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So How Long Is Elizabeth Holmes Going To Jail For?

Posted on 5/19/16 at 1:33 pm
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 5/19/16 at 1:33 pm
Wow years of blood tests have been thrown out and Theranos is a full blown fraud now.She fought vigorously to defend her technology and now $9B valuation down the drain and she put so many peoples lives at risk over this BS. Life in prison isnt enough for her imo.

LINK
This post was edited on 5/19/16 at 1:34 pm
Posted by StealthCalais11
Lurker since 2007
Member since Aug 2011
12450 posts
Posted on 5/19/16 at 1:35 pm to
She won't
Posted by Mo Jeaux
Member since Aug 2008
58778 posts
Posted on 5/19/16 at 1:37 pm to
quote:

She won't


Yep. Female privilege.
Posted by little billy
Orange County, CA
Member since May 2015
8317 posts
Posted on 5/19/16 at 1:38 pm to
There was an astonishing lack of vetting that took place from large investors.
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 5/19/16 at 1:40 pm to
pretty remarkable honestly that valuations could run that high when she wouldnt even release data bc she was worried about competitors seeing it. Lots of blind trust, I was always skeptical that a 19 year old in her college dorm room built a company that was gonna change blood testing.
Posted by Spock's Eyebrow
Member since May 2012
12300 posts
Posted on 5/19/16 at 1:40 pm to
quote:

There was an astonishing lack of vetting that took place from large investors.


She was a young blonde in Silicon Valley who dressed like Steve Jobs. What more could you ask for?
Posted by little billy
Orange County, CA
Member since May 2015
8317 posts
Posted on 5/19/16 at 1:42 pm to
quote:

She was a young blonde in Silicon Valley who dressed like Steve Jobs. What more could you ask for? 





Good point haha
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
63329 posts
Posted on 5/19/16 at 1:45 pm to
quote:

So How Long Is Elizabeth Holmes Going To Jail For?


For as long as John did.
Posted by Mo Jeaux
Member since Aug 2008
58778 posts
Posted on 5/19/16 at 1:49 pm to
quote:

She was a young blonde in Silicon Valley who dressed like Steve Jobs. What more could you ask for?


This is true. People wanted/needed a female tech success so badly, they were willing to dispense with typical due diligence.
Posted by foreverLSU
Member since Mar 2006
17060 posts
Posted on 5/19/16 at 2:17 pm to
This makes me sad because I was so intrigued by Elizabeth Holmes and I admired her as a CEO, and working in the healthcare industry I had high hopes for her company and the work they were doing to revolutionize healthcare. Oh well.
Posted by Walking the Earth
Member since Feb 2013
17260 posts
Posted on 5/19/16 at 2:30 pm to
Never write a check until you vet the CEO for crazy eyes.

That one simple test could have saved investors millions.

Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134865 posts
Posted on 5/19/16 at 2:32 pm to
What would she be charged with?
Posted by chinhoyang
Member since Jun 2011
23442 posts
Posted on 5/19/16 at 2:47 pm to
quote:

What would she be charged with?
blood sport
Posted by bbvdd
Memphis, TN
Member since Jun 2009
25001 posts
Posted on 5/19/16 at 2:52 pm to
quote:

What would she be charged with?


Fraud, conspiracy, manslaughter (if any of their patients died due to false testing results it would be manslaughter), etc.
Posted by usc6158
Member since Feb 2008
35356 posts
Posted on 5/19/16 at 2:56 pm to
quote:

What would she be charged with?



DOJ is already investigating Theranos for criminal fraud
Posted by MSTiger33
Member since Oct 2007
20384 posts
Posted on 5/19/16 at 3:01 pm to
quote:

She won't


She may. Sally Yates has basically ordered the DOJ to bring her heads on sticks. DOJ is ramping up individual accountability in corporate fraud cases.
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 5/19/16 at 3:17 pm to
We dont know if anyone died due to theranos negligence, who knows what they find when they look deeper. Id like to see her personally hit with a manslaughter charge if someone died bc of their testing. Execs never get in trouble but this should be different.

Posted by Mo Jeaux
Member since Aug 2008
58778 posts
Posted on 3/15/18 at 5:01 am to
quote:

The SEC isn't sending Theranos CEO Elizabeth Holmes to jail for fraud


The SEC is a civil regulatory agency. It does not send anyone to jail.
Posted by Stexas
SWLA
Member since May 2013
6007 posts
Posted on 3/15/18 at 5:26 am to
True, but he’s quoting “news” headlines.

The SEC cannot put people in jail. Enforcement may refer potential criminal cases to criminal law enforcement authorities for investigation or coordinate SEC investigations with criminal investigations involving the same conduct. If a person is convicted of a criminal violation of the securities laws, a court may sentence that person to serve time in jail.
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