company."
And TechCrunch reminds readers that Elizabeth Holmes said in a recent interview "that she remains 'completely committed to my dream of making affordable healthcare solutions available to everyone.'"
“Investors” (Score:3)
Sure are a lot of stupid people with money these days.
Re: (Score:1)
The truly stupid are those, who vote against taxing those "investors" enough and for greenspaning them with even more government-printed free money instead.
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Re: “Investors” (Score:2)
Re: “Investors” (Score:3)
Having false positives is not a problem on its own. We use tests which have a risk of false positives every day. We just follow up positives with other tests. All tests have a risk of false positives and/or negatives.
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A high false anything rate is never good for any test, but money is in charge of health care in America so... You run the cheap tests first and then if you get a positive you follow it up with a more expensive test if it's indicated by the other details of your condition. You don't just assume that a test with a high false positive rate means you're positive. Naturally this is the danger of allowing people to get their own tests, because there won't be any responsible and educated medical professional there
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There's a sucker born every minute. --P T Barnum
I think he'll do okay (Score:3)
The key to these kind of scams is to make sure they don't get so big that you attract the attention of the 1% and then if you do you need to make sure that the 1% understand that it's a scam so that they don't lose any money. As long as you protect those guys you can generally rip off anyone you want these days I mean, we killed the consumer Financial protection bureau last November. Absolute worst case scenario you need to set aside some money to buy a pardon
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At this point the super wealthy know to avoid getting scammed by him and he's probably smart enough not to scam them anyway.
At this point with all the gutting of the control function of the government that's going on, and with at least 3.5 years more of it on the horizon, it is the best time to try and sell to "investors" as many fakes and scams as possible.
Just a timely business opportunity (Score:5, Informative)
Re:Just a timely business opportunity (Score:4, Interesting)
I'm reminded of a post [slashdot.org] I read earlier today:
When I hear the word "grift", I know everything about the posters politics and the angle they are coming from.
They've managed to convince people that the concept of scamming - the very words used to describe it - are myths. I guess that's the only place left to retreat to, mentally, when you realize all your heroes are lying to you. The pain must be so deep that merely reading about a grift gets them triggered.
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I'm reminded of a post [slashdot.org] I read earlier today:
When I hear the word "grift", I know everything about the posters politics and the angle they are coming from.
They've managed to convince people that the concept of scamming - the very words used to describe it - are myths. I guess that's the only place left to retreat to, mentally, when you realize all your heroes are lying to you. The pain must be so deep that merely reading about a grift gets them triggered.
Funny how Valgrus' post is the social media equivalent of Theranos.
Theranos takes a tiny bit of blood, and runs an exhaustive number of tests on it
Valgus reads the word "Grift" and just like Theranos, knows everything there is to know about the poster.
Both process are steeped in fail.
But ... think of the children (Score:2)
Theranos Fraudster's Partner Launches His Own Blood-Testing Startup
What will happen to Billy's and Elizabeth's 2 kids once their *both* in prison?
Re: (Score:2, Troll)
s/their/they're/
(sigh)
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street cons (Score:2)
When you get kicked out of one spot you move to another.
Classic street con, Follow the Queen. She is playing 3 Card Monte IRL. You think that you know the Queen is in the jail cell. Yet everything turns up Jacks.
PRISONS are RONERY (Score:1)
Justice (something that has nothing to do with the US Department of Vengeance) take a while.
It took a decade to bring down Prenda Raw not Craw.
And now this joker who's dating a moron Steve Jobs sychophant voice alterning investor ripoff convicted criminal... ...wants to do the same thing.
Can't he just save investor and the State money and report to Prison?
"Hi, I'm the father of Eliabeth 'Criminal' Holmes and I want to make a NEW Theranos. I found the business plan encrpyted on her Windows BitLocker thingie
New Corporate Name and Slogan (Score:2)
Corporate slogan: "We're honestly shameless."
If this were true ... (Score:2)
Then she'd be transferred pretty rapidly to the Epstein wing - the one with cell floors sloping towards a scorpion pit.
Fuck About with a multi-trillion dollar profit centre ; Find Out about the difficulty of stocking scorpion anti-venom, or even detecting it with commercial forensics equipment.
Nepos (Score:2)
These useless Nepo babies are hysterical with their headlines and egos. This is why the French killed them all, totally entitled morons masquerading as intelligent by using their inherited money to cause trouble. Just petulant children screaming "I'm right I'm right I'm right!!"
I'm so glad these ones have no bearing on my life.
This time with improved fraud? (Score:2)
Fool me once ...
Money is thicker than blood. (Score:2)
Can't wait for the pitch deck (Score:2)
All Theronos Board Should Have Been Charged (Score:2)
"a radically new approach to health testing" (Score:2)
WARNING WILL ROBINSON!!