Theranos - fraud

Discussion in 'Wall St. News' started by RedDuke, Apr 6, 2017.

  1. RedDuke

    RedDuke

    CSEtrader and Clubber Lang like this.
  2. Zzzz1

    Zzzz1

    to start with, she is at a head of a huge corporate scandal where she and the company lied for years to regulators, Walgreen, other investors, and patients that blood samples were analyzed with their technology when in reality the technology turned out a complete failure and most blood samples were analyzed the conventional way. She knew about it and should bear the main share of responsibility. Probably hard to prove how much she knew and what she did not know, I assume the prosecution needs more whistle blowers.

     
    CSEtrader and Here4money like this.
  3. RedDuke

    RedDuke

    Essentially the whole operation was just a giant fraud, on top of which patients got harmed with incorrect lab results for their blood work.

    Crazy she is still not indited.
     
  4. RRY16

    RRY16

    If you look and see who was on the board of Theranos then you'll understand why.
     
  5. Pekelo

    Pekelo

    Hey, only one board member with connection to the law:

    "Mr. Boies served as Special Trial Counsel for the United States Department of Justice "
     
  6. Thanks. I was not following the saga.

    surf
     
  7. RRY16

    RRY16

    Former board members were George Schultz, Henry Kissinger, Former Sen Sam Nunn, former Def Sec William Perry plus the VC's are big time connected. Boies is considered one of the top lawyers in the world.. She is big time protected.
     
  8. vanzandt

    vanzandt

  9. RedDuke

    RedDuke

    I did see the board, so I guess a good example of different rules for different classes of people.
     
    #10     Apr 6, 2017