3 ms·
It still boggles my mind that there were a lot of people in that company who knew but didn't say anything. I'd love to know why.
by labrador 4y ago
It still boggles my mind that there were a lot of people in that company who knew but didn't say anything. I'd love to know why.
- nathanaldensr 4y agoGreater fool theory? The era of cheap money?
- maxbond 4y agoFrom the interviews I've listened to it seems like people were given the impression that the mission of the company was sincere, and that Holmes was gifted at making people feel as if their concerns had been heard and making them feel like the company would be an eventual success. The film Fyre Fraud might interest you. The subjects discuss how they felt pressured to "make it work" at Fyre Festival (a different fraud) even as they understood the window of possibility was rapidly diminishing.
- geoduck14 4y agoHere's my theory: Elizabeth was charged with Investor Fraud - which probably means she told investors "here is a product that is awesome" The employees knew they had the product and had various vantage points about how well it worked - but none of them knew what promises Elizabeth was making or how poorly the entire product performed
- throwoutway 4y agoFrom the book, a few were in the know. One died, and the others were cowed into submission by aggressive threatening attornies . But some thankfully blew the whistle The last who knew the most were the executives, the top two of which were just convicted
- ashwagary 4y agoSame reason the most recent documentary tried to spin her immense fraud as an innocent mistake, she is well connected.