The standalone Theranos thread

[WOM]

I guess. The part that will pinch the most is trying to get her next 'big idea' funded, but I've actually no doubt that she will. Given the frequency with which moneyed suckers, etc.

[The Awesome Berbaslug!!!]

how many hundreds of millions of dollars did she steal?

[WOM]

She was once a billionaire. I'd love to know how much is left / stashed.

[Evariste Euler Gauss]

Less than a year? That is insane by any standards considering the serious harm which her fraud has - totally predictably - caused (and I'm not talking about the gullible rich idiot investors of course) and the ruthless determination with which she pursued it. By any standards that would be offensively lenient. But in a country like the US where the criminal justice system is generally so harsh (especially on the poor of course) it would be even more outrageous.

[ursus arctos]

Are you new here?

[The Awesome Berbaslug!!!]

Yes but she stole hundreds of millions from rich people.

[ursus arctos]

That is indeed a key part of the prosecutorial calculus here.

By definition, her victims were “sophisticated investors”.

[Evariste Euler Gauss]

So knowingly endangering life by putting out fake blood tests that led members of the public to make disastrously wrong choices about medical treatment is not a significant part of her wrongdoing in the eyes of US criminal law? it's only the fraudulent taking of investors' money that matters?

[ursus arctos]

There is limited evidence that that actually happened, and if it did it would be a matter for states rather than the federal government.

[Ginger Yellow]

Speaking of spectacular tech frauds:

The Rolls Buildings,
Court 30
Before MR JUSTICE HILDYARD

Tuesday 12 February 2019

At 10:30 AM

Judgment

HC-2015-001324 Autonomy Corporation Limited and others v Lynch and another

[Lucy Waterman]

What are some good pieces to look at for details of this one, GY?

[Ginger Yellow]

Don't know of a single article that summarises it particularly well, but you could just search Alphaville for Autonomy.

[Incandenza]

[Cal Alamein]

For someone who isn’t too abreast of the whole story (me!) I found this to be a decent podcast
http://abcradio.com/podcasts/the-dropout/