4 ms·

How is a crime and not just a terrible investment in a charismatic individual?

• rahrahrah 10y ago
  When you claim that you have a machine that does X and you KNOW that's not true, that's fraud. Amazing how people struggle with this simple concept.
  • duaneb 10y ago
    Ahh. So the difference is illustrating who knew what when. Good to know, but it's hard to generate much sympathy in an investment BEFORE proof of concept. I had assumed that would be a civil suit instead of criminal.
  • deleted 10y ago
    [deleted]
• ben_jones 10y ago
  You have a good counter-point, but consider this example: A Doctor advocates a new medical procedure without doing any research on the procedure. The procedure turns out to be criminally negligent, and the patient is killed as a result. Is the doctor at fault? I believe an investment is at the very least a vote of confidence, and investments by "important" individuals can lead to their mass adoption. Thus many, but not all, of the investors in the case of Theranos are culpable in my opinion.