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Interesting how she ended up marrying some rich guy and live in a mansion after her conviction. Did she launder money to his family while she was CEO of Therano

Interesting how she ended up marrying some rich guy and live in a mansion after her conviction. Did she launder money to his family while she was CEO of Theranos? Otherwise I just don't get it. 11 years is a great deal if she gets to live in a mansion afterwards. Why did I waste my career being honest?

gat1 4y ago
> Why did I waste my career being career honest ? Because you are not rich enough to get the mansion jail package.
- bombcar 4y ago
  Nor well connected enough to scam for millions & billions.
glogla 4y ago
I think that goes in general. White collar crime pays, most if it goes uncovered and when it does, you might get few years of prison, while still ending up being rich for rest of your life. Few years of 24/7 prison or 30+ years of 9-5 prison?
- tejohnso 4y ago
  > Few years of 24/7 prison If you could just mind your own business and do your time while in prison this would seem plausible but from what I understand, once you're in there you have a good chance of getting charged with further crimes that you end up involved in. Maybe not so much as a female.
  - jongjong 4y ago
    On the plus side, you can probably save a lot of money on rent.
- HPsquared 4y ago
  White collar criminals usually have the proceeds seized by authorities.
  - hgsgm 4y ago
    It depends on how much you hid with loyal friends, and how much you laundered.
  - refurb 4y ago
    Exactly. Id love an example f a white collar criminal who stole $100M and the government pet them keep after conviction.
  - alistairSH 4y ago
    Some of their fortunes. The Sacklers managed to stash billions away. And then have their company prosecuted and restructured instead of any personal liability. Pretty good gig, if you’re a sociopath.
- jongjong 4y ago
  If you want to hang around with intelligent people, why work for Big Tech from 9 to 5 when you can just go to jail and meet all the best and brightest?
- PragmaticPulp 4y ago
  > Few years of 24/7 prison or 30+ years of 9-5 prison? I have friends who work in the prison system (educational/reform domain). These comments from people casually comparing prison to their jobs are so out of touch it’s unbelievable. Even in the best of circumstances, losing a decade of your life to prison is devastating.
lordnacho 4y ago
Plus it's a non-violent crime, so maybe she won't be in a super high security prison. With a bit of good behavior I could imagine it being not really 11 years of being away from the family, especially if they can visit.
quietbritishjim 4y ago
> 11 years is a great deal if she gets to live in a mansion afterwards. I guess that's a matter of opinion. I'm happy to work till retirement in a modest house if it means I don't spend any time in prison. Even 1 year in prison doesn't seem worth it for the mansion retirement package. (1 month is borderline for me.)
- jeltz 4y ago
  Yeah, I think I could even do 1 year but 11 years is way too much. The idea of living in a mansion is not worth losing that much of my life.
- lelanthran 4y ago
  > I guess that's a matter of opinion. I'm happy to work till retirement in a modest house if it means I don't spend any time in prison. It's a matter of perspective. Say you're age 38 (the age that EH was when she was convicted) with no children (she had no children at the time). You are going to spend the clear majority of your waking time (%75+) over the next 27 years confined to working, with the remaining 25% or less actually enjoying your freedom (holiday/vacations away, social visits, recreation, etc) before finally retiring. In effect you'll be enjoying not more than 6.75 years, awake, of freedom before retirement. Or, you could spend 100% of your next 11 years confined, and have the next 16 years after confinement, awake, of freedom. You'll still be under 50 when released, so lots of options to enjoy that freedom. I can see why some people will find the second option attractive. Personally, right now it's not for me (I have children I want to enjoy while they are growing), but I feel certain that if I did NOT have children, or a close romantic relationship which I wish to maintain, I'd much prefer the second option. The sooner I can stop working, the better my life and my voluntary contributions to humanity. I can't very well explore deep questions or meaningfully make my mark on the world if I'm stuck in a cubicle for more than 3/4 of my awake time.
  - jeltz 4y ago
    I am her age, with no children and single and there is no way I would give up my years between 40 and 50 for more not having to work between 50 and 65. That trade is just a bad deal since you can never predict what your health will be, especially after having spent 11 years locked up. We only have one life and we do not know when it may end. Just think of all the meaningful friendships you will lose both due to being away and from the crime.
sandworm101 4y ago
>> Why did I waste my career being honest? That is an interesting outcome of our current wealth inequalities. The amount of money raked in by top earners is so high that it is well worth the risk of a jail term. Most people (ie poor people) would probably happily serve a 10-year jail term if, after that, they had a few million dollars in the bank. Even more so as few fraudsters are ever caught yet alone jailed. It is a rational choice. Our current system of punishments is not adapted to dissuade wrongdoing in the face of such wealth. And that's just the official system. The unofficial systems such as the inability of convicted felons to get jobs also fail when dealing with rich people. A poor convict will have trouble renting an apartment or getting a loan. Marth Stewart won't ever suffer from being a convicted felon. She will never apply for a job nor have to "rent" an apartment. A hundred years ago she would have been an outcast from high society. No bank would want to give her an account. Not today. Money cures all.
- PragmaticPulp 4y ago
  > Most people (ie poor people) would probably happily serve a 10-year jail term if, after that, they had a few million dollars in the bank. I don’t think this is true at all. 10 years of your life is a huge sacrifice, especially in your prime years. Even among criminals it’s common to abandon everything if it means a chance at avoiding prison. People would rather live on the run and start their lives over under a new identity than go to prison. I don’t understand these commands suggesting that a decade of prison is a good trade for a few million. Coming out in your 40s or 50s having missed out on your kids’ childhood, lost your social connections, and having no career or experience to point to is devastating. It’s weird to see people look at this and think it’s some sort of good deal.
  - orwin 4y ago
    Depends on your age. At 50 with two adults kids w/o real prospects?
- hotpotamus 4y ago
  I mean, working most jobs is an exchange of your time and to a (admittedly very small) extent your freedom in the hopes that some day you'll obtain enough to retire, right? Of course, that's assuming you can navigate the vicissitudes of the labor market; there's no real guarantee. This whole conversation seems like a slightly advanced game of the old playground favorite, "would you rather?", and I can say that given the right parameters, I would gladly spend some time in prison for the right payout.
hayd 4y ago
Can he protect himself from civil actions against her? ...I guess even if he could, presumably, he can't against her future endeavours!
hardware2win 4y ago
Dont you find bilion dollar level white collar crime evil witch slightly attractive?
- hgsgm 4y ago
  He's a trust fund kid like she is. The world is just fun and games to them.
ModernMech 4y ago
Do you think Elizabeth Holmes is as happy person? I don't get that impression, and I don't think she will ever be. She will always be a liar, a criminal, and a fraud.
- hgsgm 4y ago
  > , a criminal, and a fraud. Are not reasons to be unhappy. Some people, maybe most, enjoy the perks of being rich and powerful on unearned wealth. She's temporarily indisposed.
  - ModernMech 4y ago
    Such people are narcissists of the first degree, the most terminally unhappy people alive.
PragmaticPulp 4y ago
> 11 years is a great deal if she gets to live in a mansion afterwards. Why did I waste my career being honest? If you think you’d want to sacrifice 11 of your prime years to prison in exchange for living in a mansion, you probably haven’t comprehended the realities of going to prison. Losing over a decade of your life is devastating.
josefx 4y ago
You probably weren't born into a rich dynasty of successful frauds, so blame your parents for being honest, hard working and relatively poor people.
ur-whale 4y ago
I'm going to get downvoted for being captain obvious here and also maybe because the OP is clearly sarcasm, but still can't help it ... : >Why did I waste my career being honest? Because living and ethical life is a worthy goal in and of itself, and likely a much better one (as in : in a purely utilitarian framework, simply more rewarding) than to shoot for piling up as much money as possible? I know, in Usistan, this idea contradicts the whole societal ethos to the point that it's hard to understand to most folks.
deleted 4y ago
[deleted]

gat1 4y ago

> Why did I waste my career being career honest ? Because you are not rich enough to get the mansion jail package.

bombcar 4y ago
Nor well connected enough to scam for millions & billions.

glogla 4y ago

I think that goes in general. White collar crime pays, most if it goes uncovered and when it does, you might get few years of prison, while still ending up being rich for rest of your life. Few years of 24/7 prison or 30+ years of 9-5 prison?

tejohnso 4y ago
> Few years of 24/7 prison If you could just mind your own business and do your time while in prison this would seem plausible but from what I understand, once you're in there you have a good chance of getting charged with further crimes that you end up involved in. Maybe not so much as a female.
- jongjong 4y ago
  On the plus side, you can probably save a lot of money on rent.
HPsquared 4y ago
White collar criminals usually have the proceeds seized by authorities.
- hgsgm 4y ago
  It depends on how much you hid with loyal friends, and how much you laundered.
- refurb 4y ago
  Exactly. Id love an example f a white collar criminal who stole $100M and the government pet them keep after conviction.
- alistairSH 4y ago
  Some of their fortunes. The Sacklers managed to stash billions away. And then have their company prosecuted and restructured instead of any personal liability. Pretty good gig, if you’re a sociopath.
jongjong 4y ago
If you want to hang around with intelligent people, why work for Big Tech from 9 to 5 when you can just go to jail and meet all the best and brightest?
PragmaticPulp 4y ago
> Few years of 24/7 prison or 30+ years of 9-5 prison? I have friends who work in the prison system (educational/reform domain). These comments from people casually comparing prison to their jobs are so out of touch it’s unbelievable. Even in the best of circumstances, losing a decade of your life to prison is devastating.

lordnacho 4y ago

Plus it's a non-violent crime, so maybe she won't be in a super high security prison. With a bit of good behavior I could imagine it being not really 11 years of being away from the family, especially if they can visit.

quietbritishjim 4y ago

> 11 years is a great deal if she gets to live in a mansion afterwards. I guess that's a matter of opinion. I'm happy to work till retirement in a modest house if it means I don't spend any time in prison. Even 1 year in prison doesn't seem worth it for the mansion retirement package. (1 month is borderline for me.)

jeltz 4y ago
Yeah, I think I could even do 1 year but 11 years is way too much. The idea of living in a mansion is not worth losing that much of my life.
lelanthran 4y ago
> I guess that's a matter of opinion. I'm happy to work till retirement in a modest house if it means I don't spend any time in prison. It's a matter of perspective. Say you're age 38 (the age that EH was when she was convicted) with no children (she had no children at the time). You are going to spend the clear majority of your waking time (%75+) over the next 27 years confined to working, with the remaining 25% or less actually enjoying your freedom (holiday/vacations away, social visits, recreation, etc) before finally retiring. In effect you'll be enjoying not more than 6.75 years, awake, of freedom before retirement. Or, you could spend 100% of your next 11 years confined, and have the next 16 years after confinement, awake, of freedom. You'll still be under 50 when released, so lots of options to enjoy that freedom. I can see why some people will find the second option attractive. Personally, right now it's not for me (I have children I want to enjoy while they are growing), but I feel certain that if I did NOT have children, or a close romantic relationship which I wish to maintain, I'd much prefer the second option. The sooner I can stop working, the better my life and my voluntary contributions to humanity. I can't very well explore deep questions or meaningfully make my mark on the world if I'm stuck in a cubicle for more than 3/4 of my awake time.
- jeltz 4y ago
  I am her age, with no children and single and there is no way I would give up my years between 40 and 50 for more not having to work between 50 and 65. That trade is just a bad deal since you can never predict what your health will be, especially after having spent 11 years locked up. We only have one life and we do not know when it may end. Just think of all the meaningful friendships you will lose both due to being away and from the crime.

sandworm101 4y ago

>> Why did I waste my career being honest? That is an interesting outcome of our current wealth inequalities. The amount of money raked in by top earners is so high that it is well worth the risk of a jail term. Most people (ie poor people) would probably happily serve a 10-year jail term if, after that, they had a few million dollars in the bank. Even more so as few fraudsters are ever caught yet alone jailed. It is a rational choice. Our current system of punishments is not adapted to dissuade wrongdoing in the face of such wealth. And that's just the official system. The unofficial systems such as the inability of convicted felons to get jobs also fail when dealing with rich people. A poor convict will have trouble renting an apartment or getting a loan. Marth Stewart won't ever suffer from being a convicted felon. She will never apply for a job nor have to "rent" an apartment. A hundred years ago she would have been an outcast from high society. No bank would want to give her an account. Not today. Money cures all.

PragmaticPulp 4y ago
> Most people (ie poor people) would probably happily serve a 10-year jail term if, after that, they had a few million dollars in the bank. I don’t think this is true at all. 10 years of your life is a huge sacrifice, especially in your prime years. Even among criminals it’s common to abandon everything if it means a chance at avoiding prison. People would rather live on the run and start their lives over under a new identity than go to prison. I don’t understand these commands suggesting that a decade of prison is a good trade for a few million. Coming out in your 40s or 50s having missed out on your kids’ childhood, lost your social connections, and having no career or experience to point to is devastating. It’s weird to see people look at this and think it’s some sort of good deal.
- orwin 4y ago
  Depends on your age. At 50 with two adults kids w/o real prospects?
hotpotamus 4y ago
I mean, working most jobs is an exchange of your time and to a (admittedly very small) extent your freedom in the hopes that some day you'll obtain enough to retire, right? Of course, that's assuming you can navigate the vicissitudes of the labor market; there's no real guarantee. This whole conversation seems like a slightly advanced game of the old playground favorite, "would you rather?", and I can say that given the right parameters, I would gladly spend some time in prison for the right payout.

hayd 4y ago

Can he protect himself from civil actions against her? ...I guess even if he could, presumably, he can't against her future endeavours!

hardware2win 4y ago

Dont you find bilion dollar level white collar crime evil witch slightly attractive?

hgsgm 4y ago
He's a trust fund kid like she is. The world is just fun and games to them.

ModernMech 4y ago

Do you think Elizabeth Holmes is as happy person? I don't get that impression, and I don't think she will ever be. She will always be a liar, a criminal, and a fraud.

hgsgm 4y ago
> , a criminal, and a fraud. Are not reasons to be unhappy. Some people, maybe most, enjoy the perks of being rich and powerful on unearned wealth. She's temporarily indisposed.
- ModernMech 4y ago
  Such people are narcissists of the first degree, the most terminally unhappy people alive.

PragmaticPulp 4y ago

> 11 years is a great deal if she gets to live in a mansion afterwards. Why did I waste my career being honest? If you think you’d want to sacrifice 11 of your prime years to prison in exchange for living in a mansion, you probably haven’t comprehended the realities of going to prison. Losing over a decade of your life is devastating.

josefx 4y ago

You probably weren't born into a rich dynasty of successful frauds, so blame your parents for being honest, hard working and relatively poor people.

ur-whale 4y ago

I'm going to get downvoted for being captain obvious here and also maybe because the OP is clearly sarcasm, but still can't help it ... : >Why did I waste my career being honest? Because living and ethical life is a worthy goal in and of itself, and likely a much better one (as in : in a purely utilitarian framework, simply more rewarding) than to shoot for piling up as much money as possible? I know, in Usistan, this idea contradicts the whole societal ethos to the point that it's hard to understand to most folks.

deleted 4y ago

[deleted]