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.
Harbor.im is a California “retreat” for rich people to escape the coronavirus pandemic. Ride out the crisis while enjoying daily yoga and breathwork, pool parties and COVID-19 testing “when available” in a beautiful west-coast locale! Get “the most fulfilling experience” of the pandemic without getting closer than 6ft to another human being! Shared rooms start […]
I don’t know why I made this.
KFC closed its restaurants to all but drive-through customers and deliveries days ago. According to this video, however, the company is quietly ordering managers to keep lobbies open to serve walk-in takeout customers. I’ve come up with this plan to protect my employees because they’re trying to force us to open the lobby again. Looks […]
These toys and games can keep the kids busy while you’re all trapped inside. As rough as all this time cooped up inside the house is on us adults, it’s even worse for kids. All that borderline maniacal energy along with an unquenchable thirst for stimulation and attention make home sequestration like a life sentence […]
Python is everywhere. Just look under the hood of virtually every major tech player of the 21st century and you’re likely to find a whole lot of Python-based coding language staring back at you. Case in point: Netflix. You may not know it, but from its security protocols to its much-hyped recommendations, it turns out […]
There are definite benefits to the whole work from home thing. The commute is a breeze. The dress code is supremely casual. And your boss has to work a lot harder to actually find you. Despite the joys, there are still some clear downsides to the whole home office thing as well. Job focus can […]