3 ms·

Theranos fraudster Elizabeth Holmes says she cannot afford to pay back victims

• ZoomStop 3y ago
  Sorry can't cover $250/mo for 150k years. Can we stretch this out a bit and do $75/mo for 500k years?
• CharleFKane 3y ago
  In other news, I hear that IBM is making excellent progress on quantum level violins.
• eva_cananim 3y ago
  I reckon that it is about 98% likely that she was so delusional and overconfident that she really thought it would all work out and she was not planning to flee the USA with a big pile of money. My guess is that most of the investors money was spent by the Theranos company. Holmes got about $2 millon in total salary as CEO. She got $25 million using promissory notes, which I think means a personal loan secured on her company stock. She has paid back zero dollars of that. She never sold any of her shares. It is plausible to me that after living a wealthy CEO lifestyle, asset seizures, and paying lawyers she does not have much money or assets left.
• DeathFindsAWay 3y ago
  [dead]