4 ms·

I'm not saying he was a random employee but he was definitely lower on the totem poll. Holmes could have had him removed from the company at any time. The same

I'm not saying he was a random employee but he was definitely lower on the totem poll. Holmes could have had him removed from the company at any time. The same is not true of Sunny removing Holmes. I have also read the book and agree Holmes was more into the PR stuff and investor stuff. But again - the crimes had to do with lying to investors.

dmix 4y ago
I feel like the biggest source of truth was inside the company. Controlling the employees is what kept it hidden for so long and an employee was what took it down. But you might be right that most of the fraud was via investors. The companies operations were just a fiction after a certain point.
lupire 4y ago
She was convicted of the investor crimes, and he was convicted of the operations crimes.
- fasthands9 4y ago
  >Following a three-month trial and deliberations over five days that ended in July, Balwani's jury returned guilty verdicts on all 12 charges brought by the Justice Department — seven counts of wire fraud for defrauding Theranos investors, two counts of wire fraud for defrauding paying patients, two counts for conspiring to defraud investors and patients, and one count for wire fraud related to Theranos advertisements to patients in Arizona. I dont know the exact breakdown but seems like most of his crimes still had to do with defrauding investors. What distinction do you mean by "operations crimes"?
  - dmix 4y ago
    All tort cases need someone to be the harmed by the crime. So of course the investors would be the central focus. How they pulled off the crime is how they are prosecuted though. Running the fake company that investors put money into is as critical (or more so given the due diligence process) as persuasively asking the investors for the money.
    - fasthands9 4y ago
      This was not a tort case. Obviously people were harmed but it was a criminal case.

dmix 4y ago

I feel like the biggest source of truth was inside the company. Controlling the employees is what kept it hidden for so long and an employee was what took it down. But you might be right that most of the fraud was via investors. The companies operations were just a fiction after a certain point.

lupire 4y ago

She was convicted of the investor crimes, and he was convicted of the operations crimes.

fasthands9 4y ago
>Following a three-month trial and deliberations over five days that ended in July, Balwani's jury returned guilty verdicts on all 12 charges brought by the Justice Department — seven counts of wire fraud for defrauding Theranos investors, two counts of wire fraud for defrauding paying patients, two counts for conspiring to defraud investors and patients, and one count for wire fraud related to Theranos advertisements to patients in Arizona. I dont know the exact breakdown but seems like most of his crimes still had to do with defrauding investors. What distinction do you mean by "operations crimes"?
- dmix 4y ago
  All tort cases need someone to be the harmed by the crime. So of course the investors would be the central focus. How they pulled off the crime is how they are prosecuted though. Running the fake company that investors put money into is as critical (or more so given the due diligence process) as persuasively asking the investors for the money.
  - fasthands9 4y ago
    This was not a tort case. Obviously people were harmed but it was a criminal case.