Originally posted by Jeff Lebowski
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This doesn't really belong in this thread but this thread seems to have the bulk of comments about Theranos so...
Elizabeth Holmes was found guilty today on 3 charges of wire fraud of investors and 1 charge of conspiracy to commit wire fraud. She was acquitted on 4 fraud charges related to patients and to Theranos advertising, and the jury deadlocked on 3 other charges related to fraud with investors. So guilty on 4 out of 11 total charges. She faces 20 years in prison for the convictions. I doubt she will get the full 20 years but she definitely deserves to do time.
Sunny's trial starts in a few of months. He seems like an arrogant insufferable asshole so I'm betting his lawyers don't dare put him on the stand.
Update: Here is the breakdown of the charges and verdicts:
1. Conspiring to commit wire fraud against investors in Theranos between 2010 and 2015: Guilty.
2. Conspiring to commit wire fraud against patients who paid for Theranos' blood testing services between 2013 and 2016: Not guilty.
3. Wire fraud in connection with a wire transfer of 99,990 on or about Dec. 30, 2013: No verdict.
4. Wire fraud in connection with a wire transfer of 5,349,900 on or about Dec. 31, 2013: No verdict.
5. Wire fraud in connection with a wire transfer of 4,875,000 on or about Dec. 31, 2013: No verdict.
6. Wire fraud in connection with a wire transfer of 38,336,632 on or about Feb.6, 2014: Guilty.
7. Wire fraud in connection with a wire transfer of 99,999,984 on or about Oct. 31, 2014: Guilty.
8. Wire fraud in connection with a wire transfer of 5,999,997 on or about Oct. 31, 2014: Guilty.
9. Charges dropped
10. Wire fraud in connection with a patient's laboratory blood test results on or about May 11, 2015: Not guilty.
11. Wire fraud in connection with a patient's laboratory blood test results on or about May 16, 2015: Not guilty.
12. Wire fraud in connection with a wire transfer of 1,126,661 on or about Aug.3, 2015: Not guilty.Last edited by BigFatMeanie; 01-03-2022, 06:14 PM.
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Originally posted by BigFatMeanie View PostThis doesn't really belong in this thread but this thread seems to have the bulk of comments about Theranos so...
I read that book a few months back and it was quite revealing. Now I at least understand how Theranos went from a good idea, to something that didn't quite work, to one of the biggest scams of all time. Apparently Elizabeth Holmes was a very persuasive person.
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Originally posted by BigFatMeanie View PostThis doesn't really belong in this thread but this thread seems to have the bulk of comments about Theranos so...
Elizabeth Holmes was found guilty today on 3 charges of wire fraud of investors and 1 charge of conspiracy to commit wire fraud. She was acquitted on 4 fraud charges related to patients and to Theranos advertising, and the jury deadlocked on 3 other charges related to fraud with investors. So guilty on 4 out of 11 total charges. She faces 20 years in prison for the convictions. I doubt she will get the full 20 years but she definitely deserves to do time.
Sunny's trial starts in a few of months. He seems like an arrogant insufferable asshole so I'm betting his lawyers don't dare put him on the stand.
Update: Here is the breakdown of the charges and verdicts:
1. Conspiring to commit wire fraud against investors in Theranos between 2010 and 2015: Guilty.
2. Conspiring to commit wire fraud against patients who paid for Theranos' blood testing services between 2013 and 2016: Not guilty.
3. Wire fraud in connection with a wire transfer of 99,990 on or about Dec. 30, 2013: No verdict.
4. Wire fraud in connection with a wire transfer of 5,349,900 on or about Dec. 31, 2013: No verdict.
5. Wire fraud in connection with a wire transfer of 4,875,000 on or about Dec. 31, 2013: No verdict.
6. Wire fraud in connection with a wire transfer of 38,336,632 on or about Feb.6, 2014: Guilty.
7. Wire fraud in connection with a wire transfer of 99,999,984 on or about Oct. 31, 2014: Guilty.
8. Wire fraud in connection with a wire transfer of 5,999,997 on or about Oct. 31, 2014: Guilty.
9. Charges dropped
10. Wire fraud in connection with a patient's laboratory blood test results on or about May 11, 2015: Not guilty.
11. Wire fraud in connection with a patient's laboratory blood test results on or about May 16, 2015: Not guilty.
12. Wire fraud in connection with a wire transfer of 1,126,661 on or about Aug.3, 2015: Not guilty.
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Originally posted by Clark Addison View Post
I'm no law-talking guy, but it seems to me that the guilty verdicts were somewhat focused on the more serious charges. Anyone who followed things care to confirm or refute?
One issue with many of the not guilty items had to do with the way the law was written. The guilty verdicts were clearly guilty according to the law with no doubt.
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Interestingly, I think Sunny Balwani is particularly screwed. The majority male jury convicted Elizabeth Holmes on 4 counts and at least one of the juror's has now discussed in the media how sympathetic, likeable, and charismatic she was so the jury found it harder to convict her. Sunny, by every account I've read, is a walking anus so I'm guessing the jury won't find it hard at all to convict him. If I was that dude, I would be talking plea bargain right now...
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Originally posted by BigFatMeanie View PostInterestingly, I think Sunny Balwani is particularly screwed. The majority male jury convicted Elizabeth Holmes on 4 counts and at least one of the juror's has now discussed in the media how sympathetic, likeable, and charismatic she was so the jury found it harder to convict her. Sunny, by every account I've read, is a walking anus so I'm guessing the jury won't find it hard at all to convict him. If I was that dude, I would be talking plea bargain right now..."There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creekster
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Originally posted by Jeff Lebowski View Post
I don't get it. Every time I saw her speak, I felt the opposite of sympathetic. She seemed super slimy and arrogant.
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Did she use her fake deep voice while on the stand?"Seriously, is there a bigger high on the whole face of the earth than eating a salad?"--SeattleUte
"The only Ute to cause even half the nationwide hysteria of Jimmermania was Ted Bundy."--TripletDaddy
This is a tough, NYC broad, a doctor who deals with bleeding organs, dying people and testicles on a regular basis without crying."--oxcoug
"I'm not impressed (and I'm even into choreography . . .)"--Donuthole
"I too was fortunate to leave with my same balls."--byu71
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Originally posted by SteelBlue View PostJust finished "Slade House" by David Mitchell. He wrote the first chapter on Twitter, and the rest in a fairly short time. If you like Mitchell, you'll enjoy this one. It's a lot of fun, and for the most part it can be read stand alone, though as with all of his novels, it is interconnected with the others and especially The Bone Clocks.
Prepare to put mustard on those words, for you will soon be consuming them, along with this slice of humble pie that comes direct from the oven of shame set at gas mark “egg on your face”! -- Moss
There are three rules that I live by: never get less than twelve hours sleep; never play cards with a guy who has the same first name as a city; and never get involved with a woman with a tattoo of a dagger on her body. Now you stick to that, and everything else is cream cheese. --Coach Finstock
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Originally posted by ERCougar View PostI love Desert Solitaire too. And I like your point, Levin, and it's one I have to keep reminding myself of. Another way I've tried to view things is in the lens of creating vs criticizing. I'm afraid that as I've aged I've become much more of a critic and less of a creator.
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