#ElizabethHolmes #Theranos #Fraud
Yahoo Finance Live’s Zack Guzman speaks with Jacob Frenkel, Dickinson Wright Securities Enforcement Practice Chair, who discusses the verdict in the Elizabeth Holmes trial, factors that will influence her sentencing, and what the trial means for enforcing securities fraud.
Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes
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I would like to find out her actual voice after she is in jail.
You might not know her true voice in jail, she’ll be CEO behind bars
She is found guilty of stealing money from rich people! The poor ordinary people whose lives she put at risk with her failed defunct miserable machines ,
Do not count! Not found guilty of frauding the patients! So this is America!!!
🔴 Considering everything she did, she deserves a much, much more longer sentence ❗Considering that people from all over the world get the same or even longer sentences for much, much less than what she did ❗
🔴 In a way it is really funny or what, that she considered her self some kind of a super genius like: Einstein, Newton, da Vinci, Archimedes, etc., While in reality she was the super genius of the absolute NOTHING ❗
She will get Club Med
This case just shows how STUPID people are. Who would invest with her? You people deserve to lose the money. She is an airhead, you can’t see that?
Someone mention Trevor Milton?
I’m no lawyer, but if securities fraud applies, why only wire fraud charges? Where is the other half of the case?
Why on earth would a rich man marry (and have a baby with) a penniless woman who’s up for fraud? Doesn’t make any sense. Is he rebellious? Mentally unstable? He is now married to a felon.
Ramesh “Sunny” Balwani is somewhere quaking in his boots!
Who else thinks she is a G?
Imagine the balls just take the idea to this point. And so what if she faked a deeper voice? When Margaret Thatcher did it, she was praised.
You are a legend, EH. Carry on.
A gangster? I guess.
Theranos had the stench of political fuckery all over it when Bill Clinton, Joe Biden and Jack Ma were all supporting it back then.
A nation of sheep begets a government of wolves.
Lock her up.
I hope she uses this to evaluate her outlook on honest dealings and becomes a person who deals more honestly with herself, and those around her, so she will use her “talents” to do good things when she finally gets out. She is the only person who can make those inner changes, & I hope she does. I hope she eventually uses her second chance to do something really good to make up for her crimes.
Future female entrepreneur whiz-kids will have to face closer scrutiny thanks to her.
mark my words. she is not going to prison haha, America does not imprison the rich and famous. and so, another Corporate America example, this is kinda depressing
Tell that to Martha Stewart.
I’m sure she’ll appeal etc this isn’t the last you’ll see of her.
she screwd over rich folks who screw over poor folks yet i still want to see her die in prison🤔…this messes with my emotions!!😢
Believe all women
I wish she will stay in Jail for more than 30 years
what an embarrassment to her family smh
Her family are grifters. Look up dad
Lol, making daddy proud.
Let’s keep it real.
Elizabeth Holme’s father ran the largest corporate fraud company in U.S. history as V.P. of Enron.
Elizabeth Holme’s father connected her to billionaire investors and who knew his history of running successful fraud company and making billions.
Elizabeth holmes father or she could have sought investors with a Wink, Wink.
The investor could have hoped it would go like Enron and not be discovered for 20 years making them billions.
Rupert Murdoch media mogul could have insisted Elizabeth go on every magazine cover he owns assisting in creating the BS narrative and the fraud. She knew what she was doing she learned it from her father and his friends.
Will she wear orange at Camp Cupcake?
Funny how she’s morphed from a ninja automaton with a tenor voice and Pikachu face into a tousled haired waif mom with a modest cleavage and heavily waisted skirt suit. She’s known no other way of being an adult except deceit. That’s her fundamental character. There’s nobody else hidden behind those puppy dog eyes.
Definitely a good verdict for this country.
The Trump criminal family should face same guilty verdicts for investor fraud AND tax evasion.
It should be made clear no one is above the law and fraud is a serious crime when it is in such high monetary values.
3 words: Clinton Steele dossier
She’s on the spectrum for narcissism
What about the people who paid for the fraudulent test?
What she done is not much different from bernie maddof
It’s worse.
The investors were misled by both Holmes and themselves. For whatever reason, they were just willing to deceive themselves as well by neglecting due diligence on Theranos’ claims.
With all those high power marks, I’d feel sorry for the judge if he acquitted.
E. Holmes needs to rot in prison for playing with patients lives.
She deserves decades in jail.
Does she get to keep all the money???
Best possible verdict for everyone except Holmes!!
Psycho.
She not only conned/defrauded a group of older men, she did the same thing with the jury – hopefully the judge will weigh all of her illegal/immoral/indecent/self-serving acts into account and ensures she never sees the light of day again. She is guilty on all counts and risked peoples’ lives in the mix with no thought nor concern. This is who she is–not some misguided alturistic entrepreneur trying to save the world.
Thé thing is she is a mother now. You can’t put her away for 50 years. Give her 20 years suspended sentence , ban from directorships, ask the investors what they think. She fooled everybody for a long time, until the brave employees spoke out.
Many very damaged by her. Wait for the Sunny trial outcome. He was a rascal too. Easy to get trapped in a web of lies when you really think you can make something work .
People have done much worse. Think of all the military generals who sent their soldiers to die. None of them got prosecuted for bad planning, unfulfilled promises, knowingly committed men when they knew they would fail. I’m amazed how the media in the UK hushed this one up. It got no traction at all.
Fraud to the rich 🤔but not patients and employees,who could or had.been harmed from her scheme…..wow! 🤔blonde, fake deep robotic voice, black turtle neck wearing, want to be Steve Jobs ? Difference Jobs had a working product that changed the world ….hers was a fake it till you make, Even though it will never work ….and remember who her dad was !!! They frauded many too…Must be in the Blood.
why is Elisabeth a fraud? She told her investors that she had no degree, that she thinks a degree is useless, and that she has found some technology that nobody else could come up with. How stupid you have to be to invest in such nonsense? The people deserved to loose their money when they are so stupid.
Nice try but she was still lying to them
@Music L0ver did she lied or she was just stupid thinking that some “miracle” must come, or some miracle is in process of making?
If somebody tells you that they have no MD, and that that they will give you a miracle cure, whose fault is if you get hurt trusting such stupid person? The first rule in finance: fools and their money do not last long :-).
Her products would harm millions of patients if marketed. She belongs to prison for the rest of her life.
Who if not the CEO is responsible for the fuckn falsifying blood test results and taking the patient through hell in case of wrong cancer diagnosis, bad results based on which diseases were not found etc. You’re saying she didn’t know that? Ridiculous.
Donald Trump in drag!!!
They made these crimes only about the rich, regular Americans who got scammed mean nothing.
She’s gonna need that voice in prison 😳😂
I can’t tell if this girl is a sociopath or completely delusional. How she was able to get so far with a clearly faulty product, raising billions of dollars from seasoned investors and compromising the health of so many people is unconscionable .
she was possible but havent got the .rar password for large or medium fries, no refill, until changing diapers for her concert, as far as they are only found in ebay for resale or if its electric or tesla like, just bot got crazy, smoking or not NPC, a im, definetively republican changes till midnight, just lmk
She was traumatised and delusional. Her Mother and Grandmother used to pass out at the sight of needles.
Delusional narcissistic sociopath!
Apple doesn’t fall far from the tree. Her father was convicted for his role with Enron.
😳😳
I feel sorry for her she’s innocent. I hope she given presidential pardon.
ikr we should just spend half of our salary investing to her company. I mean they faking evidences. obviously duhh
In china, she would be executed with an anti aircraft gun.
It is interesting how hard it is to get convictions on financial crimes.
Con artist.
I like how none of her investors realized she has crazy eyes and a fake deep voice.
I hope she takes her broke blood testing box with her to jail🤣dont forget your useless box elizabeth😂😆😅
Break out the square broom handles….🤣
She should have been charged for that fake voice
Where’s her unblinking stare gone ?
Why do journalists keep blabbing about this fake it til you make it BS??? She had over 10 years and didn’t “make it” so give me a break.
What’s the message I’m supposed to grab from this story as a guy in the middle class? Who is the media appeasing to by continuing this story on our feed?
White privilege never looked so good. This witch shouldn’t be out AFTER all the crimes she committed. She’s been able to walk around freely to get married and pregnant so she can get empathy and sympathy from the public. She’ll walk free or get a small slap on the wrist, like most wealthy white women get.
White (at least white looking), female, and Jewish = she won’t do more than 5 years MAX, 3 years or less with good behavior.
80 years in prison. Sounds great. 😆
It’s 20 years for each guilty count, but they are to run concurrently. So max is 20 years, no matter if guilty on 1 or 4 counts.
@Daniel Howard If true. That is sad. The justice system stinks.
@jaguar 41 yup it’s too true, 20 years max for her. Plus the judge decides length of sentence at his discretion. The judge won’t sentence her until after Sunny Balwani’s trial. His trial got pushed back, to perhaps March, because of Omicron. She is free until sentencing.
@Daniel Howard Wow she got off easy. Plus she took money from people and still is smiling. 🤮
She won’t step one foot in prison. She will walk free because of her billionaire boyfriend. 😐 Regardless of her actual sentencing. 😑
Free Elizabeth…. Let her make her super blood machine….
What about Gabby Petito? Justice for Gabby! Gabby could have used one of these blood machines
She not found guilty on lying on patients? Erm, it speaks volume of what the hell the system is for. Seriously? Imagine the effing fake toy was used in the army field and even used in hospital and they lied about their product working…. but they found out oh you guilty for cheating people money? Rubbish verdict.
I think that one day her idea will ce through she is brilliant she doesn’t deserve jail time
Look, business is business she tried her best with theranos investing in new bio technology is always a risk common the woman is brilliant you guys are just jealous of her spirit
She wasn’t misleading anyone idiot think about investors investing in new vaccins research it takes years yet they blindly invest she is totzlly innocent her brain faulted the brainless that’s it Natalie Mutzel Blum author
So, she was convicted for defrauding the rich???
I watched a Youtube video on the history of Theranos and Holmes. Holmes was 19 when she quit school and started Theranos. Her main idea was a blood test could be done on a much smaller sample of blood. Her company was only able to do this on one type of test but currently there is another company that has expanded the number to many more tests that can be done on minimal amount of blood. Holmes is guilty of making universities look inadequate. If we look at the majority of the start up companies they were started by college dropouts.
Lock her up!!!!!
Yes because this was a sham trial
She has even gotten herself impregnated with the hope of getting a lighter sentence………What a piece of work…….
She reminds me of a con man that can manipulate anyone. Her prey was old rich peoples
Ok, we now that we have guilty vedicts, time to see justice meritted out. But sadly this is not what is going to happen, she has a kid. The Judge will give her four years in a “country club” type institutution and five years probation, she will serve two and a half.
In 2015, she was appointed a member of the Harvard Medical School Board of Fellows and was named one of Time magazine’s “Time 100 most influential people”. Let that sink in for a while.
Well, Kamala Harris was on the cover of Time, too, so that ought to tell you all you need to know about Time.
I don’t feel sorry for any of the big investors
One being the Walton family. They put more scrutiny into introducing a new product in their stores then they did her company.
🤔😏
I’m not stupid, of course they checked her and the technology out. I would guess 85% if not higher of the inventors knew the pin prick was bs…they were hopping to make a quick buck from the young female Steve Jobs technology drop “women fight all odds in a male driven tec world” angle. They where hopping for a miracle or pivot in the company and technology. Sh** went south, they turned on her/bailed….and then with their deep pockets funded press and back stories that ignore their part or paint them as victims. These are demons…She came from demons. This is the game they play.
Life in prison, maximum sentence.
Why isn’t Nancy Pelosi and many democrats guilty of investment fraud??
Strange yahoo finance and other media companies was praising her as the Female Steve Jobs, fanning the flames supporting her crime. Now all of a sudden OMG
How can you give a guilty verdict on lying to investor’s and not lying to the consumer who purchased this. There should be some retribution to the lower mid class people as well.
Poor baby and the baby’s mama will go to jail and the baby is going to miss the mama. So the Judge will give a few months of a suspended jail sentence and she will be jailed in her own house with an ankle monitor. Real jail is for others but not for a rich and well connected MOTHER like her. Bless the MOTHERHOOD. Is there a way that convicted men can get pregnant and get a reduced sentence?
Blonde blue eyes no real jail time for this lady maybe 5 to 8 year max
Stupid title, there wasn’t a doubt it was just on what counts. Thats the disappointment she should have been brought up on more charges. Why was she wearing a black turtle neck and black pants.
She was able to go that far becouse she is white , she was stiling for the Rich . Tha is why she is in jail .
Behind that Fancy cloth hides the corrupt Monster 👹 . I hope she enjoy her new uniform 😂
not enough!
I want to see her nailed. She allowed patients to think they had correct lab results.
The only winners in this sad affair, as always, are the lawyers.
Ok everyone is against her defrauding investors. I say let them idiots lose their money. Why you all care so much for these rich wealth mongers. Who probably did worse deeds then her to become rich.
I’m not saying that she’s totally in the right and that her motives and the way she conduct herself is morally acceptable by today’s standard. But look around you a lot of those with power and wealth are just like her and even worse.
Shame on you. 🤮🤮
The upside to the mixed verdict is it will make it much harder for Holmes to successfully overturn her conviction on appeal
No justice! How many patients did she deceive?
No surprise. What have her parents been doing for the last five years? They should be investigated for every possibility of influencing the outcome of the trial. Jury tampering would be a very obvious one, which would require the monitoring of every juror and looking for hidden accounts and conceal land/property ownership paperwork, under different names for ownership.
EVERYTHING about the product was PROVEN TO BE FRAUD. The product NEVER did do what it was alleged to do. Considering the money involved, how could anyone responsible for the whole charade walk away with anything less than 10 years …..as an absolute minimum.
It looks like getting pregnant helped.
SHE IS A REAL CON ARTIST.
Enron in a dress.
This is NOT her fault!! She should have been stopped the very FIRST time her new invention didn’t work.
Concurrent sentencing is the biggest pile of bullshit in the justice system. The concurrent sentence allows the defendant to serve all of their sentences at the SAME TIME. That’s letting them commit multiple crimes, get convicted of multiple crimes, then only being held accountable for one. Ridiculous!
And not guilty of defrauding patients? WTF?!! Brittany Gould, testified that a Theranos blood test revealed she was having a miscarriage when, she had a healthy pregnancy. As a result she changed the medication she was taking, which could have harmed the baby, luckily she gave birth to a healthy baby.
Erin Tompkins, testified she received a false positive HIV antibody result after taking a Theranos test at a Walgreens in Arizona. “I was quite emotional at the time,”
Steve Hammons, testified the Theranos mistakenly countered an earlire test showing his blood taking more than six times longer than normal to clot. His doctor relying on the test told him to stop taking his blood thinner in leu of a milder one. He had to have another accurate test only after the Wall Street Journal started digging into patient. I guess since none of them passed away the jury figured ……………………… what exactly I do not forking know. Glad they at least withdrew their heads from their asses long enough to come up with 4 convictions. I sincerely hope the judge imposes consecutive and not concurrent sentences.
Don’t lie for money
This proves that human lives matter little. If you have friends with wealth and power, you will get off easy. No matter the crime.
Regardless of her sentence, Ms Holmes will be out within five years.
I have to bring the children, do you seem them… What would happened if they dont have a mommy to “support” them grow up. Its going to be really sad, sad, Im sad too that these fraud happened, but I was also under the influence of “men thing”. You cannot put all them blame on just me, I am one of the “me too” of this generation you must respect. Plz I have kids
Why did they keep their hands together:👫👬? Like small children. It is apparently fake story. Elisabeth Holmes was played by this young officer with beautiful, smart eyes ❤️🥺❤️