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Irizflick Media > Blog > Technology > Defrauding investors: $945M lost, who’s to blame? | Theranos Trial Ep. 1
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Defrauding investors: $945M lost, who’s to blame? | Theranos Trial Ep. 1

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Last updated: 12/15/2021 7:30 pm
irizflick Published 12/15/2021 24 Views
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Defrauding investors: 5M lost, who’s to blame? | Theranos Trial Ep. 1
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Defraud­ing investors: $945M lost, who’s to blame? | Ther­a­nos Tri­al Ep. 1



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Episode 2: Theranos’s inven­tion nev­er would have worked. Here’s why.
Episode 3: The cre­ation of Eliz­a­beth Holmes and the fall of Theranos 

Eliz­a­beth Holmes is on tri­al for fraud over her time at Ther­a­nos. As the tri­al begins to wrap up, many ques­tions have sur­faced about what enabled Ther­a­nos to rise to such heights. Would the alleged crimes have been pos­si­ble with­out the tremen­dous momen­tum from angel investors?

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#Defraud­ing #investors #945M #lost #whos #blame #Ther­a­nos #Tri­al

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21 Comments 21 Comments
  • The Verge says:
    12/15/2021 at 7:30 pm

    If you could get investors to give you a bil­lion dol­lars, what kind of com­pa­ny would you start?

    Reply
  • Venena Religio Est says:
    02/23/2022 at 2:08 am

    The investors deserve to lose their mon­ey for their stu­pid­i­ty, and those that invest­ed oth­er peo­ples mon­ey in this non­sense deserve to be fired! It could NEVER have suc­ceed­ed, most blood tests require a blood sam­ple FAR big­ger than ‘a sin­gle drop of blood’.

    Reply
  • Venena Religio Est says:
    02/23/2022 at 4:04 am

    The investors are major names, but major stupid!!

    Reply
  • Manuel Forero says:
    03/10/2022 at 6:58 pm

    They are not mad because they do not want to look like they were fooled

    Reply
  • Jack Smith says:
    03/11/2022 at 2:55 am

    A lit­tle due dili­gence goes a long way.

    Reply
  • thewkovacs says:
    03/18/2022 at 6:31 am

    oth­er than lucas and draper.…who nev­er invest­ed a lot on biotech…very few vc’s were fooled
    that is why she went after pri­vate investors

    Reply
  • Jackie C says:
    03/18/2022 at 8:01 am

    If she had stopped before putting the Edi­son in Wal­greens, con­tact­ed investors and told them they hit a wall and just can’t go any fur­ther. Offered to return the mon­ey, closed the com­pa­ny. There prob­a­bly wouldn’t have been any fraud charges and she would have come out on top Maybe she would even have been able to keep some of the mon­ey. Blind stu­pid­i­ty to put a non work­ing machine in Walgreens

    Reply
  • Jason Lee in Taiwan - 李源生 says:
    03/20/2022 at 1:08 pm

    She could have just ver­i­fied first how much blood it takes to do these tests instead of cre­at­ing a fan­ta­sy. How could no one at Stan­ford tell her straight out that what she was try­ing to do was impossible?

    Reply
  • FAIRUZ DIN says:
    03/21/2022 at 7:19 am

    Well she stole from the rich ….who is greedy enough to get more 🤑

    Reply
  • JPat59 says:
    03/27/2022 at 8:56 am

    The next Steve Jobs. What a joke. She was more like the next Bernie Madoff.

    Reply
  • Joseph Fernando - Piano ♫ says:
    03/29/2022 at 12:48 pm

    The name of the machine Edi­son should have been a tipoff that, much like the real Edi­son, it was a huge fraud…

    Reply
  • Jose Olvera says:
    03/30/2022 at 11:03 am

    10 bil­lion val­u­a­tion and she couldn’t hire a per­son­al shop­per or stylist?

    Reply
  • Oscar Grey says:
    04/07/2022 at 8:20 am

    Yeah, I’m not mad that Bet­sy Devos and oth­er rich peo­ple lost money.

    Reply
  • Max Murphy says:
    04/10/2022 at 6:15 pm

    She should run for Con­gress.
    She’s a hero in my books.

    Reply
  • fabio sunspot says:
    05/12/2022 at 10:24 am

    Noth­ing to be mad about she stole from thieves 😁🤣🤣

    Reply
  • Jody Lowe says:
    06/01/2022 at 6:18 am

    Most of these tech entre­pre­neurs are sociopaths.

    Reply
  • handel1111 says:
    06/24/2022 at 11:03 pm

    she’s still hot

    Reply
  • IL MOSTRO says:
    09/10/2022 at 4:53 am

    Crime is crime, doesn’t mat­ter if the vic­tims are filthy rich or not. Because if crime like this is allowed, it will hap­pen more and more and then ulti­mate­ly, reg­u­lar non-rich peo­ple will get hurt when stuff doesn’t work, when the jobs are lost, etc.

    Reply
  • johnny dough says:
    11/19/2022 at 4:15 am

    Scams take a cer­tain degree of entre­pre­neur­ial spir­it and instead of embrac­ing these peo­ple we are throw­ing them in jails.

    Reply
  • MDT - says:
    12/11/2022 at 2:13 am

    Those investors are not stu­pids, they know the invest­ment was­n’t for some blood test­ing periph­er­al device

    Reply
  • Harry Wild says:
    01/06/2023 at 9:23 pm

    Investors are to blame!😊

    Reply

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