Elizabeth Holmes & The Theranos Deception | 60 Minutes Archive 

Good info.

Yes that's so cool, we all love our dads! - Said Jared Kushner

Yep, it makes perfect sense. The apple wasn't far from the tree at all.

That answers a lot of questions. Like father, like daughter. Fraud, pure fraud. And greedy investors.

And apparently the Edison Machine confirmed she was fathered by Steve Jobs

That part been boggling my mind as well

Ikr! madness greed

Great Silicon Valley marketing tactic

She shouldn't get anytime. She's a genius. Tricked many greedy people that never bothered to do any research

Interesting timing

Yet she continued earning paychecks, and filling her belly with fraudulently sourced income.

@@jbohnoff No, she's one of the two whistleblowers!

@@jbohnoff no she didn't she quit and turned Theranos in to the center for Medicare and Medicaid services. But countless other scientists worked there and knew it was bs and kept working there just for the money knowing full well what they were doing...one guy even killed himself to prevent testifying against Elizabeth! Ian Gibbons was asked to testify at a deposition about why Elizabeth's name was on numerous patents with his when she contributed zero scientific work on them, and instead of tell the truth he KILLED HIMSELF. Imagine the hold this sociopath had on her employees!

@SummerBreeze It's no wonder whistleblowers are hesitant to come forward -- look at how you're chastising her now

I love that women needed a biology degree to know this is BS.

It can take a lot of sacrifice , a lot worth loosing to do the right thing. I’m sure there were a lot of unsuspecting employees who didn’t want to loose their jobs and income while supporting families. But of course- if your intuition tells you something is wrong, the best thing to do is to get out of that job.

It is a testament of our failed government and society which have been manipulated by the evil international banksters for the past 300 years. The USA is no different from Zimbabwe.

Trump has done the same deception within a different context since the 1980's.

We wouldn't be dealing with half the crap we are dealing with if we all actually just lived in the TRUTH of everything.

Amen!!! Perfect quote!

Lol

😂😂😂😂

No kidding. The only crime she committed was using a fake voice.

🤣😂😅😁😄😃😀😂🙂🙃😊

I'm curious why all charges weren't a guilty

What’s even wilder she and Elizabeth served on the board of fellows at Harvard at one point in time together!

I remember hearing about Theranos when it was still considered a legitimate company. The device was described as a medical tricorder from Star Trek, and I was thinking, "how is that even possible?" Turns out it wasn't.

Walgreens fires their consultant hired to investigate Theranos in order to protect their best interest. Walgreens installs Theranos' Edison Machines into their stores. FDA regulators shut down the operation, due to immediate jeopardy to patient health and safety. Walgreens: surprised Pikachu face. Lawyers swoop in for a massive class action lawsuit against Walgreens, Theranos, et. al. Walgreens: surprised Pikachu face x2.

Give it some time , big pharma will be selling her invention

Had a sales rep come into the Children’s Hospital I worked at and did a whole presentation. After the rep left I spoke with an Endocrinologist Doc and asked her what she thought about it because it was fascinating. The doctor looked at me and said “ain’t no way”. She did not comprehend how it would be possible and instructed us not to use their services.

Why did he say anything? He knew about the deception

I wondered in hindsight what the people of Siemens and Philips thought the claims of Theranos.

Ive just finished watching The drop out, and agree with you. What I find mind blowingly scary, is how she got away time and time again, with people who should know better. It was terrifying to watch. I truly hope the rest of her life will be a miserable one.

@@set65 It depends on how many tests are ordered as well as the lab's requirements. Hematological tests require whole blood usually the collection tube's cap is color coded indicating the tubes anticoagulant (most often containing Heparin). The red top tube typically contains no anticoagulant at all because most chemistry tests use serum obtained by centrifuging the clotted blood. However, some of the tests can require either serum or plasma (for example, electrolytes). But these are not the only examples. I was trained to use an an automated analyzer that ran 21 tests on a single patient sample and on many 8 hour shifts we ran more than 600 samples: That's 12,600 tests results per evening shift not counting calibration and every 10 samples was a "control sample" to insure accuracy and precision. My college text book was, John D Bauer's "Clinical Laboratory Methods". A final reason and a very important one is that clinical labs are required to store left over samples in the event a physician request it be retested to insure a patient receives appropriate treatment based on the confirmed result(s).

"B-b-b-b-ut, *Trade Secrets!* "

Hype over science unfortunately - patients are the ones who suffer in the end

Elizabeth Holmes was smart at deceiving people. Nanotainer which was a good play on words with 10-9th power for nontechnology that is in the billionth decimal place. The machine named Edison is another play on words for Thomas Edison. Great idea tie together Electric powered generator with nanotechnology and be able to read far smaller samples of blood. I think what through me off was studying graphene and how they use cd-rom laser to separate the atoms. She got use to believe in fools gold that is for sure.

Good she’s convicted!

@@carlosrodriguez4503 “smart to buy”… if I sell you magical beans, are you smart for buying them? A bit of research would have raised red flags, instead they just threw money at her, NOT SMART.

@@SunnyDiegoProduction no amount of research at that time would have indicated that the company was a fraud, They had a NDA and the only time it was exposed was when people who work at the company broke the NDA

@@carlosrodriguez4503 Walgreens hired an expert to examine Theranos. He was suspicious and warned them against Theranos. Walgreens ignored his recommendations and they agreed with Elizabeth's demands that he be excluded from their negotiations. Pfizer had the wherewithal to refuse to do business with her. Walgreens deserve the blame for their actions.

That lady is a mad leader who she thinks is a boss to all of her employees and taking advantage of taking money from the government. Okay, I am gonna be straight with you, she is one sick delusional freaks of nothing but childs play.

@john lewis Thank you! We we’re paying attention.

Live action role play lol

Cosplaying as an educated entrepreneur...

you heard?

Walgreens was afraid CVS was going to outbid them so the ignored his warning and took the bait. I know CVS looks back on it and thank the stars they didn't

@@KenDAKL4ever Yes, that is in the book "Bad Blood". Worth a read!

i read different. The Walgreens consultant was asking questions that Theranos deemed to be "offensive" and "disrupting" the meeting, and subsequently boo hooed to Walgreens upper management (he was simply asking due diligence questions to protect his employer, Walgreens...mind you). Walgreens then fired their consultant. its also been speculated that Walgreens was very worried about CVS getting in on the action, and they wanted to lock it down b4 they did.

That’s crazy. Why even send him? Lmao

That's not her fault

Didn't remember the media even covering that story😥

No one makes anyone commit suicide.

Why? How? Who?

@@rickjames5998 almost every suicide is because of others

Shultz's grandfather turned out to be a serious loser.

Ditto for anyone who puts “disruptor” in their resume to describe themselves….

Blinded by greed

I know - and a 19 year old uneducated con artist. I had no idea it was so easy to get billions out of people with no scientific proof.

Rupert Murdoch and Betsy DeVos taking a bath on this mess is the one positive outcome.

Silicon Valley knew it was BS.

Like Clinton, Obama or Trump, all big crooks, mesmeriezed people

20 years in prison to still having millions after she get out? AND she will not have to raise the kid? Its a win win for her... They should take ALL her money AND have 25 years in prison...

YOU MUST BE A CLINTON SUPPORTER ..PUBLIC RECORD CLINTON IS IN ON IT

@@Kiyoone 25? She should get 80

I agree.

@@phillysauto4724 No, that's not true. Was Betsy DeVos in on it too?

Rounding error for them.

Or selling products that aren't 100% "safe & effective" and whose producers are immune from prosecution (think vaccine manufacturers). And bill taxpayers for that, which is even worse.

@@henryford2950 There is nothing in this world which is 100% safe and effective, never has been, never will be.

It was a long con.

Female, white, blonde, blue eyes, semi attractive. Tends to make men stupid and investors blind.

Well that's how powerful and accommodating white privilege can be.

I know. Why did those employees with advanced degrees stay with her for almost two years? They could have easily gotten another job. Now, they're being cited as heroes. 🙄

@@margo3367 Money

@@margo3367 Advanced scam degrees, intelligence and scholar ship is two very different states of mind

And greedy investors lol

@@margo3367 Elizabeth deliberately kept the the scientists working in silos and in competition with one another so for a lot of the time they never really had an idea of what was happening across the company and how far they were developing. She also sacked so many staff over the years who even dared question her or show concern and were made to sign NDAs or threatened with huge lawsuits if they said anything. She hired one of the most expensive and ruthless law firms in the US just to keep people quiet.

In the US, investors are more important than patients.

@@manuelmarquez2514 And the socialist speaks.

Indeed, meanwhile oncology patients are erroneously being told that they have active disease and vice versa...

America

@@Grasshopper.80 Russia

That reminds me of the boeing disaster too. Government agencies in America needs some fixing. This kind of dangerous corruption leads to loss of lives

this is America. Folks are NOT held accountable. Case in point - Trump, Fox News and their lies etc. etc.

@@Hithere-ek4qt I ironically, I bet you're first in line to trust the FDA.

@@Hithere-ek4qt Folks? You mean the elites are not held accountable.

Absolutely, this is the same FDA that agreed with Purdue Pharma that Oxycontin was non addictive. 200,000 Americans died of opioids overdoses last year. I thought the FDA was set up to protect us not the corporations profits? With stories like this who needs conspiracy theories to muddy their name.

Money

Talking as an auditor, money. At the end of the day, people listen to money rather than truth. Auditing, like many things, is a business and giving failing reports to businesses is how auditors lose business. Additionally, more clients have to be brought in because clients drop out. A lot of overlapping projects. Ultimately, this is how auditors face demanding workloads and they are most likely to overlook things. Heavy regulation over the last 20 years by the government has made auditing a check-the-box project. We are essentially being told where to look and where not to look by these checklists. College graduates with no work experience are also a part of the problem. The education system continuously fails the public. Over time, auditing will become extinct because of the current toxic model.

Because you are the plebs and they are the elites. The more money you earn or steal you join the club of privileged. Comprende?

If she confidently bamboozled investors out of millions upon millions of dollars...bamboozling a bunch of suburbanite jurors must have been a fricking cake walk!!

The jury system is a joke.

Because millionaire donors have the receipts (evidence). Regular people do not; therefore it's more difficult to prove.

They did find her guilty of four counts

Entitled white woman karen who thought she was above everyone else. She deserves a long sentence. Sociopath!

@@jules-cb6ni RACIST!

@@historyouuu3495 no. It's just the truth. You're looking for racism where there is none.

@@historyouuu3495 you're part of the problem.

@@historyouuu3495 racist? Surely you're being sarcastic? Context was descriptive.

Because intensive research and investigation into "pop up" miracle machines is "dull and boring", while blind-faith high-rolling investment is "cool, trendy and sexy".

You forgot to mention that she is a nepo-baby. Neither you nor me would have gotten investors throwing themselves at us for silly claims as Holmes'.

😂😂😂😂...my thoughts too!!

And that scruffy unkempt hair!! 😂 WTF!?

I don't know the real answer, but I suspect it might be because she never interacted directly with the patients. She defrauded the investors and the industry customers because she made the false claims directly to them.

BY DEFRAUDING THE SYSTEM

I had the same question in regards to defrauding the patients. A kind viewer of you tube provided me with these facts: “The defense largely won those counts in by prevailing with the judge on pretrial motions that severely limited the scope of patient testimony, they were barred from being asked about physical or emotional harm they experienced as a result of faulty test results and only patients who paid out of their own pocket for the test were allowed to testify at all”.

Likely because it is difficult to prove causation. That is, it is hard to find patients whose blood was put through Theranos who then suffered illness thereafter and to then link that illness to a Theranos misdiagnosis.

My thoughts too, that to me was as bad or worse. Extremely disappointed!

Because they think they’re superior and the rest of inferior humans can’t catch them. A delusional form of narcissism.

They make hay while the sun shines

She kept the investors money apparently...

Excellent Dr

Bless your endocrinologist!

Hi

Probably saved a few lives or kept them out of danger. I remember going to Walgreens and seeing these boxes, with the price list, and thinking " I don't trust this, I won't put my health in the hands of a vending machine". Prophetic thoughts.

It’s interesting that the woman with 11 yachts fell for this, yet she replaced science in Michigan schools with “Jesus”.

Meanness of this type is something unfathomable to me

I can only imagine how disappointing it must have been for these bright, young, capable minds to realize that they had committed themselves to a total sham of a corporation.

An insult to our profession

Yea keep her bone dust locked up

Looking at leas than 20, 5 year minimum.

I mean, that's pretty common. You need money and connections to be on top, not wisdom or anything that could be considered merit.

😂

Exactly!!!

oedipal strivings for steve jobs

I don’t think it’s impossible. It just isn’t possible YET

🍎 and 🍊

it's years and years of a lie and the President and capitalists telling her she is amazing ( for achieving nothing BTW) and throwing money at her, at this point she believes her own lies.

Same with Bernie Madoff.

She’s soulless, heart of stone selfish, and sick. She chose Fraud, but could have easily excelled as a sociopath serial killer. To this day, she sees nothing wrong with her behavior. Wow.

People like that usually pass the checklist for psychopathy or sociopathy where they get the diagnosis for some sort anti social disorder. These people just have a very low capacity to feel empathy and remorse. On the plus side they have a near immunity to anxiety and stress but this is where can get dangerous.

She hoped it would I do believe....

You forgot that he further enabled her. Without him the scam wouldn't have lasted as long and she wouldn't have gotten near actual human beings that she used as patients.

She got exposed only after she sought out the mainstream media’s attention.

hbo piff

As the gravity of likely punishment sinks in, may Holmes feel the horror & despair the man who thought he'd contracted HIV felt; the woman who thought she'd miscarried felt; the common investors who lost their life savings felt; the whistleblower who fled the country felt; the family & friends of Sunny felt; and, Gibbons' widow felt.

She won’t. It’s w white collar crime. I doubt she would do time.

They will give her 20 but she will only serve 5 years I bet .

she won't go to prison most is a fine maybe 1 year of jail. the is American "Justice" we've seen it before. rules for thee nit for me is thier mantra

She's been found guilty of 4/11 charges. For fraud of this magnitude, hundred's of millions-billions of dollars, she'll definitely get 20 years plus, doing at least 5 years.

You forgot to add: “if you’re rich” at the end of your sentence.

She was also extremely well connected which opened many a door and gave her added credibility.

I noticed that part, too. Lol

Lol

@@jimmyp7928 her dad was a former Exxon exec right?

Really? Did you hear that?

@@jamessullivan4391 I wish I could remember where I read this but I definitely am not making it up. It really doesn’t matter now anyway.

Wikipedia says her father was a VP at Enron.

@@ARichardP So she learned from the best, or should I say worst.

Finkij Lua so predictable, maybe even herself.

Well, that’s the culture in the silicon : fake it until you make it. Furthermore, it shows how stupid and greedy our politicians are!

She was also faking two internal 'reports', editing the contents and sticking other company logos on them to pass them off as 'approval' and admitted it under oath - saying it wasnt her intent to deceive anyone. So any investor who asked too many questions got forged documents in response.

She's a sociopath.

Smart people are the easiest to fool. Ex: people that voted for Biden.

I guess "Tesla" was already taken, so you had to go to the next best thing

She is on par with Trump.

Big difference between being a saleswoman or a salesman and a swindler.

@@internetpeople6113 it runs in her family considering who her father is.

@@franciscojosemari4707 swindlers are good sales people, that's why they get away with things. That has nothing to do with those who do their work honestly, this can be true for both.

Investors were greedy, so it was easy for her. It was almost a ponzi scheme, but no investors got paid out. If it was not for the fact that peoples health was put at risk, you could laugh about it. Investing 100 million dollars into a black box that did not work and you did not look at it to make sure it worked!

Faking blood test results.

I think the entire case is a commentary on Silicon Valley‘s culture there’s so much hype so much exaggerating in this culture that young entrepreneurs are basically bred to behave in what Elizabeth did

@I O keep in mind this was during the unicorn boom (The unicorn club is the billionaires tech start up club emerging at Silicon Valley at the time) and people believed that this company was going to be the next Facebook and they wanted to jump on the next Rainbow rocket to riches

CBS Nora O’Donnell swallowed the bait on her first Theranos report like everybody else. As a reporter, she has no credibility in my eyes. Just a very pretty apple who fell far from the journalism tree.

@@wmonroe21 And she admitted it.

This only scratches the surface… I highly recommend the book.

Show: *called 60 min* Video: *14 min*

This is actually the real 60 minute story on her ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-BgNfrDXr7uA.html

@@Gazzaxxo Thanks Gaby...mami?

Cold fusions video is better tho but this is neat too

The stupidity of those swindled is equally astounding.

Bs

And Holmes will probably get little to no jail time after a retrial and her lawyers push and shove to get their way. And of course none of the investors will get their money back. Only in good ole Capitalist America.

LOL. it seems like her husband is a spoiled rich kid playing with daddy's money and screwing around with Instagram models. they are both trash.

And she’s 10 years her husband’s senior🤣

To me it's a miracle how a well-off good looking guy chooses a criminal fraudster as a partner. Yes she is physically quite attractive I suppose, but there are millions of attractive women in the US who are not criminals. Any explanations?

@@timschmitt7550 power, greed

@@Beesubtle no I mean the other way around: why does the guy choose a criminal?

Corporate Media Gushed Over Theranos Fraudster Elizabeth Holmes ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-rqVkYYsDOLY.html

@@jg79100 Yeah, that's very true, the 'Fake it until you make it' saga continues at Silicon Valley and no ones seems to do anything about it. I was surprised to know that Elizabeth's fraud company managed to remain out in the field almost two decades without getting caught, that is freaking Scarry!

Investors were greedy, so it was easy for her. It was almost a ponzi scheme, but no investors got paid out. If it was not for the fact that peoples health was put at risk, you could laugh about it. Investing 100 million dollars into a black box that did not work and you did not look at it to make sure it worked!

Oh no poor widdle investors...

@@wildnfree101 because she was a woman

she won't get jail time coz the only mistake she did was she failed miscalculated and Failed. you see she is not a scientist. she is just a marketer or motivator speaker (if that you prefer to call them). steve jobs and her are the same. they both good at talking about the future and telling a story about what "they think" and "the idea". the difference between them is Steve job knows his product is possible to make he only needs to find the proper people to make one. (iphone is no unique there are several attempt year before it.) and that where his talent comes in. he knows how to talk, to motivate people, to lure these people to come to him and make the product possible. This lady on the other hand miscalculated it. her product is impossible to make atleast for the current era. (we can call it , she is ahead of his time... but she isn't). she knows how to talk, to motivate people.. to lure these "right people" to come and make her product possible. problem is ... it isn't possible. she failed. and that's it. and that's the hard truth. nevertheless the only big losers here are those who invested on her. which most likely are wealthy people. so .. I don't care. they deserve to lose those money.

@@ChibiKeruchan by your logic every scammer has failed, he had the best of intentions but his little scamming brain miscalculated :(

@@ChibiKeruchan I have worked with industry as a physician and the difference in your analogy is that these CEO's need to be cautious about reporting when things aren't yet working. To make it clear how and why they aren't and suggest that a solution exists. She and her board, who btw share the blame here, didn't do this well. I don't think they realized they were in the medical device industry NOT the computer software business. There should have been a physician and scientist review board that was making it clear what this idea could and couldn't do safely. Finger stick can be used for many chemistry and serum based studies and the idea of using very small quantities has merit. In fact the inspiration here is that there has been huge progress in the area. Obviously we rely on this for blood sugars. The problem is not enough to give a full accurate reading for the majority of the panel we normally order. Pushing cells through a slit opening as opposed to a vein causes lysis of the cells which then interferes with accurate readings for over half what you generally want to know. This was obvious to anyone in the field..well not to this group apparently. So it wasn't a full on scam and I would say it would be interesting to see what was getting accurate measurements that could have been product that was useful for many in-office studies. I don't know what has become of the work and money spent on R&D. I agree the speculative investors made money on the way up and many shorted on the way down..The funds probably ate it the most. I do think that considering how many overpromised companies fail that we pretty much just know HER name..Burn the witch? What about the Wickens?

They do it is called jailing ADOS "black" men, women and children due to racism.

No jail time for her as no patient's life was at stake here more of a misleading of their "well-renowned" product that had investors lose big time

Many did. There was a lab tech and blogger (I forgot the name) who criticized and questioned the technology before there were any suspicions but nobody listened to them. Even Elizabeth's own professor said that her idea was impossible. The fact that there were zero doctors or medical professionals in the company board is a massive red flag.

I understand buying the story, but I won't ever be able to understand to invest millions on a machine without having a proper test before.

The professor was the only one who clocked her from early and said yea that’s completely impossible

@@staceyshere it's a shame the professor didn't bother to tell anyone about it. But is it his duty to whistleblow?

@@ya00007 it was a female professor and this was while she was still in college. Right before she decided to dropped out of school. I kind of wish she came forward and gave her piece of the story but hey 🤷🏾‍♀️

Still hot af.

@@staceyshere Even FAKED her voice..

Nonviolent, White-collar crime No priors Federal Sentencing Guidelines but concurrent sentencing allowed 5 - 10, out in 3 - 5. (Just in time for WASP-anchor baby's preschooling)

It’s up to 20 years per charge, she will go to jail for awhile.

@@Georgeanne17 Likely concurrent sentencing Vs. multiple charges. (Unfortunately)

Hope a real rich shady person had invested on her... The mob kind.... We all know what happens to those people...

Her not guilty charges amaze the Fing smile outta me

Wow I' m just shock someone mentioned expert Mrs Sonia I thought I'm the only one trading with her

She helped me recover what I lost trying to trade my self

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Sonia

I think that she is the best broker I ever seen

Thanks for introducing me to Mrs Sonia

It sounds so painful.

Even her visage was fake.

yes! the voice is awful... funny that she intentionally tried to sound like this?! who on earth would want to sound like that

@@auntiebagadonuts5950 who knows, obviously she's not right in the head. Her voice is just one thing in her list of crazy

Her and SuckeyBerg share common interests.. Or programmer.

Lol, same thing for SBF and his co-criminals.

@@07Flash11MRC Oohh!!! Gotta put that one on my playlist. Thanks for the reminder.

😢

was she trying to imitate Adele?

Isn't it obvious?

yes, one could envision someone like her as director of a concentration camp...

She’s not that evil. She was given too many ribbons as a child for just showing up. Typical modern day child rearing.

@@Lucian-mg9mw Anyone lying to get monies IS an evil entity...because stealing is only one thing this women went to court for. There are so many other crimes she committed to make her decide to steal...Her personal crimes.

@@richardlynch5632 what??!?! Learn English grammar!!

They were thinking with their genitals.

@@Raymot1 I hollowed reading this comment

Never underestimate the power of being a simp

She was a young blond talking to old men. Nothing amazing here.

@@Raymot1 Yep. She knew where to go fund raising.

😂😂

Her and Anna Sorokin, the fake heiress! 😅😂🤣

that... is probably ridiculously true.

@I O she's looking at minimum 5yrs if the give leniency for her being a first time offender

@@thegoodsmaster she’ll get plenty of leniency based on the same thing.

Actually, it is in her mind that she was being honest, until she became a delusional thoughts, and she had her dreams of making her creation to become true, but it was all illusion to herself.

Bs

She thought UGLY worked for her is what you're saying???

@@DJMarkCorneliusThaDon she's a blond !

this woman is an idiot. she actually thought she would get away with it?

Elizabeth, is a delusional of mad queen of corporation.

Not sure about the voice…. Sounds a bit (not allowed say it anymore)

Of course that is the reason she had that kid.

You watch. Whatever sentence she gets, she will be put in 18 months.

@@gheller2261 probably less, she needs years. She was on complete control of the business and knew everything that happened. It was part of her obsession. She lied to investors consistently and kept lying to the investigators. In a perfect world this wouldn't be problem.

She'll do a year. the important conviction was the patients part of the trial - not guilty.

A kid that now will grow without a mother and with the stigma of having her as a mother. The most selfish person in the world.

Exactly. She gives me the creeps. Her fake "manly" voice makes it evn worse...