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Yeah, committing fraud is pretty nerve-wracking. Won't anyone think of the con men?
by Sangermaine 9y ago
Yeah, committing fraud is pretty nerve-wracking. Won't anyone think of the con men?
- ethbro 9y agoLet's not assume the VCs weren't somewhat complicit here. At best through lack of due diligence and thereby messaging their ongoing support for the enterprise. At worst active or passive concealment because they had a large financial incentive that the fraud remain undiscovered. Given that Theranos didn't IPO, I have a hard time feeling bad for investors (hopefully) taking a loss on this one.