No less than 200 words please
Recently, the WSJ reported on the upcoming criminal trial of Elizabeth Holmes and Theranos Inc. This has been a fascinating story of one of the largest frauds committed in Silicon Valley.
Instructions: Read through the following two articles and short videos and comment on your impressions of this fraud. I just want you to be exposed to this case.
2/12/2020 WSJ Theranos Judge Narrows Case Against Theranos (Note: Be sure to see embedded video within this article WSJ John Carryrou Reporting on Theranos and Elizabeth Holmes) as it is a little scary but interesting.
9/15/2018 WSJ Blood Testing Firm Theranos to Dissolve
HBO Documentary Trailer: The Inventor – Out For Blood in Silicon Valley
https://www.youtube.com/watch?v=wtDaP18OGfw
This is the story of Elizabeth Holmes, a Stanford college dropout who modeled herself after Steve Jobs, the founder of Apple. Ms. Holmes is a great promoter and had the ingenious idea of simplifying the way that blood tests are conducted using a simple drop of blood from your fingertip to complete hundreds of tests instead of big needles in your arm. She surrounded herself with a widely respected Board of Directors that included a previous Secretary of State and two Secretaries of Defense and her clients included Safeway grocery and Walgreens. Prominent investors that contributed over $100 million each included the Walton family of Walmart, Current Secretary of Education Betsy Devos, Rupert Murdock and other prominent investors. She graced the covers of every business magazine and her company that started from her garage was at one point valued at $9 billion. The only problem is the business was a mirage. I have provided a couple of WSJ articles to read and two videos of a few minutes each to see. So check this out and let me know what you think with your texted response.
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