The need and want of a successful woman in the STEM field aided this massive con.
Elizabeth Holmes, founder and head of the startup blood testing firm Theranos, has been handed a huge fine and penalties from the Securities and Exchange Commission for a $700 million con job on investors. Once the toast of silicon valley, Forbes once dubbed her the richest self made female billionaire worth $4.5 billion. Her firm attracted venture capital from such well-known names as Rupert Murdoch, Larry Ellison and Betsy DeVos. Holmes’ empire began unraveling after the Wall Street Journal challenged the accuracy of the firm’s blood testing technology. More
Those that threw money at Theranos should have known better. They’re supposed to be smart, savvy, sophisticated investors, but Holmes’ STEM success story was irresistible to those wanting her story to be true. More
unmitigated gall
A tool and their money are soon parted.
#metoo!
There are lots of smart women out there. Including in STEM type careers. The problem is not all of them are camera ready so they don’t get the publicity.
Another big Democrat money donor bites the dust?
“billionaire ”
“She agreed to pay a $500,000 penalty, be barred from serving as an officer or director of a public company for 10 years, return the remaining 18.9 million shares that she obtained during the fraud, and relinquish her voting control of Theranos”
My guess is that she’s still further ahead than I ever got in a 30+ year STEM career. Not sure about the S, T, and E, but she can do math, it seems.
You misogynists just refuse to admit that a woman can grift as well as a man.
And does it really surprise anyone that she was boning her boss at the time too?
There’s an element of her investors getting what they deserved here. Hopefully all the venture capitalist will learn from this painful lesson.
The FEC is limited in the punishments they can hand out, hopefully there will be state and federal fraud charges so Holmes can get the same change of scenery Martha Stewart got to enjoy.
There are, indeed, many women in STEM fields, but they are and will remain proportionally fewer than men because men’s and women’s brains are simply wired differently. A biological fact that all the feminists can’t seem to accept. Probably because biology falls under the “S” in STEM.
Karl Denninger has a short write-up on this story:
http://market-ticker.org/akcs-www?post=233120
Worth a visit.
She should be in jail.
Exactly the same kind of pass Obama was given for 8 years and counting.
Yeah some are good but a lot of them are not and have been promoted over more qualified white men bc sjw and social “justice”. Engineer girl girl power oops sorry about that bridge that fell on your head
I heard a short vid clip from this lying manipulating criminal psychopath. “Stanford”… “Stanford” … “Stanford”.. and last but not least “Stanford”
I used to marvel at the way young, female engineers responded when I’d teach them basic knowledge about chemical processes. I’m talking about things that every boy learned from his father when he was a kid. They were simply amazed but never admitted that they knew less than they should have after getting a degree.
@Tony R March 16, 2018 at 4:04 pm
> There are, indeed, many women in STEM fields, but they are and will remain proportionally fewer than men because men’s and women’s brains are simply wired differently.
They only remain fewer while HR is run by misogynists. Or doesn’t exist, at all.
There is not a HR department anywhere that is run by “misogynists”. Quite the opposite!