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Re:Elizabeth Holmes is sentenced to more than 11 years for f... by onlyrealcuzzo on Friday November 18, 2022 @06:01PM (#33663995)
Is it spelled out clearly what exactly Elizabeth Holmes was convicted of committing investor fraud for?

Was it this?

> Holmes admitted on the stand that Theranos was running blood tests on modified third-party machines without telling its business partners and that she added the logos of two pharmaceutical companies to studies that the company sent to investors.

This seems like everyday, standard startup procedure. Was there a lot more?

Re:Elizabeth Holmes is sentenced to more than 11 years for f... by hn_throwaway_99 on Friday November 18, 2022 @06:07PM (#33664099)
Not only was it clearly spelled out (this is a federal court, after all), but the judge specifically identified the 11 investors who were defrauded and the total amount of fraudulent gains to come up with that $140 million (the prosecution wanted it to be based on $800 million).
Re:Elizabeth Holmes is sentenced to more than 11 years for f... by fourseventy on Friday November 18, 2022 @06:28PM (#33664412)
Read Bad Blood and you will understand why.
Re:Elizabeth Holmes is sentenced to more than 11 years for f... by mrkramer on Friday November 18, 2022 @06:04PM (#33664051)
Theranos used Siemens machines to perform blood tests instead of their "miracle" machines. German engineers know how to get the job done!
Re:Elizabeth Holmes is sentenced to more than 11 years for f... by oldgradstudent on Friday November 18, 2022 @06:10PM (#33664148)
They were using smaller amounts of blood and diluting them outside the machines' spec.

Not much even German engineers can do about that.

Re:Elizabeth Holmes is sentenced to more than 11 years for f... by onlyrealcuzzo on Friday November 18, 2022 @06:18PM (#33664257)
Why can't she claim they made some dumb modification - and combined with using the Siemans machine out of spec - that it was the "Theranos Machine"?

This seems like startup 101.

On one hand, I can see why it's fraud. On the other hand, I can't - because it seems indistinguishable from a lot of businesses.

Re:Elizabeth Holmes is sentenced to more than 11 years for f... by voisin on Friday November 18, 2022 @08:36PM (#33665736)
> This seems like startup 101. On one hand, I can see why it's fraud. On the other hand, I can't - because it seems indistinguishable from a lot of businesses.

This is the problem right here. Fake it till you make it bullshit. Rather than actually innovating, just pretend you are.

Re:Elizabeth Holmes is sentenced to more than 11 years for f... by Nursie on Saturday November 19, 2022 @04:36AM (#33668605)
> Why can't she claim they made some dumb modification - and combined with using the Siemans machine out of spec - that it was the "Theranos Machine"?

Well, because we're talking about medical diagnosis, not a note-taking app. You don't get to just make claims, you need to prove them.

Re:Elizabeth Holmes is sentenced to more than 11 years for f... by soperj on Friday November 18, 2022 @06:12PM (#33664173)
They didn't work with the amount of blood that they were providing.
Re:Elizabeth Holmes is sentenced to more than 11 years for f... by tptacek on Friday November 18, 2022 @06:02PM (#33664024)
Yes. There was a lot more.
Re:Elizabeth Holmes is sentenced to more than 11 years for f... by throw422223 on Friday November 18, 2022 @07:55PM (#33665376)
She is an attractive public women in a male domain that made a big mistake. Male startup founders have indeed done mistakes on equal or worse level.

For the past years tech bros felt like this gives them a free ticket to negatively obsess about her, and unload their hate on females on her for bonding.

That is well-studied primate behavior which you can read up. Destroying the confidence and perceived self-value of the available wombs assures that they don’t leave their tribe. They are also more likely to mate with low value males (instead of focusing on high status only) if they don’t see value in themselves.

A female Elon Musk is unthinkable at the current human state, unless we remove the ancient primate behavior from the pool.

Re:Elizabeth Holmes is sentenced to more than 11 years for f... by civilized on Friday November 18, 2022 @09:40PM (#33666214)
I really want to know, who is the male business executive who endangered the health of thousands of people by giving them faulty medical information, or something similarly serious, and wasn't punished?

I have heard many people say this about Holmes, but never with an example. It has begun to seem like a presumption of sexism is its own evidence, no actual evidence needed.