The most bizarre part of the Theranos scandal is that any medical lab tech/scientist could have told you, right from the initial pitch, the entire thing was a massive scam. There was literally no reason to ever think this technology was feasible and a mountain of reasons it wasn’t.
Comment on Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows.
TheFeatureCreature@lemmy.ca 2 months agoElizabeth Holmes comes to mind. She manoeuvred herself into a position of wealth and power by defrauding other rich people and got herself 11 years in prison for it. That’s 11 years more than most other rich scumbags get.
deranger@sh.itjust.works 2 months ago
cubism_pitta@lemmy.world 2 months ago
Elizabeth Holmes only got in trouble for lying to people who should’ve done their “due diligence”
The patients / families of the patients that Theranos lied to and mislead never got justice.
Ledericas@lemm.ee 2 months ago
i read an article when the theranos sht has been going down, around 2016, look how long it took to charge her. a patient hormone level was higher than normal indicating some form of malignancy, she took chemo only to find out she dint have any.
metaldream@sopuli.xyz 2 months ago
Tech execs have absolutely massive egos.
Ledericas@lemm.ee 2 months ago
her pitch was single droplet of blood to diagnosis diseases.
deranger@sh.itjust.works 2 months ago
I’m aware. I’m also a medical lab scientist and the entire thing screamed bullshit from the start, not necessarily due to the feasibility of testing on small volumes, but things like calibration and quality control.
Viri4thus@feddit.org 2 months ago
The worst of all this is that from the top of our heads we came up with a woman and three black dudes. Other than Madoff I don’t remember any white dude getting any deserved retribution other than the recent United Healthcare CEO.
Cruxifux@feddit.nl 2 months ago
But after that 11 years didn’t she come out of prison still rich?
Ledericas@lemm.ee 2 months ago
and not the patients live she ruined, even caused harm to.
billiam0202@lemmy.world 2 months ago
And that just goes to show:
The only time rich people are held accountable in the US, is when they fuck with other rich people’s money.