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Not only did they endanger patient lives by using unready and flawed technology, they were brazen enough to lie about it in writing (in pitch decks) and on nati
by cepth 8y ago
Not only did they endanger patient lives by using unready and flawed technology, they were brazen enough to lie about it in writing (in pitch decks) and on national TV (CBS This Morning and others).
By putting blatantly false claims, like “Theranos Edison devices are deployed in the backs of Humvees in Afghanistan” and “Theranos technology has been validated by Johns Hopkins”, in writing, they have made it quite easy for prosecutors to meet any mens rea bar.
That said, it’s true that historically prosecutors have used wire fraud charges as an open ended tool. In “The Chickenshit Club”, the author describes in detail how various white collar crime task forces employed US Postal Service inspectors to help build wire fraud cases. It may not be as easy as Felix Salmon is saying, but the idea that any fraud that involves a wire constitutes “wire fraud” is not that far off from federal prosecutors’ historical playbook.
- closeparen 8y agoI think tptacek’s point is that it has to be fraud to be wire fraud. Making a false statement isn’t necessarily fraud, and involving a wire doesn’t change that.
- psergeant 8y ago> Making a false statement isn’t necessarily fraud Making one intentionally in order to defraud people is most likely fraud though
- monktastic1 8y agoYes, defrauding is fraud by definition. Root comment is clarifying that lying is not always defrauding.