Elizabeth Holmes and former president Balwani charged by feds with wire fraud

[DURHAM D]

https://www.msn.com/en-us/money/companies/theranos-founder-elizabeth-holmes-and-former-president-balwani-charged-by-feds-with-wire-fraud/ar-AAyIcyE?li=BBnbfcL

Elizabeth Holmes, the college dropout who founded the blood-testing company Theranos, and the firm's ex-president Ramesh "Sunny" Balwani were indicted Friday on criminal charges related to false claims they made about the accuracy of their much-hyped testing devices.

>

Holmes, who in dress and demeanor consciously mimicked Apple co-founder Steve Jobs, was a media darling who wooed former secretaries of state George Schultz and Henry Kissinger to her company's board, along with now-Defense Secretary James Mattis.

>

But the company in recent years had burned through more than $600 million invested by a number of high-profile investors, who included the Walton family, who are Walmart's founders, media baron Rupert Murdoch, and the family of U.S. Education Department Secretary Betsy DeVos. According to a recent lawsuit, each had invested $100 million or more in Theranos.

tut-tut

[elehhhhna]

1. Her dad was an enron exec.

[DURHAM D]

2. Interesting. Did not know. nt

[nitpicker]

3. Link to DW

http://www.dw.com/en/us-blood-testing-startup-theranos-founder-elizabeth-holmes-charged-with-fraud/a-44249478

[mythology]

4. Good, she's a scam artist

What scares me is that somehow she's trying another start-up

https://arstechnica.com/tech-policy/2018/06/disgraced-theranos-founder-elizabeth-holmes-indicted-on-criminal-charges/

Meanwhile, WSJ reporter John Carreyrou recently revealed that Holmes was seeking Silicon Valley investors for a new start-up. She very well may have good luck, given that some of her previous investors still support her work.

What sort of moron would give this scam artist investment money at this point?