The game is up for folks who enjoy pointing out that Theranos founder Elizabeth Holmes (and company president Sunny Balwani) inexplicably escaped serious consequences for the company's billion-dollar blood test hoax. They were charged with fraud today by the Feds.
Both Holmes, who stepped down as CEO of the financially crippled company earlier Friday, and Balwani appeared in U.S. District Court in San Jose, Calif., for arraignment on two counts of conspiracy to commit wire fraud and nine counts of wire fraud.
Both Holmes and Balwani, who surrendered Friday to the FBI, were released on $500,000 bond each and ordered to surrender their passports at the arraignment, which was attended by Holmes
Theranos's blood-testing machines never amounted to much more than hacky prototypes, but the company faked its way to a $9bn valuation by secretly using competitors' traditional technology while keeping employees shushed with a threatening, cultlike corporate culture. CNBC says "Holmes and Balwani face up to 20 years in prison if convicted" but doesn't suggest likely sentencing.
Rossi Lorathio Adams II, a social media “influencer”, built a brand around “State Snaps.” Telling people to “Do it for State” became a catchphrase in the comments. The owner of doitforstate.com was not interested in selling the domain, however, so Adams sent his cousin to force the owner to transfer the domain at gunpoint. The […]
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The Google Cemetery is an online collection of the useful stuff Google has made (or replicated) and then destroyed. An elegy to things we should never have given over to it in the first place, a lament for the lessons never learned.
Seasoned chefs have a bit of a love-hate relationship with their cutlery. A really good set of knives has to prove its worth by being put through the wringer – and if they’re really good, they’ll still look great afterward. So it is with the Damasukasu Japanese 3-Piece Master Chef Hanshu Knife Set. Sitting in […]
With the intuitive software out there today, anyone can become a music producer. You’ve probably heard that from any number of laptop impresarios, but you still have to know how to use the tools – and Logic Pro X is one of the best platforms out there right now. In order to get the most […]
Believe it or not, PDF files have been the go-to format for contracts and forms of any type since 1993. And sure, they’re easily shareable – but that’s about it. When you need to edit or sign a document – and you will – that’s when frustration can set in. Luckily, there are workarounds, and […]