Re:Theranos, CEO Holmes, and Former President Balwani Charge...
by iliketosleep on Wednesday March 14, 2018 @10:04PM
(#16590013)
I agree, especially when you use the recent Shkreli case as a point of comparison. You have Shkreli who has been put away for 7 years for a hypothetical 10mil, yet Holmes commits "massive fraud", possibly losing 100's of millions of investors' money, and most likely gets away with a 600,000 fine and no jail time.
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Re:Theranos, CEO Holmes, and Former President Balwani Charge...
by psergeant on Wednesday March 14, 2018 @10:31PM
(#16590057)
Also, regarding the Shrekli case, didn’t everyone end up financially better off than they started?
Re:Theranos, CEO Holmes, and Former President Balwani Charge...
by hyperbovine on Wednesday March 14, 2018 @10:59PM
(#16590154)
Umm, the money had to come from somewhere.
Re:Theranos, CEO Holmes, and Former President Balwani Charge...
by aplummer on Wednesday March 14, 2018 @11:32PM
(#16590244)
Nah they did. He lost their money on stocks, lied about the state of their investments then paid them all a healthy return from his drug ventures with them none the wiser.
Re:Theranos, CEO Holmes, and Former President Balwani Charge...
by L_Rahman on Thursday March 15, 2018 @01:59AM
(#16590710)
It came from the pockets of insurers and individuals who couldn't afford insurance at all when he jacked up the prices of essential drugs.
That wasn't illegal at all though :)
Just that he lied to his investors about the source of the returns.