Here's What Happened To Elizabeth Holmes
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- čas přidán 9. 07. 2024
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Elizabeth Holmes is one of the most infamous founders in the world having pulled off the greatest fraud of silicon valley: Theranos. Theranos promised to revolutionize blood testing by reducing the amount of blood required to conduct various tests to just one drop of blood. While this idea was no doubt ingenious and likely would’ve done extraordinarily well in the real world, the problem was the idea simply wasn’t feasible with current technology. So, Theranos turned to handing out unreliable exam results or diluting the blood before using traditional testing machinery. Eventually, the media and regulators caught on which resulted in Theranos testing being banned and eventually shut down. And Elizabeth Holmes has since been charged with 11 counts of criminal felony and convicted of three charges of wire fraud and one charge of conspiracy to commit wire fraud. Today, Elizabeth is waiting to get her sentence which is scheduled to take place on November 18, 2022. While Elizabeth is subject to up to 20 years in prison, experts doubt that she’ll spend even more than 10 years in prison. With that being said though, experts don’t think she’ll be able to completely avoid jail time either. This video explains what happened to Elizabeth Holmes after Theranos was exposed and the potential consequences that she may face.
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Timestamps:
0:00 - D Day
2:03 - Fooling Everyone
5:25 - The Truth Comes Out
8:20 - The Fallout
11:20 - Fake It Till You Make It
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Her actions are more dangerous than anyone can think. Medical industry is capital intensive and products take very long time to create. Because of her technology in medical blood testing and medical products may stagnate at least several years. Investors won't risk money in medical industry to avoid scammers like her. Which decreases amount of capital for real potential companies and products which can save countless lives.
😔
@@LogicallyAnswered can you make a video why doctors get paid so much lol
@@xplicitgoofy1015 lol they dont get paid enough
Yet we had a vaccine in 18 months or so
@@xplicitgoofy1015 May I know where you're from?
"first they think you're crazy", then they prove you're a pathological liar and a vaporware salesman
Hahaha
@BIGFOOOOOT Very unlikely. The cars that were developed under his supervision are revolutionary in many aspects - cost wise, quality wise and from a driving experience point. That's not an estimate anymore - he's litterally shaking the Auto industry down to its core. There's a reason Tesla can sell every car they can produce up until now up in the millions. Same with Space X: Falcon 9 isn't just another rocket. It runs circles around Nasa's, Rocosmo's and Boeing's efforts in the same field. They are already smashing all time records. No, we don't know if Star ship will ultimately fail - but do you really argue, they (he) should have never tried in the first place?
I'm really suprised how harsh Elon Musk is being held accountable for every task he communicates, while most Millionaires and Billionaires spend their time gambling aorund on the stock market.
@BIGFOOOOOT Oh, I agree that these cars have a special design that stays far away from luxurious interiors of other expensive cars - up to a point of feeling too simple and cheap considered their price point. I grew up in a car enthusiast family - we love, repair and drive vintage cars, so I am an observer, not a user of new cars.
But I have been using 18650 cell Lithium Polymer Batteries since 1995, making small packs for radio controlled boats, planes and cars myself in my hobby workshop starting from 2004. So I am very aware and familiar with the things Tesla does on the technonlogical side and how much they have evolved through the years. When the roadster appeared in 2008 I instantly reverted my idea that electrical cars could never become a thing. But the roadster was just an expensive toy, loosely cobbled together - that was what the actual founders had in mind for their company as far as I understand it from their Interviews. The Tesla S was the first child of Musk at the helm - insanely good for a first mass produced product. The 3 and Y are a first glimpse of how we will think of cars in the near future. No not from a design standpoint, I don't care about that. From a technolgical standpoint.
admittedly I'd call myself a science fiction fan - starting from a german author that was a friend of Wernher von Braun. Erich Dolezal wrote down novels starting from 1953, that presented von Braun's Ideas and Plans in youth oriented form. If you take a closer look at the Saturn V and the Space Shuttle, you can see that reaching the moon that quickly and wasteful was more of a media stunt, than a decent step to develop space flight as a normal human possibility. Von Braun had way bigger plans - using only technology that he had at hand at the time. But he had to bow to the deciders and see his dreams washed away directly after the Moon program ended. The Space Shuttle was designed to be cheap. We can see how well cheap works looking at the Shuttle and SLS program financial desasters. Musk on the other hand can decide on his own in a big financial frame to develop sustainable technology. Interesting how many people think that is a bad idea, that rescuing that planet could be achieved by shrinking mankind and energy usage. I think his expansion ideas are waaay more human. We'd rather be explorers reaching new heights by sweat and tears than being obeing underlings in a perfectly controlled order designed to shrink.
@@genius1a Musk has done the same as Elizabeth Holmes when it comes to solar panels (completely fake), tesla heavy truck, tesla bot, battery swap. The only difference is that he has working projects in addtition to vaporware
The truth is the technology she was claiming to be plausible was never going to be real, it's not possible to use that little blood and conduct as man tests or even 1/4th of tests she claimed (which btw she very well knew but threatened her employees to stay mum about it).
It's sad that she will not even serve her 20 years because she totally earned that
You are correct. The science of hematology is well founded and should have been consulted by the investors. Holmes will get six to ten years in a min security prison, but will get out after serving just a few years
you're wrong, she had a secret algorithm for human blood based on the sex, age, weight, mass, and height of a person!!!
/s
@Jason Tan
That's all they csn do.
Test for one type with a drop of blood.
They're not testing all the types detectable with a drop of blood.
Anything is possible if you put enough time into it (including that test.... if only she wasn't such a greedy ass witch....). Just like how us humans used to think space travel is impossible, but look at us now, Jeff Bazos literally went to space.
@@zEw0 that's not really appropriate comparison, given that what limited us from going to space before was having thrust force to propel us out of the planet. That was difficult but possible
But in this case, you just can't do 100+ test using one drop of blood. Doing just one/few types of test, molecular structure of blood changes
I read somewhere that a patient actually thought her cancer had returned because of the test results they received from one of the Theranos machines. These false results leads to the wrong decisions being made which can be life impacting. She should be locked up for at least 10 years but I have very little hope in the judicial system when it comes to people with money and connections. She’s living her life comfortably married to a heir.
I still wonder why that guy can marry her
Because her behaviour is “normal” in the investment world.
That is horrible, I saw that on a news report. Do you think Ramesh Balwani will receive significant jail time?
@@veronicamitchell9378 He definitely will, because he's not a white female. And that's not me being sexist, that's a indisputable fact in regards to our 'justice system'.
She just got 11 years . 💫💫💫💫
Problem with most of startups now a days is they seem to like inventing problem to solve rather than solving any actual problem.
Tbf this was indeed a problem
@@chadsworthgigafuck7076 how? we have enough blood to do few tests here and there as needed
Because most problems thst makes money are solved.
This was a problem thst needed a solution.
She simply faked having it.
Inform yourself before blattering the opposite of what this case entailed.
Quicker, more accessible health diagnostics is a huge need, I'd reckon.
I distinctively remember everybody saying she was lying on her claims to be tagged as sexists and that we had to trust her experts. Anyone with half a brain cell can tell her proposal was 100 years ahead of current technology.
You can't criticize a woman without being sexist, in some people's eyes.😂 Same here with politicians, if they're women no one can say they've made bad decisions because it's seen as hate towards women.
Do you have a link or tweet showing this?
The Genalyte Maverick already has a machine that performs over 100 tests from a drop of blood. We're closer than 100 years.
Why is it 100 years ahead
Many MANY test can only be performed with certain quantities of blood. And many of the chemicals used to test the blood have temperature and quantity problems. Essentially. She would have to completely reinvent MANY (big amount) of the basic blood tests to even start the tech. Think of it like overhauling the entirety of our basic computing process’s. We havent done it. So she had to solve 100+ problems that we havent been able to solve for decades BEFORE. She even got to the tech she wanted to build.
She should get the full 20 years
More than that, we wouldn’t want anyone to think of trying what she did, going to rich-jail for a couple of years before being released to spend the rest of her life with ill-gotten fortune.
It is 20 years for each count, so a max of 80.
@@starshiptrooper4506 do they run concurrently or consecutively?
@@matthias2756 consecutively. One after the other.
@@starshiptrooper4506 I mean is that the law or are you just hoping?
How no one questioned how can you run 200 tests on a drop of blood is mind boggling
That’s america for you
Cash first
Product later
Many people questioned it
Lots of people questioned it. She had no scientists on her ‘Board of Directors’ because they knew it was nonsense. She targeted ‘family money’ investors, because they don’t really know much, as opposed to the big venture capital firms, who knew not to take her seriously. Investors who asked difficult questions were not allowed to invest. Anyone within her dumb ‘company’ who questioned the science, she fired immediately.
Pipe down and look into her big blue eyes.
By using quantum physics😁
first they think you are crazy, then they fight you, then you go to jail
She's married to a multi-millionaire, she herself is a multi-millionaire(probably), and she has a kid. I'd be surprised if she got more than a few months in prison lol.
9.7% of the US population has over a million dollars in net worth. It barely means anything there.
@@sumitagarwalsmart There you go :).
The only saving hope here is the fact that she pissed off the wrong people. I certainly wouldn’t want to be the black books of someone who can throw away $150,000,000 like nothing.
@@ludrixte1938 interesting thought. I would say indeed with confidence that white collar kingpins are far more powerful than small time gangsters, and perhaps arguably more dangerous. She probably needs to watch her step from now on.
She ripped off the wrong people though, like Bernie Madoff, so she will do some years in prison
Didn't she drop out in her first year? They were basically betting on a high school student.
But he mentioned that. How that fits in well in Silicon Valley because many tech founders also dropped out. The good ones are too impatient to wait to create their ideas.
@@TheBooban that's true, but this is not a software company.
She was also gifted intellectually and was from a rich family. Her father was an executive at Enron ironically. She wasn’t simply some random girl who graduated from high school looking to disrupt the medical testing industry. She had a pedigree that set her apart from most people.
@@Dre_Mylove he also said she would probably have gotten away with it if it was :). But I think I see your point. These guys had no skill set to understand the actual product they were investing in. They were just charmed by her. Like many of us who invest, we also don’t actually know the product. Warren Buffet normally sticks to simple things. The times he hasn’t, he seems to get burned.
@@GigaChad_169 She was of "Good Blood" therefore the rich and powerful gave her the benefit of the doubt. Life is complex and even the rich are dealing with too much - so they still rely on word of mouth and first impressions (not saying I agree with stereotypes).
I think if you talk to someone who lost parent or child because of bad tests, because of being give faked tests... They would tell you she needs to be put down, as knowling commiting mass murder is a just cause for giving the death penalty.
Bruh, let me know if you want to learn basic english... i'll teach you
@@waffentate2181 So, maybe English isn't his first language. Jeez
@@waffentate2181 And you have a PhD in English right? And you can speak all of the world's languages fluently right?
Who did theranos kill?
@@darlenefraser3022 Exactly! How did you know that? ... your mom told you, right.... dangggg, your momm can't even keep secret.....
Guys, there is no way you can test everything in a single drop, and even if you can it's not worth to leave your entire health on that drop, there are more painful things than needle!
Lmao the second I heard her voice 3 years ago I knew she was a scam artist. Someone who feels the need to change their voice is someone with alot of secrets.
Not to mention that she looks like a psycho. It would be interesting if Theranos had some headlines like "Major Advance in Blood Testing" so that the technology preceded the dream rather than the other way around.
The irony: I'd actually much rather have blood drawn via traditional syringe than pricking my finger with a sharp object.
I think the craziest part of this whole story is that there is a guy willing to put a baby in that crazy. Whose man is this?
She scammed hundreds of people. To get married she only needed to scam one guy. :-)
He chose her as the mother of his children! This man scares me more than the woman. Was he abused by his parents so that even she looked like a fallen angel?
It’s very crazy, he only met her after she was exposed, he knew she was a con artist in the middle of a huge criminal trial. He’s also 8 years younger than her. It’s unexplainable why he decided to be with her and have kids with her
She has a child with him and that's got to be useful since she's facing a jail sentence so I'll bet she was and is extra nice to him. Maybe she's planning on being pregnant for the sentencing or the sentence.
@@danielstapler4315 To the surprise of no one, she is indeed pregnant again to try to get sympathy (not because she really wanted babies, I wouldn’t have thought).
Both of them deserve the max sentences, but sadly we know that won't happen. To say that they were playing games with people's lives is an understatement. They knew exactly what they were doing while they were doing it, providing unreliable test results to real people is deplorable. The doctors are going to make diagnoses based on those results, and people will make potentially life-defining medical decisions based on those results and that diagnosis. If that's not conspiracy to commit fraud I don't know what is...
Not much point locking her up long term, as she isn’t a security risk to other people and prison is expensive for tax payers. She should be prevented from benefiting from her dishonesty and made to surrender any assets she still has.
Minimum 10 years
@@roqsteady5290 economic security is also a security. She should be locked up for life. People have gotten long sentences for wire fraud of way lower amounts.
@@mipmipmipmipmip So? People have been hanged for stealing a sheep.
@@roqsteady5290 didn't know there were Elizabeth Holmes simps but oh well
Her voice
This is Billy's dad speaking, Billy won't be able to come to school tomorrow.
😂
Howdy do? This is Peter McCallister, the faaather.
The thing is, in a fair world, she would be not just be forced to pay everyone she screwed their lives with until she is bankrupt, but also be put down for what she did. But this is not a just world. The most she'll get is maybe some small amounts of fines, and just like her dear old dad, she'll be completely unscathed because she is rich, knows people in places of power, while married to another million to billionaire who knows other people of power.
She is facing massive fines and at least a few years in prison - so get off your high horse
I wouldn't be surprised if she got killed either in prison, or after she goes out of it.
I mean, she collected around 800 millions dollars from all investors through the years.
And she even have guts to live in a 135 million mansion?
What a psycho
The death penalty? Really? I am all for capital punishment for murder cases but where does one come up with the standards where death is warranted when murder is not the crime?
We will never know how many people were misdiagnosed because of her, and some probably died. She did it knowingly and simply for personal gain. Gas her.
Death sentence? I know its infuriating how little to no consecuences these rich people get, no matter how much people they screw over but the death sentence? Its waaay too much
"First they think you're crazy, then you fight them, then they KNOW you're crazy."
I’m still surprised people took her seriously after listening to her talk with that ridiculously forced baritone voice and have her look at you with that creepy as hell bug eyed stare
Playing Jobs, Bezos and Zuckerberg all in one.
Greed kills brain
I am even more perplexed that a man with a fortune married this woman without qualms after the scam exposure. He chose her as the mother of his children! This man scares me more than the woman. Was he abused by his parents so that even she looked like a fallen angel?
Lowering her voice worked for Margaret Thatcher. Holmes had the easier task of getting investment money out of rich old men who knew nothing of the new technology or of medicine.
@@mirrormiroir8536 Lots of broken people in positions of power.
The worst part is, I don’t even think the company made a good product! I’ve donated blood before and had my finger pricked to test for something, then had blood drawn out of my arm. What hurts more after a day or two every time? The finger prick, not the arm
Ah, I didn’t think about it like that
😁 yeah. So true. I hate the finger prick
But for 'Patience', they might need to test their blood in a more regular basis!
More importantly, getting a 200+ tests with a drop of blood is very very appealing; normal folks just don't have the time, money to get those 200 tests with traditional methods. Not to mention the amount of blood those 200 tests that would be required.
And it can be live/death to have those results in 30mins vs 1-2weeks of time when someone develops serious illness.....
So u can't just compare the experience of 'a person donating blood' to other patients....
Same.
@@brakkor1081 but people need to be more realistic! 200 tests with just a prick of blood?? Who's going to believe that? Elizabeth believes and sells that coz she's a loon, I mean, look at her never-blink eyes, intense stare, almost like Chunky.
She got away with it, like everything. Threw her exboyfriend under the bus and said he was manipulating and controlling her. Was acquitted and returned to the upper 3% lifestyle married in private and lives a private life.
Simply amazing how all that 'iron woman' breaking glass ceilings with the voice of a anime robot demon all was a bunch of bullcrap right? She did the most despised action that western women are criticized for and walked off into the sunset. The ENRON blood is strong with this one for sure.
Your words are so bigoted and false! She is going to jail
She was NOT acquited.
@@JohnSmith-eo5sp she won't. lol.
>women facing the consequences of their own actions
lol, lmao even
I'm surprised people weren't more skeptical initially.
right? everything about her seemed fake from day 1. She throws her voice and literally raided Steve Jobs closet.
I don't think she will get any prison time. She will live large with stolen money, giving yet another horrible example to our generation that stealing is the true path to success.
Bold prediction, we’ll see
She's a woman so she'll get off with a 70x's lighter sentence than if she was a man.
Baloney, for she is going to jail, except that jail will be camp cupcake
She got 11 years
I saw a TV show (wish I could remember the name) back in the 70's with this EXACT plot. A woman 'invented a machine that could analyze an entire health profile from a drop of blood placed on a card. In court, the card was substituted with vegetable dye and when she gave a very accurate rundown on the hero of the story, it was revealed that the machine couldn't tell the difference between blood and vegetable dye. Does anybody remember this.
If you can give me more details of this movie I could. Who was the name of the actress?
no u r the only person that watched that show..well, not entirely, elizabeth holmes watched the rerun years later..so that makes two
I saw an episode of Hawaii Five O about a quack female doctor who could diagnose cancer and other diseases as well as health prognosis using a machine that is hooked up with wires to your arms. It was clearly a scam but so many people believed it and she had testimonials from people she scammed believing that the machine worked. Finally, in a court scene, Jack Lord gave a sample of his blood which turned out to be horse blood, and the machine gave a diagnosis of a perfectly healthy adult male. Once the blood sample was identified as actually being from a horse, she was exposed as a fraud. I think that is the episode you are thinking about. I don't remember the name of the episode but I remember what it was about because this is so similar. History has a way of repeating itself because we don't want to learn from the past.
Sounds like a Columbo episode
I am, relatively, sure that it was an episode of Hawaii Five O.😮
Bro your killing it lately, almost 5 videos a week 😀 Am about to be addicted to your channel
Hahaha thanks man!
*Forbe* a place where *Liars* are *empowered* *Eliza* *Holms,* *Amber* *H,* *MacKenzie* *S.*
A place where as long as you have the $$ or fame *M2Rights,* you get *MORE* *FAME.*
"Charlatans will use people's desire for equality to bring in mediocrity or atrocity."
-Thomas Sowell
What’s the meaning of charlatan
@@yoshimitsu8643 it means like fraudster, sham, a person committing a hoax.
@@yoshimitsu8643 it's a person who's a fraud who claims they have special abilities or skills in order to take advantage of people
They should seize all her assets and have her rot in jail. The fact that the case isnt closed yet is ridiculous
@R Voit what does this have to do with politics? This is a chick that caused not only financial fraud but caused a lot of medical misdiagnosis on a lot of regular rolks. The amount of money she ripped off from everyone allowed her to basically delayed her trial for this long and only now we are seeing that her max sentencing could be 10 years which most is practically either served or a slap on the wrist hose arrest and all this hardly cost her 1/2 of her fortune which at one point is $4.5B but allegedly its $0 suddenly (yea ok) but is able to live in a $135M mansion. Shit I'll go to jail for 25% of $135M in her stead. To me this is the most drawn out and tiresome trial ever, it should be a textbook open and shut case.
She will do jail time so do not be so blood thirsty
@@JohnSmith-eo5sp normal circumstances it would be 20 years per fraud which is 4 counts shes facing but most people already expect her to serve 6 months to 10 years tops in a low security level prison 🤷♂️ you see why I'm blood thirsty
@R Voit so again wtf does it have to do with Elizabeth Holmes you donut 🤔😝
Get rich enough no matter what and find a rich spouse that can protect you during the fallout. Wow
I also wondered why that heir to multimillion family business would love her?? So weird!! that guy married her?? 🤔 so many people believed firmly that "as long as he/she is mean and heartless to others but nice and kind to me will do"
I'm sorry but the miracle machine just diagnosed you with a severe case of gullibility
The thing is, the world wished her "invention" was real
The smaller your sample is the larger the error margin. Also some types of test simply need about 2cc of blood to even work due to the physics and chemistry.
I find funny and infuriating that they are thinking of keeping her out for the remainder of her pregnancy, while my pregnant weed dealer friend gives birth in prison and all she got caught with was a quarter of an ounce, this woman scammed millions of dollars and destroyed multiple lives.
Yeah that is bummer man this woman really needs to be locked up and thrown away the key
what's interesting now is since elizabeth has a felony conviction she's lost her ability to vote so it'll be really funny that when she starts pandering to any political candidates or upcoming ballot propositions which she _will_ do, once people get that rich they never shut up about that stuff
It will be nice to call her out on her felony charge and conviction and saying that well you shouldn't have done what you did if you wanted to keep your ability to vote
Sentencing can't be soon or severe enough for me.
It's obvious she was never going to be convicted of intentionally harming patients. It's extremely hard to prove the shown intent to harm a patient, but it's very easy to show intent to commit wire fraud.
This is also why a medic student should face more scrutiny on their tests and an engineer student... It may seem unfair, but the costs of failing a life are higher than failing a business... just saying
A building failure is deadly too.
"One tiny drop changes everything..."
For their victims, they ended up in teardrops....
The judge who sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison has recommended she serve out her term at a minimum-security women's facility in Texas.
She is probably the most famous person who has faked their true voice from the public.
*infamous
I'd argue Michael Jackson was, but people don't even realize his voice was deeper
Arnold fakes his accent))) It's not that thick in real life.
black turtle necks, the biggest red flag a ceo/entrepreneur can have.
Hahaha Steve Jobs???
@@LogicallyAnswered He is the very reason why i said that. It just shows they have 0 induvial thought about what success looks like or is.. or in other words, a copy cat with 0 originality.
our personality traits tend to overlap a lot of things in life. So if someone is factitious with their personality, what convinces me that they aren't putting up facades about their business practices, integrity and honesty?
starting off with a lie is never a great idea when it comes to building trust.
Steve Jobs created something. He didn't trick investors for billions.
@@CordeliaWagner xerox interface. at his own quote, “we have always been shameless about stealing great ideas.”
so he didn't rob investors, but he wasn't a clean all innovating god figure people treat him as.
@@CordeliaWagner Jobs didn't create shit. He told his engineers to create something, and then took credit for it.
Elizabeth Holmes managed to charm a lot of old goats into investing substantially in an industry they did not understand. One exception was the US senator with a degree in public health followed by a medical degree: he ought to have realised that, whether or not the new technology worked, the proposal for population screening was incomplete without arrangements for following up positive results: which are difficult to make in a country without universal medical cover. It seems there were none. Instead Theranos was testing the "worried well," and those sick people who could not afford a standard medical consultation.
The nanosampling was suspect from the word go: if it was possible to analyse such tiny samples quickly and accurately, everybody would be doing it already. That's why healthcare professionals were mostly sceptical.
Everything about this woman sickens me.
So it was actually FDA brought her down.
On the other hand, put her in jail will set an example to people who attempt to commit massive fraud that will affect public health care.
Now you see why so many people want to defund the government. So it can showcase their crimes and scams
Her entire fortune was made form this fraud. Her assets should all be taken away and given back to the investors as well as a 25 year sentence without parole
12 month's parole 8 years suspended sentence
Parole or you mean probation?
@@JohnSmith-eo5sp same thing
"if she had more time and money, it's possible that she might have actually developed the technology for real." are you just ignoring all the professors that weighed in on her scam? Baseless claims smh
Many things have happened that experts once thought impossible. Yes improbable, and a scam but not impossible that it could have possible down the line.
@@LinksQuest The problem here is that her claims defy the laws of physics, not that they defy current technology limits. The power of her scanner isn't the issue its that even if her scanner could detect and list every single individual atom in a drop of blood with perfect accuracy the machine is still bullshit vaporware. Blood tests often require semi large samples because the thing you are looking for has a very low concentration in the blood. Imagine looking for a contaminate in a persons body that is only 1 cell of contaminate per 50 drops of blood. This means that even with her impossibly perfect scanner she could test 50 patients that were actually positive for a disease and be wrong 49/50 times.
Hand waving away the rules of reality as something "future tech can totally solve" is nonsense.
In October Holmes and Evans announced she is pregnant with their second child. Seems to me that his wealth can afford a good enough legal team able to spin a pregnancy into a get out of jail card.
It made delay her sentence but she is still going to get jail
@@JohnSmith-eo5sp Jail is okay, but I hope she gets some serious prison time. Unfortunately in America, being rich, white, and beautiful, seems to lead to much more leniency than you or I would ever get.
that guy married her?? 🤔 so many people believed firmly that "as long as he/she is mean and heartless to others but nice and kind to me will do"
Love your consistency
Thank you Joshua!
First of all so glad Larry has all those other million dollar homes, was worried for the poor guy!
Secondly, what the heck was her endgame plan here? Like obviously this had to come out at some point. How was she planning to get away with it?
She thought she had a clever idea: run all blood tests known to man on one tiny sample. She assumed the reason why it's not done is because nobody has thought of it before. It was probably clear within a few weeks of starting development that there's a major issue with the idea -- but she didn't want to accept it.
A bit like fully autonomous driving is always just around the corner next year.
He addresses your question in this very video.
She thought that with enough time and money she could get it to work, but she had no reason to think that. She has been told by experts with decades in the field - as opposed to her high school level of education - that her idea was nonsense. But her massive ego knew better.
She thinks she'll make it, I think she's a firm believer of "fake it til u make it" she got away with years, even came up with a fake lab to show the USA president, she thinks she's too smart for anyone
1 day for every $5,000 is what she should get….that’s 76 years.
Theft over $5,000 is typically 30 days for first offenders (from what I’ve seen) so 76 years would be pretty fair in my book….that’s still 1/30 of what it should really be.
Criminal law has a ceiling on the no. of years you could be imprisoned with. In my country its max of 40 years. Some only have max of 20 years.
There are 1000s of people in prison right now and they are definitely serving more than a day and stole less than 5k. 5k theft is a felony in every state. Where are you from were people are getting off that easy?
@@livedontdie9492You act as if white collar criminals, politicians and celebrities don't get a slap on the wrist for their gross negligence and fraud schemes here in the States 🤣
If these psychopaths are dangerous more dangerous are those who follow them blindly...
I don’t care about insanely rich people loosing their money. Or getting in jail for scamming another insanely rich people out of their money.
But I feel sorry for people who got fake blood test results. It can be very dangerous and damaging to health.
@R Voit go cry about it somewhere else
Lesson is, if you're a woman (and especially a new mother) you will get away with shit more than if a man did the same. If a man did this, he would have been framed as the devil and not merely a scam artist.
Everyone calling her out was labeled sexists when it was obvious her claims where impossible.
Maybe
Well , you'd be surprised how many corrupt male CEO scammers are there , it's not as much about gender as it is about money and connections
So make a big lie and cross the fingers to have good luck
Hahaha, prob better odds than gambling
Death penalty if any results resulted in someone dying.
Well nobody did die of these blood testingtesting. So stop sounding so blood thirsty
@@JohnSmith-eo5sp one of her staffs felt so guilty that he committed suicide
In pharmaceuticals a FDA warning letter is a pretty big deal already.
In the tech world you can promise features, in pharma you need to prove it works, prove the method to prove it works works, prove that the method was done properly, and prove all of that is legitimate. Basically you're not going to fake it until you make it if you want to progress any further than the R&D stage.
she would've known that if she didnt drop out after a year in pharma, or whatever her course was.
"If she had time and money, it's possible that she would actually developed the technology for real". Nope. She was about 3,4 Nobel prizes away from the promises.
Hey brother, hope you have a great weekend and everyone else!!
Thank you as always Daniel!
Any physicist or scientist in those VC meetings could have avoided this whole stupidity from happening. So sad that people with money ate so blind and close to real expertise and critical thinking
Coz she went for very old wealthy men grew up using abacus
She deserves 100 years for risking patient’s lives with false test results.
Where were the voices of the thousands of competing scientists that knew such technology was not possible at the time?
I think white collar crime should be heavily punished, they get more of the benefits from our society, they should also take more of the risks. Messing with some numbers on a spread sheet or loosing some documents can seem like it doesn't cause much harm or isn't a big deal, but messing with those numbers can make someone go homeless or unable to pay for their mom's medical costs or care, or have to put their education on hold, can hold them back in life causing many on the fringes to suffer the most, and take what few resources they worked for or are owed to them away, and because it maybe a ugly guy or someone you just think looks creepy or diseased, you don't care when they get screwed over, just as long as it's not someone you know or you, everyone turns a blind eye to white collar crime and the justice system is a joke when dealing with it.
A golden parachute to float to safety is fine, but a *golden jetpack* (of female youth and fertility) is way better, nothing remotely bad is going to happen to this woman.
even if she did go to prison. psychopaths do extremely well in prisons. it wouldn't phase her one bit
Oh so cynical Holmes is going to jail even though it might be camp cup cake
What happens when you put a Pathological liar with a pretty face in a position of trust
I wonder how this machine got FDA approval in the first place...
She lived in a Medical fantasy world, not possible with so little blood, blood is fragile and oxidation. I laughed at all the people she bossed around, not knowing their rights, with a non disclosure agreement that was not enforceable when trying to restricting a individual reporting criminal business activity to the government. She wouldn't have fooled me or been able to threaten me.
who the hell did she get a contract with Walgreens? anyone who has ever worked in medical field would have known that those tests are impossible to do
@@CoolGobyFish Walgreens’ own expert consultant told them exactly that, and recommended they not invest. Walgreens were so scared of missing out to CVS that they ignored him and invested anyway, with predictable results.
One of the main things most people fail to understand before Theranos is that a biotech/medical device company is very different from a tech company. If a tech company makes a bad product it wastes people's time and money. If a biotech/medical device company makes a bad product that will affect people's lives in most cases negatively.
She went for very old wealthy men grew up with abacus, think again, why didn't she go for Mark Zuckerberg or Larry Ellison 🤔
Larry Ellison did invest money 💰 into Theranos
Hi hari.. Nice video.. Feels like a documentary
All I heard in this video is: "Welcome to Microsoft customer support. My name is Jonathan."
Damn shame if the potential for this tech dies. Who owns the patents now?
Was there any potential though??
@@LogicallyAnswered 5:50 you said (the news) that it actually works for some types of blood.
It provided skewed data even for the tests that it apparently “supported”. So it’s up in the air as to how much they actually accomplished. But yeah, if they did make some advancement, it would be cool to see someone build upon that!
She does through an LLC
Funny how she went to jail when we still have multi-billionaire doing the same exact thing she did. Only differences she took money from private companies the other one is subsidized by the government.
Roadster, Model S, Model X, Model 3, Model Y, Mega packs, Battery farms, Power walls, Space rocket launches almost every week. Giant Factories built in Nevada, Fremont, Shanghai, Texas and Berlin. About 3.5 million EVs made and sold.
Space X lowered the cost of a rocket launch from $400M to $100M and has saved the US government (NASA and the Pentagon) BILLIONS of dollars.
NASA uses SpaceX to resupply the International Space station after previously relying on Russia.
@@danielstapler4315 homes did make products. She just couldn't make the product she promised she could make. Since you want to talk about Elon Musk let's do it. Electric cars aren't new technology so he said he was going to make self-driving . 2017 self-driving will be next year he promised it would be stupid not to buy Tesla because you could generate $30,000 a year. Why is he not the head of Tesla anymore legal problems you say. Presale products that he has no idea they're going to be on the market if ever. Like cybertruck and the Tesla semi. I don't think there's any point to talking about the vacuum train. Obviously the vacuum train is a total farce. SpaceX reusable rocket not quite. Dragon capsule going to land on land and not use a parachute not quite. What happened to Solar City maybe Solar City has something to do why Elon Musk isn't the head of Tesla anymore. We couldn't trust Elizabeth Holmes private company's numbers because it's a private company. So I think in the future I would reframe from using the SpaceX numbers on cost. Oh most flights that one's kind of ambiguous. Because the majority of the flights that are causing the most flights is within this company. Starlink launches are making up the majority. Would you like to talk about the starship. Would you like to talk about the federal funding that he's received. Would you like to talk about how we're not quite sure that the federal funding got spent towards the Dragon capsule. So I guess what you're telling me is if you half ass a bunch of products that don't live up to what you say it's okay. But if you half-assed one product then you need to be held liable. Thank you for reading my comments hope you have a wonderful day
Don't worry Elizabeth , your 11 year sentence will be a walk in the park compared to Britney Griners.
11.5 years in prison is her sentence.
Loved her man voice
Hahaha
If i was a judge i would give her 10 years,probation in 5 years,and a huge fine.
Probation, you mean parole?
The worst thing about this whole thing is that none is actually asking what part of our socioeconomic system give rise to these kind of people, and what we need to change as a species to fix it.
If I'm not wrong, didn't many doctors express strong scepticism about the whole project? This should have been enough to nip the project in the bus.
The investors had "had enough of experts," and were going to run with the disruptive newcomer.
She should do atleast 10 years
I would highly recommend a book which I read in the year 2019 called bad blood by John carreyrou on this which is also recommended by bill gates. She also had done an interview with Jack ma.
Thanks for the suggestion Shivendra
It's funny how people talk about prison sentences, less than 10 years, like somehow that's even a rational statement. There is a massive difference between 1 year or two or three or five etc. Think about actually doing that. One it's like okay I can handle this. you start pushing past that. How's your mental health holding up? Oh you don't have any friends anymore. Hard to even comprehend
You’re right, there is a big difference between 1 year and 10 years. But I’m not a lawyer, so I couldn’t give any more clarity than that unfortunately
Murdoch not selling his stock until years later is kinda baffling. When she goes to you directly begging you to shut down reporting, and you don't do it, you should probably be getting ready to sell as soon as it's public knowledge instead of waiting 3 years to recover 3% of your investment.
She for the streets
So you can buy your sex from another prostitute?
@@CordeliaWagner What, why would I degrad myself like that, I only like women who respect themselves
This story has been told 1000s times already
I didn't know who she was and never heard of Theranos until her sentencing. Now learning of it, I believe 11 years imprisonment is too light of a sentence; she deserves much more. It blows my mind even more that people believed her over the top ambitious goal that is clearly impossible to achieve. However, like the saying "I'm responsible for my words, not your understanding"- the lier will lie and if you believe the lie, your at fault for not using your brain. The investors are to blame as well for their hand in putting people health in danger just so they could profit "if" the goal were accomplished.
10 years at a low security prison!? What the actual fuck!
Lol this what happens when you believe too much hype!! Or your own hype!!
Hahaha
Looking at Elon Musk.
The guy who is against public transportation....
Fake deep voice
It’s not haha
There is video proof it's fake and her speaking normaly
It would not have mattered if she had more time or money. If she had billions more dollars and several more years she still would have completely failed
Her product did not kill anyone, and did not take as much time and money as self-driving car, which also does not work
She is very similar to Elon Musk
Lmao women start ups, imma right? Hahaha.
Unless it’s a sandwich making company. Yum!
Misoginy gets you nowhere. Exept on the path to becoming an incel.
Let's talk about all the male criminals that scammed people...
@@CordeliaWagner cry harder and stay in the kitchen.
This was an example of what marketing can do.....her product was never going to work.
I already had this idea when I was like 7yo, and Elizabeth Holmes is 1yo younger than me, I was told by 2 adults it's not possible, at that time. I thought technology nowadays can, turned out... anyway, she's by no way an original idea or thinking, even my classmates then shared similar ideas and vision as me.
Apart from the idea, one needs to be born in a well-connected family, so the serious people with money won't laugh off a kid who has dropped from college after one semester.
@@JanuszKrysztofiak 🤣 those serious wealthy old men grew up with abacus, they don't know what is med-tech.
Can't wait for Musk to get what's coming for him.
More billions?
what's that got to do with the subject of this video. Musk made a dumb purchase but he's not a scammer. i'm not an Elon fanboy i'm just stating the facts. Yeah paying $8 for twitter checkmarks is a dumb product to sell but it's still a legitimate product, albeit a an overpriced and stupid one.
Musk is a scammer. And he does so much harm. He deserves to be exposed and locked away.
Don't know what you're talking about, Tesla actually ships product. So does SpaceX. Musk may be a complete twit, but his companies actually produce products. Also, he did get what's coming for him. He was forced to follow through on his idiotic troll about buying Twitter for far more than it was worth.
@@exMuteKid FSD isn't a deception? Solar city isn't a full scam? Cheap space flight isn't a deception? Underground car tunels isn't a deception? Hyper loop isn't scam? Tesla robot isn't deception? All his companies sells that's he couldn't deliver.
*I'm done sitting tight for the award advance since i acquire$23,000 every 12 days of my investment* ❤️🇱🇷
Same here, I earn $13,000 a week. GOD bless Deborah, she has been a blessing to my family.
I'm from *Rhode Island* , I and two other of my friends tried her immediately we testified her performing wonders.
Am I the only one that thought "here's what happened" meant that she'd been sentenced? I'll check back after Nov 18 I guess
I need to read Bad Blood yet again.
Have enough money and a lawyer good at using loopholes and you'll never go to prison.
Update: November 18, 2022 Elizabeth was sentenced to 11 years and a fine. 💯🎯