News


Webcast: Bad Blood: Book exposes Theranos' alleged fraud

 

Weekly Associate Editor Linda Taaffe leads a discussion with reporters Sue Dremann and Elena Kadvany about the new book, "Bad Blood: Secrets and Lies In a Silicon Valley Startup," which unveils the alleged fraud by Theranos' former CEO Elizabeth Holmes and former COO Ramesh "Sunny" Balwani, who now face federal charges for an estimated $700 million investor fraud scheme.

Watch the webcast here.

Webcasts are posted every Friday afternoon on PaloAltoOnline.com, as well as on Palo Alto Online's YouTube channel, youtube.com/paweekly.

Check out previous weeks' episodes in the "Behind the Headlines" archive.

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— Palo Alto Weekly staff

Comments

Like this comment
Posted by Anon
a resident of Another Palo Alto neighborhood
on Jul 19, 2018 at 2:18 pm

People are still somehow surprised that women can behave as badly as men.


Like this comment
Posted by Riding a Swing at Peers Park
a resident of Southgate
on Jul 19, 2018 at 2:54 pm

> People are still somehow surprised that women can behave as badly as men.

Some women are even worse...this Holmes woman is a wretched soul & should be punished accordingly. No 'country club' prison sentences...instead, full restitution to all of the injured parties.

And she can 'work it off' at minimum wage.


Like this comment
Posted by wayne douglass
a resident of another community
on Jul 19, 2018 at 4:38 pm

I have witnessed some cons in 25 years in high tech, and I'm still amazed at how easily people are scammed by a fast talker like Steve Jobs and the distaff version of Steve Jobs, Elizabeth Holmes. Of course, the 200+ blood tests performed by this whiz-bang machine was too good to be true, and it wasn't true. They even fell back on that old Silicon Valley ploy, the fake demo, to wow a credulous board of nincompoops that included George Schultz. If they can prove half of the charges against Elizabeth Holmes, she's going away for a long time. There's a reason the FDA has such a lengthy approval process for drugs and tests: people not only can not be made better, they can actually die as a result, But get government off the backs of the intrepid entrepreneur! Laetrile, here we come to a Walgreens nearest you!


Like this comment
Posted by Curmudgeon
a resident of Downtown North
on Jul 19, 2018 at 4:57 pm

"If they can prove half of the charges against Elizabeth Holmes, she's going away for a long time."

Or likely not. First, let's stipulate that if Holmes was a young black male caught possessing a couple grams of crack, she'd face long hard time. But she has multiple mitigating circumstances. First, this is a white collar crime, involving a lot of money. That brings a huge double discount. Second, she is white--an almost inestimable advantage. Unfortunately, being female, she loses the full extenuation package.


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