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What John Carreyrou Expects at the Trial of Elizabeth Holmes
The author of “Bad Blood” discusses the Theranos founder’s defense strategies and the likelihood that he himself will be called as a witness.
By Helen Rosner
September 21, 2021
Elizabeth Holmes wearing a mask arrives at a courthouse in California.
“There’s an entitlement to Elizabeth Holmes and her clan that you can’t underestimate,” the journalist John Carreyrou says.Source photograph by David Paul Morris / Bloomberg / Getty
The federal trial of Elizabeth Holmes, the founder and former C.E.O. of the now defunct medical-testing tech startup Theranos, began on August 31st, three years after Holmes’s indictment on numerous counts of fraud and conspiracy to commit wire fraud. Theranos was once valued at more than nine billion dollars. It employed upward of seven hundred people and had a board of directors stacked with the likes of Henry Kissinger and James Mattis. Then, six years ago, the company collapsed like a soufflé, following a Wall Street Journal exposé by the reporter John Carreyrou, who wrote that the company’s supposedly revolutionary technology—a proprietary lab machine that could run hundreds of medical tests using mere drops of blood drawn from a finger prick—was not at all what Theranos claimed it to be.
One of the key investors pulled strings to get his qualified nephew to work there....and both of them had a really close relationship.
The nephew started to see some bad shit coming out of the labs....some illegal shit...and he mentioned it to the uncle who was heavily invested about it....he basically did not believe them and took Holmes side (who was the daughter of a family friend)...
There is other amazing stories in it....another favourite was when she tried to get the military to use the wonder machine....and the person in charge, who was very very qualified was like "your full of shit....have you done all of these FDA certs" and basically squashed it.....until Mattis told him to keep on looking into it.
And yeah, it never worked during wartime operations.
Yeah, I read it a couple of years back. It's why I cringe at half Elon Musks antics re fake it till you make it in half his projects. She is, a total grifter.
Yeah....I hate how you can say "tech" and get away with anything.
I also hate how higher ups like Musk, Jobs and others are treated as geniuses when the majority of the work is done by underlings.
Sure, you had the vision but you didn't do shit 90% of the time.
Musk's superpower is being born into a very wealthy African emerald mine family and putting his name on products because he paid his way in. eg Musk did not found or co-found Tesla, he bought his way into the title.
Elizabeth Holmes trial: jury finds Theranos founder guilty on four fraud counts
The jury delivered the verdict after announcing they were deadlocked on three of the 11 charges faced by Holmes
KMC Community Forums
Sep 22nd, 2021 11:00 AM
cvnts!
