The people that tell you not to want a billion dollars are the billionaires who don’t want you to be jealous of their wealth. Yes, you want to wake up with a billion dollars if you have the chance. |
role model? NO! Elizabeth Holmes dropped out of Stanford University at 19 to start blood-testing startup Theranos, and grew the company to a valuation of $9 billion. But it all came crashing down when the shortcomings and inaccuracies of the company's technology were exposed, and Theranos and Holmes were charged with "massive fraud." If convicted, Holmes could face up to 20 years in prison. A California judge initially set an August 2020 start date for the federal trial, but the case has been delayed until March 2021 due to the coronavirus pandemic. |
I have been following this mess for a while. Where this site is DC-focused, does anyone have any old stories (or new ) of EH in DC or wherever to add to what we already know. I’m Canadian so I realize the reach. She’s fascinating in a very odd way.
Same for Sunny, any stories on him? Any other trial watchers out there waiting on these cases too? |
I thought Elizabeth went to jail, she was considered by many in her industry to be a fraud, albeit a brilliant one |
Read “Bad Blood.” |
She's being prosecuted now. She was brilliant at being a fraudster. |
That her trial didn’t start years earlier is a clear sign of the tilt of the system. |
Meh. It's not uncommon for really massive fraud cases to have a couple of years of pretrial stuff. |
SHE has filed all the extensions. When you also consider the SEC has been through the civil process and that the crim trial will follow the same info, the “complexity” argument falls flat. |