Going against your power family takes some balls. For a son of a privileged family, Tyler’s courage to speak out against in the name of what is right is really impressive. Integrity is a rare quality that I hope carries him for his life... it’s clearly something he didn’t inherit from his grandfather
I heard she made a settlement where she pays a half-million dollar fine and agrees not to head another company for 10 years. She should definitely be in jail!
I worked for this company for 2 years and ended up jobless after all the deception this company had...I had a bad feeling from the start because we were all sworn to such secrecy to the point I felt my lively hood was threatened...I’m still trying to financially recover from all this! 😔
But if you we're doing lab work or what not, you should be fine... you weren't part of the fraud, you were the victim of it. And the rest of the 800 workers at its peak. I still don't understand why they couldn't be honest and say its not yet worked out that we have such a system, but we're gaining here and here. Just weird. And sucks for all the workers, and some tests were extremely wrong, so for customers on certain tests too.
I have worked for decades in Silicon Valley, live a few miles from the (ex) Theranos headquarters in Palo Alto, have dined or had coffee in the restaurants mentioned in "Bad blood," and just last night drove past the nearby home of Ian Gibbons, the ex-Chief Scientist of the company, who, under extraordinary strain between his scientific expertise and integrity on the one hand, and the public pronouncements of his company on the other, tragically committed suicide in 2016. There are several heroes in this story (alas, too few of them), but the courage, integrity, and perseverance of Tyler Schultz is exemplary. He could have walked away, and with his Stanford degree and sterling family pedigree walked into great jobs and have a fulfilling career, but he did the right thing and spoke truth to power. We are all-especially those who would have been harmed by the flawed blood tests from Theranos-in his deep debt.
Tyler Schultz doesn't openly acknowledge this, but having a family worth billions of dollars is a positive incentive. Many of the others were afraid of losing their livelihoods and their reputations.
@@monkmchorning George Shultz's net worth was $10M at his death-not "billions." Moreover, plenty of wealthy folk are scared to "rock the boat" by making accusations, some of which could be classified as libel. Yes, having wealth meant that Tyler could afford the $400k in legal expenses he incurred, but I still give him immense credit.
@@davidstork5604 Thanks for the correction. I do give Tyler credit. I brought up the family's money more to defend the employees who didn't speak up. Most of us will never see $400k in our entire lifetimes, let alone being at liberty to spend that much defending ourselves against a NDA.
It is common sense. The core concept itself is flawed. Blood is colloid (random mixture of liquids and particles). The accuracy of its composition depends on the amount of sample it is tested upon since the mixture wont be homogeneous everywhere. It is basic statistics that to increase accuracy you increase the sample of your experiment so that the average value nears the exact value. Its like sampling only 10 random people from the population of 7 billion to find the different composition of skin colour. I am not a doctor but i dont understand how none of the investors questioned this.. Technology is not magic
most laypeople don't understand basic science and think technology *is* magic. for example, politicians want tech companies to put backdoors in their encryption that the government can access but is completely safe from criminals. despite the fact that the entire computing industry is telling them that that's fundamentally impossible, they push for it anyway, with one politicians even saying "of course it's possible, you just need to figure it out" as if being smart and good with computers makes you able to contradict fundamental mathematics.
I can understand the ignorance of politicians but these were veteran silicon valley investors. How they were fooled so easily is above my understanding..
+Karthik Mahesh Most tech investors don't have medical/healthcare expertise. Investors lose money regularly -- especially when greed and FOMO kick in. The successful investors make more than they lose, however.
there is the fact some of the tests require a high amount of blood due to sensitvity of the test. One of her professors told her several test were not possible on the that amount of blood and it was not like PCR where the target could be amplified... He remembers her ignoring her even though he was an expert in that field .
They're just clueless. Most or all of their board members don't have any medical background. They're in for money. Lack of trials for medical devices are running rampants in USA for example Essure which should be able to sterilize females but ends up making them in cruciating pain for lifetime.
I agree,Mr.Schultz' grandson IS a Decent,Honest person! I applaud his courage in letting the appropriate authorities be aware of Ms.Holmes medical/ financial fraud!! Who does,Ms.Holmes,think she IS??
Yes, people should read Carreyrou's book Bad Blood. He notes that the heroes in the book area the people who risked their careers and the threat of lawsuits from one of the biggest, most successful law firms in the US (David Boies) and Theranos to tell him what they knew. And he specifically cited Tyler Shultz, who suffered both stress from a threat of lawsuit for something like 2 years and estrangement from his family for being a whistleblower.
She doesn't even know who she is lmao from her Steve Jobs turtle necks and fake voice and crazy eyes she read from a. Book prob . Talk about a identity crisis
The main reason this company and Elizabeth Holmes initial success was because of the Media. And their obsession to find a Female Silicon Valley Star. They were the ones who hyped this person/company up.
@@ZENSIBLE ? No a female because if the idea actually worked it would be revolutionary and she had a lot of backing so she looks legit so there was no “privilege” put into play.
Just read Bad Blood. I was shaking while reading the very disturbing details. I must pay my tribute to Tyler for being firm to stand against his grandfather and other so called think tanks. Can’t believe George Shultz threw him under bus despite all these revelations. He should be proud of having an honest and dedicated grandson.
The grandson has more brains and balls than the former Sec of State. Think of this episode when some genius at the state department or the DoD floats a STUPID idea.
The board was a who's who of terrible people, none of which were in science or medicine. Yet the media never questioned that this was the best medical company of all time. Jesus.
What on earth does Ms.Holmes " need" bullet proof windows in her office for- is she that" paranoid " that someone will harm her in her office? What " kind" of company does she run,to have that type of defensive atmosphere?
It made her feel and look important. In the book by John Carreyrou about the Theranos scandal, which I highly recommend, there is an anecdote about her meeting with Rupert Murdoch. She showed up with 20 bodyguards. Murdoch was confused because, despite being richer and more famous, Murdoch only traveled with one bodyguard. He asked her why she had so many bodyguards, and she told him that the Theranos board insisted on it, which was a total lie. By the way, Murdoch has a kind of bad reputation, not entirely undeserved, but I'm impressed with how he handled the Theranos case. He was the single largest individual investor in Theranos. He also owned the Wall Street Journal. Holmes asked him several times to prevent the Journal from publishing their investigation, but Murdoch refused despite the fact that the story would cause him to lose $125 million and look gullible. That's not much for a man that rich, but a lot of people probably would have killed the story in his position, if only to prevent the public from knowing how gullible they were.
I'm surprised that no one deduced that the machine didn't work immediately when she tried to deviate the clients away from the edison machine so that they could switch the samples to the standard siemens machines. It doesn't take Sherlock to figure this one out. Nor does it take a doctor.
Regarding Walgreens, all she had to do was show them the CVS execs waiting in the foyer. It's called FOMO, fear of missing out. She played that card very well.
From the show she always had a one up on ppl & ready ahead whem confronted or felt someone was getting in her way with questioning. She always seemed to find a way to shut them up!!
Yeah, you don't have to be a scientist or an MD to understand that. I understand that just from reading the bloodwork data on my cats. Well, my annual physical, too. In the book someone is tipped through a casual conversation with a nameless Siemens salesman. There were apparently no MDs employed by Theranos, as regular employees or as consultants. The scientists and engineers seemed mostly concerned with how the blood interacted with their devices rather than the validity of the tests themselves.
@@monkmchorning what is stunningly amazing about the saga of liz holmes is that it started as an idea that she knew absolutely 0 about as to weather it was possible or not. In other words a daydream. A flight of fancy.
@@johnwright291 People who don't have technical or scientific training don't understand the idea of physical limitations. We are brought up to believe, "If you can imagine it, you can make it happen." It's Disney thinking, really. Only it only works in the movies.
I find this both deeply disturbing and hilarious. Let me start with the hilarious part - hilarious, because all these rich, influential, powerful people were completely taken in by a con-artist largely because this con-artist was a woman. Disturbed because people did suffer from what she did and because so far she has gotten away with it. A $500k fine is nothing, being the profit she personally made - she should also be made to stand trial for her crimes.
@@JoeHeine I think CBS referred to this in a couple of shows. They held their hands up that they'd made a mistake, they apologized, they said 'we unwittingly played a part in this'.
If something" sounds too good to be true" it usually IS!! People,who are " overly greedy" tend to want to believe," the unbelievable" in life,especially if it pertains to money& power.
Tyler Schultz being such a good egg in spite of his granddad not supporting him hopefully is a sign of a better generation in this case. Glad to see his granddad finally came around. Goes to show the power of a market and people manipulator like Holmes.
Bewitched old white men - Secret to blue-eyed, blonde-haired Elizabeth Holmes’ success. Kudos to this young man. His famous rich grandfather was one of those bewitched people who refused to listen to him. The grandfather’s words about Tyler’s courage after everything was exposed is nothing more than shallow cover up of his own failing.
The big take away is that black markets will proliferate if regulations are onerous. Eric Gardner was wrongly killed by agents of the state enforcing a stupid regulation aimed at taxing cigarettes. A tragedy.
On a charge of suspected tax evasion. Imagine what Wall Street would look like if the police showed up one day and strangled all the tax dodging suspects with their billy clubs.
this interviewer spoke to her years ago with stars in her eyes so gullibility excited about this idea....be careful media - lesson to TV exec everywhere- IF it seems to good to be true..... just bc she has big blue eyes and a strong voice--- caution
why did ONLY ONE person blow the whistle on the nonsense? ... some employees need to be arrested also ... messing with people's health and the FDA, is serious stuff, why would anyone keep quiet about that??
The criminal investigation is not yet finished. There will be a hearing soon. What was settled was the civilian lawsuit. You don't go to jail for a civilian lawsuit. She'll be jailed soon once the criminal investigation is ready to bring their evidence to court.
Don't hold your breath on that one. All the people who were her greatest boosters (e.g. George Schultz, Bill and Hillary Clinton) are now all of a sudden claiming they don't even know her.
Science journalism tends to be harder than the regular sort, but I agree there was a massive deficiency in obtaining evidence here. Unforgiveable. I wonder if any journalists lost their jobs? I notice that her magazine appearances were things like Fortune, Forbes, T:The NewYork Times Style magazine, Inc, etc., (i.e. focussing on the fame, her wealth, her cachet in being a female CEO, and the IDEAS but not the details of the process) so I wonder if they managed to avoid in-depth reporting from real science publications?
Ever heard of Harry Markopolous? It took over EIGHT years to finally convince the SEC that Bernie Madoff's investment house was a Ponzi scheme. Eight years! After receiving detailed reports from a Mr. Markopolous, a bright quantitative analyst that handed the SEC the entire scam on a silver platter. The Theranos scam pales by comparsison, but no less compelling a story of fraud, deceit, graft, intimidation and downright insanity. All so Elizabeth could be rich!
It seems a lot of the ligitation against this company is tort, not criminal, that is probably why. I really don't see how she could get tried in criminal court unless a good fraud case is made.
I’m shocked that anyone would wanna work there knowing that patients are getting wrong test results. Can you imagine how many people died because of this? Employees who knew are just as guilty as Elizabeth.
People keep reiterating how great of an idea she had. So what? She wasn't the first person to have the idea and a great idea is worthless without concrete execution that isn't based on FRAUD.
How come when someone committed fraud against me and stole my identity and ruined my credit there’s no justice. They nearly laughed me out of the police station. How come it only matters when rich people get stolen from and made to look stupid.
Ruben Change According to the Wall Street Journal, despite making a statement praising his grandson's character, George Shultz continues to side with Theranos in private. For his 95th birthday, he invited Elizabeth Holmes but didn't invite his own grandson! Tyler and his grandfather now only talk through lawyers, and Tyler has had to spend $400,000 on legal fees. Thankfully Tyler's parents (George's son and daughter in law) have supported Tyler. They even mortgaged their home to pay for the legal fees.
The man pulling the strings probably helped cover all that. You've read the book? - you know who the true villain is in this story. A cursory search on google and there you have it.
kudos to CBS to be the only media outlet to admit that they bought the lies rather than acting like they never heard of her until after the scandal had broken.
If not for this brave young man, the ponzi scheme would still be going on today, probably until they actually figured out how to test a drop of blood. lol.
Being a Democrat fundraiser probably helped her stay out of jail for years. Kudos to this young man for stepping up and speaking up. That had to take a lot of courage.
I am proud of this young white woman for using her whiteness the way the system was designed for it to be used. No other creature is more loved, valued, and believed than a “pretty” white women. Lean in Liz!!!!
had nothing to do with her being white lol. how did she use her whiteness? please give specific examples because your statement is so vague and weirdly bitter. yes the press went easy on her for being a women and this prevented a lot of investigation when she went more public because everyone just wanted her to succeed soooo badddd. and nobody with any sense of aesthetics thinks she looks pretty....
Abraham Anand He's not the only whistle-blower. When Theranos' lead scientist Ian Gibbons killed himself his wife Rochelle was one of the people who came out to the public and told the media about her husbands fears that the technology was a fraud. This has nothing to do with male or female. Fraud is fraud. One way or another someone was going to blow the whistle regardless of who was the perpetrator of the fraud.
Rockart9 his wife didn't whistle blow because she didn't have any information. She contacted the police because the company showed up and started confiscating all his stuff from their house RIGHT AFTER he committed suicide. While that did raise flags with government, that's not the same thing as whistle blowing. I may be totally ignorant to some bit of news about the wife, but I'm fairly certain my recollection about her was accurate.
I mean could it also be that it was all brought down because she wanted to cut the spendings in half making it cheaper in the end and the government wouldn’t allow this since they’d be losing money? Just a hypothesis
Abraham Anand well majority of white collar criminals are men. Your masculinity must be so fragile that you are happy a woman was brought down by a man. Even if Elizabeth was a man, she would still be brought to justice because fraud is fraud. You are a sad pathetic man, Abraham.
None of her products had FDA approvals which were giant red flags She marketed them like iphones Now u can take a phone talk touch use it to know it works or not but how cant you tell if the machine is reliable Thats why fda approval is necessary
Going against your power family takes some balls. For a son of a privileged family, Tyler’s courage to speak out against in the name of what is right is really impressive. Integrity is a rare quality that I hope carries him for his life... it’s clearly something he didn’t inherit from his grandfather
It helped that his parents believed in him and were able to help with his legal bills. But yes, Tyler's role was admirable.
Hard to believe no one is in jail.
Well $$ talks...
Only a matter of time..
I heard she made a settlement where she pays a half-million dollar fine and agrees not to head another company for 10 years. She should definitely be in jail!
jail is only for men
They put Martha Stewart in jail, and this woman did much worse I think.
Tyler is a very good man, moral and virtuous. I wish him the best in life, he deserves it.
And cute. Don't forget cute
His Grandfather could’ve learned something about courage and ethics from this kid
Right?! He sounds like he was a psychopath like Elizabeth.
I worked for this company for 2 years and ended up jobless after all the deception this company had...I had a bad feeling from the start because we were all sworn to such secrecy to the point I felt my lively hood was threatened...I’m still trying to financially recover from all this! 😔
Hey Bridget,
Hope things get better for you.
For real ??? Well at least they can't call there as a reference. Maybe start your own business. No salary cap like a regular job. All the best
gurl write a book.
But if you we're doing lab work or what not, you should be fine... you weren't part of the fraud, you were the victim of it. And the rest of the 800 workers at its peak.
I still don't understand why they couldn't be honest and say its not yet worked out that we have such a system, but we're gaining here and here. Just weird. And sucks for all the workers, and some tests were extremely wrong, so for customers on certain tests too.
McDonald's is hiring.
George Schulz praised his grandson for all the qualities he himself completely lacked while being on the board of Theranos.
So she started at age 20 and caught at 35? How could this last that long? How long was her product out there being used? We need a complete report.
Se got caught more than 10 years after she started the company, she knew how to play them
Read John Carryrou's "Bad Blood" he tells the whole story
I have worked for decades in Silicon Valley, live a few miles from the (ex) Theranos headquarters in Palo Alto, have dined or had coffee in the restaurants mentioned in "Bad blood," and just last night drove past the nearby home of Ian Gibbons, the ex-Chief Scientist of the company, who, under extraordinary strain between his scientific expertise and integrity on the one hand, and the public pronouncements of his company on the other, tragically committed suicide in 2016. There are several heroes in this story (alas, too few of them), but the courage, integrity, and perseverance of Tyler Schultz is exemplary. He could have walked away, and with his Stanford degree and sterling family pedigree walked into great jobs and have a fulfilling career, but he did the right thing and spoke truth to power. We are all-especially those who would have been harmed by the flawed blood tests from Theranos-in his deep debt.
Tyler Shultz is a DEAL American hero.
LOL you are funny
Tyler Schultz doesn't openly acknowledge this, but having a family worth billions of dollars is a positive incentive. Many of the others were afraid of losing their livelihoods and their reputations.
@@monkmchorning George Shultz's net worth was $10M at his death-not "billions." Moreover, plenty of wealthy folk are scared to "rock the boat" by making accusations, some of which could be classified as libel. Yes, having wealth meant that Tyler could afford the $400k in legal expenses he incurred, but I still give him immense credit.
@@davidstork5604 Thanks for the correction. I do give Tyler credit. I brought up the family's money more to defend the employees who didn't speak up. Most of us will never see $400k in our entire lifetimes, let alone being at liberty to spend that much defending ourselves against a NDA.
It is common sense. The core concept itself is flawed. Blood is colloid (random mixture of liquids and particles). The accuracy of its composition depends on the amount of sample it is tested upon since the mixture wont be homogeneous everywhere. It is basic statistics that to increase accuracy you increase the sample of your experiment so that the average value nears the exact value.
Its like sampling only 10 random people from the population of 7 billion to find the different composition of skin colour.
I am not a doctor but i dont understand how none of the investors questioned this.. Technology is not magic
most laypeople don't understand basic science and think technology *is* magic. for example, politicians want tech companies to put backdoors in their encryption that the government can access but is completely safe from criminals. despite the fact that the entire computing industry is telling them that that's fundamentally impossible, they push for it anyway, with one politicians even saying "of course it's possible, you just need to figure it out" as if being smart and good with computers makes you able to contradict fundamental mathematics.
I can understand the ignorance of politicians but these were veteran silicon valley investors. How they were fooled so easily is above my understanding..
+Karthik Mahesh Most tech investors don't have medical/healthcare expertise. Investors lose money regularly -- especially when greed and FOMO kick in. The successful investors make more than they lose, however.
there is the fact some of the tests require a high amount of blood due to sensitvity of the test. One of her professors told her several test were not possible on the that amount of blood and it was not like PCR where the target could be amplified... He remembers her ignoring her even though he was an expert in that field .
They're just clueless. Most or all of their board members don't have any medical background. They're in for money. Lack of trials for medical devices are running rampants in USA for example Essure which should be able to sterilize females but ends up making them in cruciating pain for lifetime.
I agree,Mr.Schultz' grandson IS a Decent,Honest person! I applaud his courage in letting the appropriate authorities be aware of Ms.Holmes medical/ financial fraud!! Who does,Ms.Holmes,think she IS??
Nancy Sanders I'm with you Nancy! I think that young man is a hero! ☺👍👏
Yes, people should read Carreyrou's book Bad Blood. He notes that the heroes in the book area the people who risked their careers and the threat of lawsuits from one of the biggest, most successful law firms in the US (David Boies) and Theranos to tell him what they knew. And he specifically cited Tyler Shultz, who suffered both stress from a threat of lawsuit for something like 2 years and estrangement from his family for being a whistleblower.
She doesn't even know who she is lmao from her Steve Jobs turtle necks and fake voice and crazy eyes she read from a. Book prob . Talk about a identity crisis
More job opportunity for Jennifer Lawrence!
I wonder how she is gonna do the voice....
LOL good call
how jennifer lawrence is going to imitate those big lifeless eyes
Amber Heard wouldve suited the role more imo
The idiot from Harry Potter would have a been a better fit.
Daniel Cardin
She turned out to be less a Steve Jobs and more of a bad Apple.
LOL!
What you did there, I see it.
Good one!
The main reason this company and Elizabeth Holmes initial success was because of the Media. And their obsession to find a Female Silicon Valley Star. They were the ones who hyped this person/company up.
I remember all the hype. And in the end it was all just a scam
@@ZENSIBLE ? No a female because if the idea actually worked it would be revolutionary and she had a lot of backing so she looks legit so there was no “privilege” put into play.
@@ZENSIBLE Seriously, your kind of ignorance is really getting old.
@@goodname9371 I have to agree thr media hyped her up. Don't think she would get all the funding if she was an ugly man.
The money started coming before the media hype. Then the two rather fed each other.
Just read Bad Blood. I was shaking while reading the very disturbing details. I must pay my tribute to Tyler for being firm to stand against his grandfather and other so called think tanks. Can’t believe George Shultz threw him under bus despite all these revelations. He should be proud of having an honest and dedicated grandson.
Right?! He should be proud, but he’s as bad as Elizabeth.
Tyler says they've reconciled.
@@monkmchorning no, they never reconciled. George died without ever apologizing to Tyler.
@@kenspov6103 Tyler being polite then.
Those of us in the industry knew she was full of BS on the technology end.
And did nothing?
xHenry3110 apparently, knew she was a fraud and kept it to themselves
xHenry3110 What is some researcher who doesn't even work for her company supposed to do? Make a citizen's arrest? Alert the media? LOL
I worked with people in Clinical laboratory and they would say all the time it was garbage what she could do with just a small vial of blood
And did NOTHING for 10 years!
When my test results came back stating that I was 9% Neanderthal, it helped explained a lot of things. I was thrilled.
Ug, too!
I CANT GET ENOUGH OF TYLER. DUDE DESERVES A COLD 🍺
Ms.Holmes needs to be in prison for being deceptive regarding people's healthcare!!
No, shes too beautiful. I say we put YOU in jail!
Isn’t that the whole premise of this?
Go to 7 Eleven and steal a Twinkie.. U will probably do more time for that than she will... 😂😂
Kudos to Tyler fort. Standing up for what was right regardless of the pressure you faced.
The grandson has more brains and balls than the former Sec of State. Think of this episode when some genius at the state department or the DoD floats a STUPID idea.
The board was a who's who of terrible people, none of which were in science or medicine. Yet the media never questioned that this was the best medical company of all time. Jesus.
@@HerveBoisde Only Frist came from medicine.
He's a smart young man. He will go far.
Thank god for this man of courage and integrity! The grandson that is his grandfather is a two faced weasel!
What on earth does Ms.Holmes " need" bullet proof windows in her office for- is she that" paranoid " that someone will harm her in her office? What " kind" of company does she run,to have that type of defensive atmosphere?
Nancy Sanders Psycho - it’s all to project an important image since it’s all a facade.
Maybe it is boasting right, creating an illusion of supreme importance
It made her feel and look important. In the book by John Carreyrou about the Theranos scandal, which I highly recommend, there is an anecdote about her meeting with Rupert Murdoch. She showed up with 20 bodyguards. Murdoch was confused because, despite being richer and more famous, Murdoch only traveled with one bodyguard. He asked her why she had so many bodyguards, and she told him that the Theranos board insisted on it, which was a total lie.
By the way, Murdoch has a kind of bad reputation, not entirely undeserved, but I'm impressed with how he handled the Theranos case. He was the single largest individual investor in Theranos. He also owned the Wall Street Journal. Holmes asked him several times to prevent the Journal from publishing their investigation, but Murdoch refused despite the fact that the story would cause him to lose $125 million and look gullible. That's not much for a man that rich, but a lot of people probably would have killed the story in his position, if only to prevent the public from knowing how gullible they were.
Once again, it was an illusion of importance, and image that was always a lie
Because ...when she first started out, she had an office in a shady area and a bullet just missed her, while she was in her car. Do your homework
She didn't just hire a lawyer, she hired THE lawyer.
you all should read the book Bad Blood. It is an amazing book that explained thoroughly about this matter. And it is absolutely INSANE
worse than martin shkreli in every sense, and no jail..... What a narcissist
Wolf of Wall Street got 10 years for 150 million in fraud. served I think 7 years...
Which is why she fit in so well out here.
So she gets nothing for defrauding her investors and customers?
Does not make sense.
@@rnegoro1 She hasn't had her day in court yet.
Worse...? I don't know...
Martin Shkreli got his Gold Boy Scout 'Evil CEO' badge too. Homes just managed to carry on for longer.
I'm surprised that no one deduced that the machine didn't work immediately when she tried to deviate the clients away from the edison machine so that they could switch the samples to the standard siemens machines. It doesn't take Sherlock to figure this one out. Nor does it take a doctor.
Regarding Walgreens, all she had to do was show them the CVS execs waiting in the foyer. It's called FOMO, fear of missing out. She played that card very well.
From the show she always had a one up on ppl & ready ahead whem confronted or felt someone was getting in her way with questioning. She always seemed to find a way to shut them up!!
Nice, proper Martha Steward received jail time for using a shady broker, and this sociopath, who actually harmed others, still is free.
Martha Stewart. her name is Martha Stewart.
@@nowvoyagerNE Right on! I didn't care about her until she started hangin' with Snoop Dogg!
@@a.wanderer5006 The prison experience seems to have given Martha a refreshingly fresh outlook.
Someone had to know that it was utterly impossible to do that with a drop of blood. A lot of people knew.
Yeah, you don't have to be a scientist or an MD to understand that. I understand that just from reading the bloodwork data on my cats. Well, my annual physical, too. In the book someone is tipped through a casual conversation with a nameless Siemens salesman.
There were apparently no MDs employed by Theranos, as regular employees or as consultants. The scientists and engineers seemed mostly concerned with how the blood interacted with their devices rather than the validity of the tests themselves.
@@monkmchorning what is stunningly amazing about the saga of liz holmes is that it started as an idea that she knew absolutely 0 about as to weather it was possible or not. In other words a daydream. A flight of fancy.
@@johnwright291 People who don't have technical or scientific training don't understand the idea of physical limitations. We are brought up to believe, "If you can imagine it, you can make it happen." It's Disney thinking, really. Only it only works in the movies.
I find this both deeply disturbing and hilarious.
Let me start with the hilarious part - hilarious, because all these rich, influential, powerful people were completely taken in by a con-artist largely because this con-artist was a woman.
Disturbed because people did suffer from what she did and because so far she has gotten away with it.
A $500k fine is nothing, being the profit she personally made - she should also be made to stand trial for her crimes.
How much of CBS itself to blame for echoing the false clams of Holmes and Theranos?
indviduation exactly. I love how the Mainstream media is now backstabbing this fraud after being responsible for building her up in the first place
Agreed!
@@JoeHeine YES!!!
@@JoeHeine I think CBS referred to this in a couple of shows. They held their hands up that they'd made a mistake, they apologized, they said 'we unwittingly played a part in this'.
If something" sounds too good to be true" it usually IS!! People,who are " overly greedy" tend to want to believe," the unbelievable" in life,especially if it pertains to money& power.
Tyler Schultz being such a good egg in spite of his granddad not supporting him hopefully is a sign of a better generation in this case. Glad to see his granddad finally came around. Goes to show the power of a market and people manipulator like Holmes.
Someone steals $2 pack of gum: jail
Holmes steals $900 million: no jail
Nobody died as a result. But some moderate jail time is appropriate in view of the fact that her company put lives in danger.
This guy saved many priceless and innocent lives!
Bewitched old white men - Secret to blue-eyed, blonde-haired Elizabeth Holmes’ success.
Kudos to this young man. His famous rich grandfather was one of those bewitched people who refused to listen to him. The grandfather’s words about Tyler’s courage after everything was exposed is nothing more than shallow cover up of his own failing.
I will wait for the movie version...
it'll only be a matter of time
Me 2
And your dream has come true
Her background says it all. No experience, means no experience. She couldn't hold a needle if one was given.
I find good hearted man like him to be extremely attractive. God bless him.
You know, I'm a God fearing, good-hearted Christian myself, and selfless too.
@@JamesBaxterAHorse good on you! 😂👍
It takes a lot to stand up to your own family. Tyler is a capeless hero. I’m sure he doesn’t comprehend just how many lives he saved.
She and Sunny need to go to jail. For a long time.
Kudos to Tyler and all the others who told the truth.
The important thing to know is Eric Garner was arrested and killed for selling single cigarettes.
That is a good point, and democrats say that poverty is the reason for crime!
The big take away is that black markets will proliferate if regulations are onerous. Eric Gardner was wrongly killed by agents of the state enforcing a stupid regulation aimed at taxing cigarettes. A tragedy.
Of course, he was cutting in the governments revenue steam.
He needlessly, physically, and stupidly resisted arrest. He killed himself.
On a charge of suspected tax evasion. Imagine what Wall Street would look like if the police showed up one day and strangled all the tax dodging suspects with their billy clubs.
"Well people thought this was a good idea, the problem is, it just never worked" lol. Such profound insight.
this interviewer spoke to her years ago with stars in her eyes so gullibility excited about this idea....be careful media - lesson to TV exec everywhere-
IF it seems to good to be true.....
just bc she has big blue eyes and a strong voice--- caution
Because she's a woman she won't serve a day in jail. That's justice in America
Success is short lived when it’s made in a short time.
Oh that's Tyler . Poor Tyler, he had a really tough time. Fair play to him for sticking to what's right.
He's landed on his feet. And then some. As he deserves.
One of the reasons how this could go on for so long is because people love success stories esp ones that came from people with her background
First they ignore you, then they laugh at you, then they fight you, then you get convicted of 3 wire fraud felonies and go to prison.
She's as dangerous as they come and needs to spend a very long time in prison.
I appreciate this guy for bringing truth. Not a small thing.
0:10 oh now y’all refer to her a dropout. The same media that pretended she was a genius all these time
Tyler survived only because of his grandpa. Imagine a general employee did that, he would have disappeared by now
His grandpa didn't believe him for a few months.
Hard to believe ppl fell for this and invested in theranos. I imagine they are the same type of ppl that fall for the oil investing scams
why did ONLY ONE person blow the whistle on the nonsense? ... some employees need to be arrested also ... messing with people's health and the FDA, is serious stuff, why would anyone keep quiet about that??
Shkreli: rich white man, went to prison
Holmes: rich white woman, didn't go to prison
The criminal investigation is not yet finished. There will be a hearing soon. What was settled was the civilian lawsuit. You don't go to jail for a civilian lawsuit. She'll be jailed soon once the criminal investigation is ready to bring their evidence to court.
Dont forget Shkreli's investors that he defrauded actually made profits. She will get to walk away with a fortune after lying and screwing everyone.
Don't hold your breath on that one. All the people who were her greatest boosters (e.g. George Schultz, Bill and Hillary Clinton) are now all of a sudden claiming they don't even know her.
Tysons Accosta funny how you left out the real actual investors, Rupert Murdoch, Betsy Devos, James Mattis, all the trashy right wing garbage folks.
I said boosters, not investors please try to focus.
Lock this gal up.
"We bought into the theranos myth"....says a lot of your "journalism", doesn't it?
Science journalism tends to be harder than the regular sort, but I agree there was a massive deficiency in obtaining evidence here. Unforgiveable. I wonder if any journalists lost their jobs?
I notice that her magazine appearances were things like Fortune, Forbes, T:The NewYork Times Style magazine, Inc, etc., (i.e. focussing on the fame, her wealth, her cachet in being a female CEO, and the IDEAS but not the details of the process) so I wonder if they managed to avoid in-depth reporting from real science publications?
Her blood testing centers took a lot more blood than a pinprick. One little pinprick is NOT enough blood to do more than one test.
🙏🙅
IT TOOK 4 YEARS????
That was exactly my reaction after reading the book (Bad Blood).
Well people are stupid
Ever heard of Harry Markopolous?
It took over EIGHT years to finally convince the SEC that Bernie Madoff's investment house was a Ponzi scheme. Eight years! After receiving detailed reports from a Mr. Markopolous, a bright quantitative analyst that handed the SEC the entire scam on a silver platter.
The Theranos scam pales by comparsison, but no less compelling a story of fraud, deceit, graft, intimidation and downright insanity. All so Elizabeth could be rich!
Why did she require bulletproof windows and a security guard?
What a great man, respect
I love how Elizabeth avoided jail time because she's female.
alonzo slade i think it’s because she is white.
White women are the most privileged and most protected group in the US.
#me too
alonzo slade because all those male bankers ended up in jail 😂
It seems a lot of the ligitation against this company is tort, not criminal, that is probably why. I really don't see how she could get tried in criminal court unless a good fraud case is made.
I’m shocked that anyone would wanna work there knowing that patients are getting wrong test results. Can you imagine how many people died because of this? Employees who knew are just as guilty as Elizabeth.
What a cute and kind gentleman! Good genetucs at its best! Please have a lot of kids, just you can carry it forward!
Just absolute insanity
People keep reiterating how great of an idea she had. So what? She wasn't the first person to have the idea and a great idea is worthless without concrete execution that isn't based on FRAUD.
yeah, anyone can come up with an imaginative solution to a problem, the hard part is it actually being feasible.
How come when someone committed fraud against me and stole my identity and ruined my credit there’s no justice. They nearly laughed me out of the police station. How come it only matters when rich people get stolen from and made to look stupid.
How much money did they get?
She never blinks... Just like Darth Maul!
Drugs.
Henry Kissinger was on the board of both Theranos and Enron.
Still most think highly of him.
Blonde hair and blue eyes works every time in America.
haahah his grandfather must hate the kid now... I bet he had a lot of stock.
Ruben Change According to the Wall Street Journal, despite making a statement praising his grandson's character, George Shultz continues to side with Theranos in private. For his 95th birthday, he invited Elizabeth Holmes but didn't invite his own grandson! Tyler and his grandfather now only talk through lawyers, and Tyler has had to spend $400,000 on legal fees. Thankfully Tyler's parents (George's son and daughter in law) have supported Tyler. They even mortgaged their home to pay for the legal fees.
The man pulling the strings probably helped cover all that. You've read the book? - you know who the true villain is in this story. A cursory search on google and there you have it.
? Learn to write or get off the drugs
kudos to CBS to be the only media outlet to admit that they bought the lies rather than acting like they never heard of her until after the scandal had broken.
Everyone knows Thanos is the most powerful villain. He even steals money from the richest and smartest. Nobody can escape him.
Esquire But why did they give him all that money?
Fear of missing out is the reason they gave it to him. He needs gold for his glove, the Infinity Gauntlet. Next step, the stones.
HE IS ALSO SMART
I see what you did there... very clever.
How did nobody ask to see the item work?
Why does he looks like young Joey from friends ?
Oh ya...knicks rule...just put a jam jar in front...
Why is TH-cam not taking this down citing privacy concerns?
If not for this brave young man, the ponzi scheme would still be going on today, probably until they actually figured out how to test a drop of blood. lol.
Tyler Shultz is a hero. George Shultz is nothing but an old fool.
Agreed🌟🌟
This dude time traveled from 1992 to blow that whistle. And show his fresh cut. So fresh.
I told my cousin his idea of drive-through paternity tests might need a little rethinking....
Being a Democrat fundraiser probably helped her stay out of jail for years. Kudos to this young man for stepping up and speaking up. That had to take a lot of courage.
Tens of millions in the bank, and only a $500K bond! WTF
I am proud of this young white woman for using her whiteness the way the system was designed for it to be used. No other creature is more loved, valued, and believed than a “pretty” white women. Lean in Liz!!!!
had nothing to do with her being white lol. how did she use her whiteness? please give specific examples because your statement is so vague and weirdly bitter. yes the press went easy on her for being a women and this prevented a lot of investigation when she went more public because everyone just wanted her to succeed soooo badddd. and nobody with any sense of aesthetics thinks she looks pretty....
Say what you will about this hen, but can you belive the guy at 1:23 didn't hold the door for the woman coming up behind him?!
Wow a man brought her down. It feels so good to hear this. Don't underestimate men😊
Abraham Anand He's not the only whistle-blower. When Theranos' lead scientist Ian Gibbons killed himself his wife Rochelle was one of the people who came out to the public and told the media about her husbands fears that the technology was a fraud. This has nothing to do with male or female. Fraud is fraud. One way or another someone was going to blow the whistle regardless of who was the perpetrator of the fraud.
BenRoj the wife of a dead employee is not a whistle-blower.
justin g yes she is. A whistle-blower doesn't have to come within the company. She knew enough and was credible.
Rockart9 his wife didn't whistle blow because she didn't have any information. She contacted the police because the company showed up and started confiscating all his stuff from their house RIGHT AFTER he committed suicide. While that did raise flags with government, that's not the same thing as whistle blowing.
I may be totally ignorant to some bit of news about the wife, but I'm fairly certain my recollection about her was accurate.
You are just as bad as militant feminists types. Thia is not a gender thing. This is fraud and deception - pure and simple
Criminal charges are being brought against that woman.
He”s hot
yes i am
I am surprised. No one is in prison.
And you wanted more women in high tech. Tell us again how women are better?
God Bless You
I mean could it also be that it was all brought down because she wanted to cut the spendings in half making it cheaper in the end and the government wouldn’t allow this since they’d be losing money? Just a hypothesis
So happy a man brought her down. Women think they are so powerful. But all it takes is a man. One man
sounds like youre not getting any….
Yea you definitely need to get laid bro
Sounds like someone couldn't get a prom date.
Abraham Anand well majority of white collar criminals are men. Your masculinity must be so fragile that you are happy a woman was brought down by a man. Even if Elizabeth was a man, she would still be brought to justice because fraud is fraud. You are a sad pathetic man, Abraham.
you sound like a muslim guy who beats his wife
why do i feel this isn't really fraud. I think she ment to do well that's probably why she gets away with it
None of her products had FDA approvals which were giant red flags
She marketed them like iphones
Now u can take a phone talk touch use it to know it works or not but how cant you tell if the machine is reliable
Thats why fda approval is necessary
She could have fooled the whole world. She tried to charm everyone.
The biggest scam here is there are only 2:53 minutes of the video when the title clearly labeled 60 minutes.
Jail to her, sunny and her lawyer!!!
Thank u for standing up against the bully!
Black turtleneck and pants to be sold as Halloween costumes :)