I have some inside knowledge from friend who worked for Theranos. They actually did have some technology that possibly, maybe given enough time and money, could work for rapid testing of certain analytes from a capillary (fingerstick) sample. Nothing close to the 200+ analyte claims she was making, but possibly an infectious disease panel including HIV, Hep, Chlamydia, etc.

Theranos packaged up their technology, warts and all, and tried to unload it to a few big players like Samsung when the tires started to come off. None of the big players wanted to touch it, not because it did not have potential, but because of the baggage associated with it.

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Trieatalot

It's a C minus world.

I think she honestly thought she they could make it work. She knew she was lying at the time, but believed they would pull off a miracle. Of course hoping for a miracle is not a great plan.

Their "technology" was basically diluting fingersticks and running the sample on a normal Siemens machine. Their Edison machine could run 12 tests but broke down all the time, was slow, and fragile. The only value Softbank has found is in patent trolling.

They actually had a demo run at Theranos where there were mockups of the Edison device up against a wall. A sample could be taken, inserted into the machine, it would drop into a compartment accessible from behind the wall, a tech would grab it, run down the hall and put it on the Siemens analyzer. They would then read the result, run back to the secret wall and enter in the result to an iPad linked to the display on the Edison. My friend said it was pretty slick.

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Trieatalot

It's a C minus world.

Hulu will be releasing a new mini-series starring Amanda Seyfried playing Holmes:

The Dropout

Seyfried certainly has the doe-eyed look down pat.

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Trieatalot

It's a C minus world.

Had she been found guilty of one count of fraud for only 10K because the other courts were not guilty, but the total loss was 600MM the guidelines would still go with the 600MM enhancement? That seems wholly unfair.

That’s how it works. Otherwise we have indictments with hundreds of counts which puts undue burden on the courts, prosecution, defense, and the jury.

Sentencing and loss calculations almost end up like a second trial. I had a case in which the defendant(s) were indicted on like 15-18 counts but we could have charged them with several hundred (relevant conduct). Indictment loss amount was less than $10M but total loss was closer to $100M. They got sentenced on like $75M.

We had to “prove” the relevant conduct. Not at a “beyond a reasonable doubt” trial level but to a level in which the court, sentencing, prosecution, and defense agree upon. That’s sometimes more difficult work than the trial side of things.

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Favorite Gear: Dimond | Cadex | Desoto Sport | Hoka One One

"Bad Blood" is an excellent reading. Excited to watch the documentary. First need to give a call on ion television phone number or contact them on this source cause we have some unexpected errors on our tv system. Hope they can fix it soon as it is no fun to spend winter days without tv.

BBC News - Theranos founder Elizabeth Holmes jailed for fraud
https://www.bbc.co.uk/...d-us-canada-63685131

11 years.... cynic in me thinks her having kids ploy for sympathy didn't work

She will appeal.

And the article says she only starts serving her sentence in April of 2023 ... So she still has time to go to Hawaii or vacation a bit. Ah, such a tough life. I wonder what she did with all of the stolen money?

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longer than i expected. Sunny probably isn't feeling optimistic right now.

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And the question remains. where were you.

I think so too....

11 years, maybe out in what, half of that? And most likely not jailed during her appeal?

She'll be fine.

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Long Chile was a silly place.

should have announced she was running for President when they were initially thinking of bringing charges.

https://www.cnn.com/...es-mexico/index.html - wonder if the prosecutor will be successful in getting the deferral of her sentence reversed.

The government knew a year ago.... they're just being petty now