Re:We Shouldn’t Be Surprised at the Theranos Fraud
by jlj on Thursday June 07, 2018 @02:20AM
(#17253715)
Were his losses insured or recovered somehow after the collapse? Or was the investor money all gone by then?
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Re:We Shouldn’t Be Surprised at the Theranos Fraud
by sjburt on Thursday June 07, 2018 @09:02AM
(#17255366)
Not publishing the story wouldn't have saved Murdoch's $125m. The story just reflected the truth of the matter, which was that the company had nothing and never did.
Re:We Shouldn’t Be Surprised at the Theranos Fraud
by jlj on Friday June 08, 2018 @10:43AM
(#17265878)
Speculating that he might have lost less than $125 million by publishing the story. How much of the investment was recovered or it's that still TBD?
Once the fraud was exposed and the company began winding down, spending would quickly slow down and that might have put investors in a better position to recover something, versus loosing everything.