Healthmoneydeceptionfraud

Sun Sep 16, 2018, 08:10 PM

Theranos: The Trump University of healthcare

Elizabeth Holmes was just 19 years old when she dropped out of Stanford University with a dream of creating a company that would revolutionize blood testing. As we first reported last May, Holmes founded the start-up Theranos and boasted her technology could take a pin-prick worth of blood from the finger and perform hundreds of laboratory tests. It was, she claimed, quote: "the most important thing humanity has ever built."

At its zenith, Theranos was worth nearly $10 billion and Elizabeth Holmes became the youngest, self-made, female billionaire in the world. Today, she and her company's one-time president stand criminally charged by the U.S. government of perpetrating a "multi-million dollar scheme" to defraud investors, doctors and patients.

You're about to hear from insiders how the Theranos deception worked.

Elizabeth Holmes on "CBS This Morning": "Our work is in being able to make testing more accessible."

https://www-cbsnews-com.cdn.ampproject.org/v/s/www.cbsnews.com/amp/news/60-minutes-the-theranos-elizabeth-holmes-deception/?amp_js_v=a2&_gsa=1&usqp=mq331AQCCAE%3D#referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.cbsnews.com%2Fnews%2F60-minutes-the-theranos-elizabeth-holmes-deception%2F

7 replies, 294 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 7 replies Author Time Post
Reply Theranos: The Trump University of healthcare (Original post)
Agent_86 Sep 2018 OP
Agent_86 Sep 2018 #1
FreeWheelBurning Sep 2018 #2
Meowmenow Sep 2018 #3
uncledad Sep 2018 #4
Agent_86 Sep 2018 #5
uncledad Sep 2018 #6
Agent_86 Sep 2018 #7

Response to Agent_86 (Original post)

Sun Sep 16, 2018, 08:22 PM

1. The fraud of Elizabeth Holmes

In 2014, blood-testing startup Theranos and its founder, Elizabeth Holmes, were on top of the world.

Back then, Theranos was a revolutionary idea thought up by a woman hailed as a genius who styled herself as a female Steve Jobs. Holmes was the world's youngest female self-made billionaire, and Theranos was one of Silicon Valley's unicorn startups.

Then it all came crashing down.

The shortcomings and inaccuracies of Theranos's technology were exposed, along with the role Holmes played in covering it all up. Theranos and Holmes were charged with massive fraud, and the company was forced to close its labs and testing centers.

https://amp-businessinsider-com.cdn.ampproject.org/v/s/amp.businessinsider.com/theranos-founder-ceo-elizabeth-holmes-life-story-bio-2018-4?amp_js_v=a2&_gsa=1&usqp=mq331AQCCAE%3D#referrer=https://www.google.com&_tf=From%20%251%24s

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Agent_86 (Original post)

Mon Sep 17, 2018, 04:00 PM

2. What does this have to do with Trump?

It was 2014. With that said, it has nothing to do with Obama either.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FreeWheelBurning (Reply #2)

Tue Sep 18, 2018, 03:42 PM

3. Fraudulent company owned by a con artist?

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Agent_86 (Original post)

Tue Sep 18, 2018, 05:06 PM

4. You know who sat on the BOD?

Since reports emerged that Theranos’ blood analysis machines were inaccurate in late 2015, the company has reworked its board of directors—which had been criticized for lacking medical experience—to remove ex-politicos such as Henry Kissinger and George Shultz. Then on Thursday, it announced that Riley Bechtel, chairman of construction giant Bechtel Corp., would retire and be replaced by the former CEO of NetApp, Daniel Warmenhoven.

On the same day, President-elect Donald Trump tapped 66-year-old retired Marine Corps Gen. James Mattis as his nominee for secretary of defense Thursday. But Mattis is also currently listed as a member of Theranos’ board of directors, a position he has held since July 2013, just months after he retired from the Marine Corps.

http://fortune.com/2016/12/02/donald-trump-james-mattis-theranos/

Reply to this post

Back to top Alert abuse Link here Permalink


Response to uncledad (Reply #4)

Tue Sep 18, 2018, 06:33 PM

5. When Mr. Trump says he "gets the best people" I ask myself: Best at what?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Agent_86 (Reply #5)

Tue Sep 18, 2018, 07:00 PM

6. Looting. Scamming. Laundering. Are the first three requirements after misleading.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to uncledad (Reply #6)

Tue Sep 18, 2018, 07:23 PM

7. Bingo!

Reply to this post

Back to top Alert abuse Link here Permalink

Healthmoneydeceptionfraud