Re:U.S. Bans Theranos CEO Elizabeth Holmes from Operating La...
by scott_s on Friday July 08, 2016 @11:16AM
(#12056104)
Your quote removed the qualifiers from what I said. What I said, in full: "I think it's possible Holmes fits your description - she was in over her head, never set out to scam anyone, and slid down a very bad path without ever intending to. I don't know this is the case, but I believe it's possible."
So, to answer your question, I don't know, which I clearly said. However, I think it is possible that Holmes was not intentionally running a scam, but allowed herself to be deluded by her own story. Again, to be clear, I do not know this is the case. I think it is possibly true. To me, this is different from Madoff, where we know he knowingly ran a scam.
Theranos marketing materials lied. Only difference is they changed the marketing materials after they got caught.
> never set out to scam anyone
How do you know? Maybe that's been part of her scam...to operate it under the guise of a venture funded startup. The difference between Madoff and Holmes is that Madoff's scam is purely financial, so it's easy to understand motive. It's slightly harder to understand for Holmes' case and the verdict is still out.