The Crimes of Elizabeth Holmes | A 10 Billion Dollar Fraud

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They found her guilty for defrauding investors but not for jeopardizing the lives of patients. Typical.

It's honestly disgusting and demoralizing that she wasn't found guilty for defrauding patients. Literally the only crime that mattered was that she lost wealthy people money, not that she put lives at risk.

Hi, Medical Laboratory Scientist here! I wanted to clarify why sometimes we need to use a test without direct FDA approval, because it's NEVER intended to be loophole like Theranos exploited. Basically, it's there so we can make slight use modifications to existing tests. A really great example that my lab uses is a drug test that is FDA approved for use in blood, and we use it to test urine for that same drug. We performed a long, comprehensive study showing that the test is just as effective at detecting the drug in urine as it is in blood. We show this study to regulators and explain our methodology thoroughly whenever they ask during inspections. What Theranos did was take this allowance to have some wiggle room to utilize existing tests in slightly different use cases and abuse the shit out of it. Hope that helps!

Knowing her dad was a part of the Enron company it makes sense why she handled her “business” the way she did.

My father was a lab administrator at a large hospital between 2009-2014 when Theranos was really blowing up. He always loves telling people how he saw through their advertising campaign early on. Apparently the CEO and board of the hospital he worked at kept pushing him to get some Edison machines for the labs, but my dad kept telling the board that the science behind the machines just didn’t make any sense and he doubted they actually functioned as advertised. They didn’t care. He ended up calling Theranos reps but kept getting shuffled around to voicemails, broken phone lines, and receptionists who kept claiming everyone had “busy schedules” and couldn’t talk to him just yet. He kept calling and calling and calling and FINALLY ended up getting forwarded to a random Walgreens somewhere in Arizona that told him “we haven’t had any communication from them recently.” a week later that big article about Theranos was published lmao

i dont get the fetishization of dropping out of prestigious schools as if that somehow translates to "they were too good for the school" and not "they were shit students"

Phyllys Gardner should get a medal for calling Holmes a BS artist

I have this awful feeling that she will get out of prison on “good behavior”, or she’ll just be using her Hypno-Toad powers to get out of there. She really should be serving her entire 11 year sentence.

The problem with Holmes is that she still doesn't think she's done anything wrong, and I bet my bottom dollar she'll be at it again as soon as she's released.

Her entire concept was a giant red flag but the fact that her dad worked at Enron is cosmically hilarious

Honestly IMO the craziest part of her entire scam/fraud has nothing to do with Theranos. It was how anyone believed for a second that her fake deep voice was actually in any way real.

Its so crazy that you can face up to over 100 years in prison for defrauding people, but murder or rape barely has you facing 10 if that many

Imagine being her kids and realizing the whole reason that you are on this earth was to get your mom a lighter prison sentence. And it didn't even work.

She didn't go to jail as punishment for the crimes she committed, she went to jail because she scammed the wrong rich person

21:15 holy shit. There's gotta be something wrong like behaviorally there. Just reading that gave me chills from imagining being in that room. Some real "there is no war in ba sing se" shit

The suggestion that East Palo Alto is somehow considered to be a rough neighborhood is hilarious.

Wow, she said school isn't worth it, had a golden parachute from her family fortune, conducted a massive scam, and still talked down to other people as this inspiring image of hard work.

Being prosecuted for defrauding investors but not patients is the most American part of all of this

I just absolutely love the entering of this video. It's done perfectly. All of it is really well done but the first part is real masterpiece. Music, montage. Really good.