Elizabeth Holmes SEC Deposition JULY 11, 2017 2 OF 4 redacted
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- เผยแพร่เมื่อ 6 ต.ค. 2024
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She was so primed to find investors and to create a retail footprint for Theranos; but she forgot about the part where you have to have an actual product to roll out first.
She was following the blueprint for Vaporware companies circa 1990 and found people who hadn't learned.
dude, that is nitpicking! haha
The scary thing is that a lot of startups work this way. They make big promises, and internally hope that they can be fulfilled. Holmes got in way too deep and didn’t know when to abandon the sham, before legal liabilities started to stack up.
@@400_billion_sunsyea she took the phrase “fake it, till you make it “ to another level
@@400_billion_suns therein lies the issue with having people on your board who are not cognizant of what the company is actually doing. I still cannot believe none of the Theranos board have been to trial or punished. They are indeed a bunch of untouchables apparently.
The amount of time she says I don’t know about shit she was supposed to know 😂 as the CEO 😂 John Carreyrou deserved a Pulitzer on this one.
"Rupert Murdoch is not an investor but appears on this list, why?"
Elizabeth: "Durrrrrrr....!"
I'm waiting for the part where they start asking if Pfizer endorses this. When the answer comes back 'no', they ask, "Well then why is their name and logo pasted proudly on your presentation?!"
I…I….I don’t know how they got there… I relied on my team….👁👁
@@PungiFungi
No joke. If a UFO landed on the front lawn 2 years ago Liz wouldn't remember.
@@Skank_and_Gutterboy she remember all the minutiae of something that happened a long time ago when it’s convenient for her.
@@PungiFungi
Exactly. She's the perfect corporate prostitute. Like on Seinfeld, she's The Sidler. When it's time to take credit and look good, she's right there front-and-center. When it's something bad, she's a wet noodle that won't be pinned down on anything. th-cam.com/video/hmpe-y7rAKI/w-d-xo.html
EXACTLY
One of the lawyers in this room needs to blow his nose. The nose whistling is way to distracting.
I thought that was me 😂
Omg. I thought the same. It is annoying!
ONGOSH I CAN HERE THAT AS WELL! Gross
Funny how when asked if she was involved in a specific decision, she hums and haws, yet to the followup question, was Balwani involved in those decisions, the answer is an immediate yes.
Ms Homes, let's go ahead use our real voice during this legal proceeding.
lol
SBM ENTERTAINMENT: Thank You for bringing this to us. 🤗
SBB* maybe drink a little less next time
Don't forget to thank SBB, too.
She's got that whole 'slightly detached from reality' billionaire vibe going on eh?
She thought she was Steve Jobs 😂
That STARE is sooo offensive, i have zero idea in how someone can invest in her let alone a bogus company.
It was like she was trying to control them with her stare.
Maybe that's why they are going so easy on her.
Her stare didn't work on another woman. Totally calculated by the prosecution.
Holmes took the stand in her own trial. A client taking the stand is risky and a desperate move. We don't know if it was her lawyers' idea or Holmes's but I think the reason they went with it is because they were hoping Holmes's manipulation would work on the jury. Thankfully it did not.
Her normal blinking rate is every 2 seconds when relaxed. When stressed out she goes not blinking ones for 8 even 13 seconds . Very economical answers are not characteristic of someone who wants eagerly to clear his her name and establish the truth.
Sorry to keep leaving multiple comments... but as I watch I'm just ASTOUNDED.... despite looking stupid and guilty as hell ... she (being a textbook narc) still truely believes she's the smartest person in the room!!!
You're all good, no worries.
This is the internet don't ever apologize for anything
Well, she did fool a lot huge silicon valley investors and even big retailers for more than a decade.
@@freyalove3831Bernie Madoff has entered the chat. He scammed investors out of tens of Billions for nearly 2 decades . She’s an amateur
Yeah it's easy to say she looks guilty since you know she is after the fact.
I NEVER believed her system could work.
She channeled Peter Gabriel quite often
"I don't remember,
I don't recall,
I got no memory of anything at all"
It amazes me how many times they let her get away with "I don't think so" to something so basic and important as "Did you ever enter into a partnership with Walmart?" How can she not know or not be sure?! That would've been among the biggest partnerships she could've ever made.
O hear ya, but what else can they do, though? It would be only a waste of time (thus money) asking the same question to hear the same answer? I wish she'd atleast relax her eyes & blink at a fairly normal rate. By now she's GOT to know how much it creeps us out. And that constant affirming head-bob thing. Pls do know I agree its FRUSTERATING. I mean she's either lying or showing what a woefully incompetent she is as to...like you pointed out...not know the answers to basic knowledge of her own company. In other words..her lies are making her look worse than what she probably realizes.
"The Behavior Panel" is very popular channel consisting of four HIGHLY educated & HIGHLY experienced Body Language experts. If you havent seen their take on her yet, I think you'd REALLY REALLY like/appreciate it. They're the one's who pointed out the head bob thing.
agreed, but they have her lying on record. They have documented proof and just use this to hang her.
No one has commented on the most intriguing part of this. Elizabeth's entire career was based on using her female leverage to get ahead. But the leverage was completely neutralized by this highly intelligent women questioning her. I firmly believe Elizabeth had never encountered a smarter more aggressive woman during her lifetime. She clearly isn't comfortable being drilled by another woman. I'm sure this was a calculated strategy and it was the beginning of the end for Elizabeth. I'm sure Elizabeth was screaming inside that another woman was squeezing her nuts. Easily this deposition is the first time Elizabeth has been on the defense of another woman.
In most office environments, men will not offer real criticism (constructive or otherwise) to women - They will just offer watered-down suggestions on small stuff not worded as a criticism.
Even her accountant who walked out on her was a woman.. she of course was first to identify the projections were not real
Why is it about women? You could say it's about DISC for instance. She doesn't have all the fact and detail focus. She's trying to get out of it but she can't. She can't put it off on other people when she was in charge no matter how she's like, "oh I'm such a D-based CEO!"
Uh, STEVE, I don’t find her gender to be the most intriguing aspect of this at all. Not even close.
Her voice has changed already between part 1 and part 2. Deepness is fading away !
yes clearly noticeable 1:05:30
*Blink!* For the love of the gods, Blink!
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187
😂😂
I can't remember means I'm taking the 5th because the true answer will incriminate me.
"We're trying to take a lab, and put it in a box". Sounds legit. Not like something a 14 year old would say.
Like her “Time Machine” she drew when she was 7…😂
She was 19 years old when she started this and the amount of investors who actually believed in her bullshit is absolutely astonishing.
Absolutely
One thing that never seems to get told is that she didn't get thrown initial investment money because her presentations all over town were wowing people. It happened because her daddy dug into his Enron-executive rolodex and started calling super-rich people to ask them to invest. These are the kind of people who make $80 million a year on their investments. With that kind of money coming in, throwing $5-$10 million at Theranos is no big deal and if you take a loss on it 8 years later, it's a tax write-off that actually works for you. That's why it kills me that she was found guilty of fraud against a bunch of super-rich old guys that are so loaded that they don't even miss the money at all but she was found not-guilty of hurting innocent medical patients. What a bunch of jackals that jury is, I hope they realize this and feel like crap about it. I say shove them in front of a camera and make them explain it.
Can you imagine if she didn't get found out and managed to spread her bulls*** around during the Covid Era?
"Why don't you speak in your normal voice?" "Do you like small cozy rooms?"
1:10:02 when she answers this question she has revealed subconsciously she is performing her role in talking with a prospective investor. "That's a great question" comes out as an uncontrolled reflex filler but somewhat muted as if she knows it's not suitable in the context of the situation. At 1:21:20 the discussion of the "null protocols" begins. I am certain Holmes knows right there Theranos has been found out but she invents a fantasy that it's about a QC procedure. It's significant that her counsel jumps in to try to help her out. Her telling answer was in replying that if a machine was programmed to give a result it would give a result. My take is that if it had null protocols, it was indeed programmed to look as if it were fully functional but in fact it wasn't.
Her business model for both phase 1 and 2 keeps changing 😂
“Ms. Holmes, what happened to you? You looked better-put-together at all those White House parties-to which us law-abiding citizens would never be invited to.
54:20 This explanation for Theranos machines only needing small volumes of blood while many conventional tests require larger volumes of blood is complete and utter BS. Ask any competent health practitioner. If that was the case, it would've been designed into testing machines long ago. She's not calling people currently in the industry haters who fear technology and change but I'm sure she'll get to that.
If she says "engage" one more time I'm going scream.
And “ in the context”
This woman is so full of herself. She is so proud of the lies she told.
10 years for stealing 700 million dollars seems pretty light to me.
Just a meandering word salad one after another. This corporate bs is how too many people actually talk to each other as they try to bs each other. If the lawyers have to constantly ask her what she meant and her answers were just as confusing....it shows she was just a born fantasist and narcissist.
I thought that nose whistling was me 😂
9:45 This is where she starts getting rattled. You can tell because she breaks character and starts blinking like a set of disco lights.
She went 8 hours without blinking so I don’t know which is more disturbing.
The 28th of April can’t come fast enough. She deserves to be under the prison
I heard it’s April 27. But she will put in a last minute appeal like Balwani did which may get her another month.
Couldn’t agree more
Thats's the eyes of a psychopath. You can tell she believes she can get away with it.
22:07 The voice change is very remarkable.
Yo well spotted. This deserves to be clipped and shared.
yes and changes straight back after seconds th-cam.com/video/sSraZSYQ3pQ/w-d-xo.html
This case is a great example of the glaring disparity in sentencing. She got 11 years at a minimum security playground, and is estimated to only actually serve 9 before she is released. The crimes she committed are very serious, historically large thefts and fraud. I work for a law office and we routinely have clients serving 5-6 years for beating someone up, or violating parole for a drug charge... but putting my subjective experience aside, a quick search of cases shows *the same court* that sentenced Holmes gives out sentences like 3 years for motor vehicle theft... Not that I am minimizing gta, but I would say stealing a car worth $20,000 - $40,000 is not nearly a fourth as serious as defrauding people out of $800,000,000
I bet you she only married that poor young fool so that she could have a nice cushy life when she gets out of prison.
She gives off "shower twice a week" vibes ...
Thankyou for your time
This is where you see that she spent most of her time planning her next vacation and having her giant fishbowl office decorated. She had the title CEO but she was really just the salesman. Sunny ran everything, she just wandered around, tried to look busy, and cracked the whip when something came up.
@@Skank_and_Gutterboy …..and danced to MC Hammer at the office….humiliating white women around the globe for eternity.
She may have a evolutionary and noble idea initially like Steve Jobs did with iphone but the technology is not there to support the prototype. She genuinely must have thought that his idea would work which could help people and reduce diagnostic costs.
Her main fault is not being honest to shareholders early on about the failures of her experiment.
Not just the technology. You can’t put pathology and chemistry of medical testing of complex medical issues in a desktop. It’s just not possible. There’s a reason why those Siemens machines are huge AF. Clunky AF. Anyone who has operated in a testing lab would tell you the protocols are complex.
Ms. Holmes knew the Edison and the mini lab would not work correctly to read a long list of diseases. As far as I understand, it worked for one disease Herpes II.
Her eyeballs looks like they are about to explode 😂
ELIZABETH HOLMES:
More proof that HIGH I.Q. is NOT synonymous with WISDOM.
(No more so than "pledge" & "donated").
The difference in how she looks between 2 and 3 is hilarious. Watch the one in 3- she looks like she just got out of a tornado and war. I guess she isn’t used to people calling her out on her absolute bullshit but this female lawyer isn’t falling for any of it. Even with the non blinking creepy staring.
Yep! She's clearly not getting much sleep. She looks like she drank until 2 AM, slept in her car, then came straight in to the deposition. And yes, this lawyer is on it, Holmes' word-salad crap is getting nowhere with her.
@@Skank_and_Gutterboy yeah she gets killed in tape 3. I’ve watched these several times; I’m fascinated by it. I find her so unlikeable yet people didn’t agree and gave her billions of dollars. It’s so unreal.
Arent we all? if I called you out on your bullshit, youd be flustered too
She’s insane. Thank God she was finally stopped.
If she truly didn't know the answers to some of these questions she surely was conducting mal-practice, and not performing her responsibilities within her role. Denying she knew anything about how Sunny was running the labs and projects isn't believable.
she's got that Zuckerberg`s cyborg stare.
@@BlahBlahBlah85651
Oh, now that's interesting!
She got away with easy punishment of only 11 years. After destroying investors and patients lives.
She loves that deep voice.
She is phony with a capital "F".
Is Sunny’s complete deposition available anywhere to listen to?
I believe that it's in 4 parts. Search it by parts.
It's not available
It’s out now.
I hope they do not reduce her sentence on appeal. They are the three appellate judges who will hear the appeal and decide if she is guilty and if the sentence by the District court judge is fair. It would be very unfair if they reduce her sentence when so many young single women with very young kids sit in jail for 5 years or more while their kids are sent to foster care while Elizabeth has a rich partner and both her parants to care for her 2 children. I sincerely hope that she gets to serve atleast 9 years in the Federal jail.
Far from “going easy” on Holmes, the lawyer lays strand after strand on her like a spider until holmes’ repeated “I don’t know”, “I don’t recall”, “I don’t remember” show her up as evasive and a liar
Wow she looks cracked out. Like she hasn’t slept since the days of the Edison machine….
When they go on breaks, do the plug her back in to recharge the batteries? Or does a full charge last all day?
I need a recipe for deviled eggs. Can someone please share one?
Why people would buy an apparatus that would only determine initial diagnostic on your health,but does not incurably capable to heal you would be considered important
She has the same voice as Andre the Giant!
EH is putting on her best "poor pitiful, innocent me" face but she's getting destroyed. These depositions were just the formality before the conviction. Holmes is a psychopath and is exactly where she belongs today.
YES!!!!!!!
And thus far no jail... seems those two pregnancies did the trick. The only problem she has is where to take a holiday...
You satisfied now, Nostradamus? She should be doing 20 but the 11- reduced to 9- actual about 6-7 she is currently doing is not chump change. She needs help in the mental dept as well!
She's lowering her voice at the deposition too?
I feel like at this point to her, her real voice sounds like a fake voice shes been doing that for so long
If you can manage to watch all of her depositions this facade breaks up many times. It's hard to pull that off for the many hours she was deposed. At the start of each video she starts in a low voice but as the pressure builds her brain is firing off so fast that she can't focus on her voice. Brain starts losing so many cells that by the end one is on top of the other giving CPR.
"Would you review those documents or materials?"
"No they just gave me the money."
1:14:00 I wonder if when she finally realised that the machines couldn’t run the tests (if she actually did ever finally realise that) if at that moment she had just of admitted that to the investigators, accepted defeat, closed the company and filed for bankruptcy (as she wouldn’t have been able to pay the investors back) if she would have gotten away with it? 🤷♂️
The woman asking her questions is a WOLF!!!!
After watching this: Me: "Where can I invest?". LOL. She's still selling, even to the AAG in a criminal complaint. hahaha.
I sincerely believe when she began all this, she genuinely wanted to help people. She’s obviously smart but quickly got in over her head. Instead of just saying “this isn’t working, perhaps I should revisit this in a couple years” she kept going. Because of greed. Tale as old as time. For me, this isn’t about her incompetence and greed though. It’s about the thousands of people who relied on this faulty testing that she medically assaulted. That to me, is what makes her a crappy human.
... it's not just for you, it's for everyone about people she lied to and took advantage of.
Her idea of a pin prick is NOT possible! She was told that people that are in the field for almost their whole life told her it wasn't possible. The blood from a pin prick is NOT pure enough. It's not the technology it's the purity of the blood being tested simply not possible. How smart can she be?
I agree that I think she started out with good intentions. I think she really believed her product could someday work if she hired the right people. I also think Sunny, an already successful and experienced businessman when he first met her, convinced the inexperienced Elizabeth that a little bit of fraud is just the nature of Silicon Valley. That "fake it till you make it" culture is perfectly normal and expected. I think she convinced herself it wasn't a big deal & she really believed that until things started looking bad for her legally. It's probably true that white lies are expected in Silicon Valley, but you really can't do that in healthcare.
Elizabeth Holmes is the type of human expects something in return. Her goal is being billionaire, wealthy power and famous. Even though Her prototype idea would have revolutionazed the healthcare care industry and aid thousands of patients, she has other intentions. Once she could not make it work. She cut corners and endangered people's lives with her test. Remember thanks to whistleblower, Holmes was caught soon. It could have been worse if no one would have reported of her fraud. I believe If Holmes had finished her bachelor and pursued chemical engineering graduate studies. She would have accomplished and made her prototype worked. She replied on others to accomplish her dream since she didn't have medical or engineering knowledge. Without medical knowledge is hard to keep a direction.
I'm skeptical she started with good intentions... If you have good intentions you think about actually having a working prototype rather than lying about it.
Holmes will prosper in prison. Fraudster, sociopath, unlikeable bully are all positives in the slammer dog😂
She is so pleased with herself when she uses “big words” that she always smiles when she says them. What an absolute nightmare of a human being
The constant flipping of papers are driving me maddddd !
I looked at her for 5 seconds and knew she was a fake
Why did she think the kermit voice would make people take her more seriously?
It’s like the more times she says things, the more she convinces herself it must be true
HOW did she dupe so many people with something that DID NOT WORK 🤬😡🤬
Connections, money, hype, psychology games, manipulation, marketing, buzzwords, silicon valley culture & peculiarities, lawyers, hiding behind "trademark secrets" BS, controlling most voting shares, harassing whistleblowers etcetera
Note that it was mostly men who were duped
I wonder if she does the deep voice around her family and friends if some of in your family shows up one day with there voice few ocative lower would that be a question especially when it's a woman damn all that money change the tone of your voice, isn't she in prison now I guess that having babies didn't get her much sympathy
I'm doubting that she has friends.
I don’t really listen to anything she is saying I just look at her looking strange …
Those Wendi adelson eyes 👀
IYKYK 😂
Why is so much of it edited out? Like all the names of people seem to be edited out, surely after this long a time the details are common knowledge enough to leave everything in?
10:40 ....... she sure was eager to toss Sunny Balwani under the bus, as it appears any time his name was mentioned, she would give an eager affirmatiive. And at 11:00 ....the frantic maniacal stare to intimidate the female attorney.
Her eyes are enough for an entire horror movie.
Elizabeth is thinking, "Nothing else is working, time to give her the Gorgon Stare..."
At her sentencing her lawyer should've said, "Isn't having sex with that creepy tyrant-troll punishment enough?"
She also seems to look to the female lawyer like she expects her to believe her when she says she remembers none of what she did with the business for 4 years. It’s terrifying that she could fool so many people.
@@nancyleehampton8 nah, women can spot a woman BSing from a mile away. The simple fact is, men will always give a woman some form of deference....this is why she only kept men on her board of directors and in her immediate inner circle....and in here in the SEC deposition, they had the female attorney, which Carreyrou identified as Asian, on his podcast, to do most of the questioning. She is not someone Liz could easily manipulate.
1:26:49 😅 even the “inventor” doesn’t understand the damn thing
1:24:41 she almost said null protocol 😅
A voice that deep takes balls 😂
nervous head movements
I actually started to get angry when she lied about how she met the DeVos family, and when she then lied right after that about meeting someone at a venture capitalist’s house-the name of whose house she could not remember. Such OBVIOUS LIES. Gawd!!
A female version of Mark Zuckerberg.
she never blinks......
Had she referred to herself as “Agent Deep Neck” from the onset, she wouldn’t be in the mess she ultimately found herself in! Can’t stop, won’t stop! Brilliant! Cheers mates!!
Before being handed another document over she straightens her posture up and stop blinking completely like a swimmer anticipating a big wave to dive under.
My aunt Linda graduated from Villanova with a degree in English and Psychology
Her eyes??
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It is interesting she gave up her trademark black turtlenecks but still keeps his deep baritone voice. Eventually, she will get rid of as it isn't used for her now.
Wow, I mean this is an amazing example of a psychotic personality
How did her suspected Adderall abuse affect her mannerisms?
I don’t recall.. I don’t remember.. only. $500,000,000 million yes
Her whole stick was throw sunny under the bus throw sunny under the bus lol
Judging from her voice, her character, the made up one, remained in place for these SEC talks.
I've watched a lot of this, and I trust her believe in her truthfulness more that the narrative she was a exploitative liar. I also see so many NPC's who throw their weight behind the narrative.
And a Narcissist's primary goal is to appear normal - one thing's for certain, she's not trying to appear normal. Not a narcissist.
Agreed, everyone loves to hate on her cause it seems to be the popular thing to do. I think she believed this would work EVENTUALLY, hence faking/lying till you make it and the end justifies the means. I never thought using a drop of blood would be able to do so many tests because I’ve worked as a nurse and been around labs 20 years and see the amount of blood it takes for certain tests, 3-4 vials for certain ones and just a large drop for others, so I was surprised when I saw a company that has actually figured some of this out this year (forgot the name but everything has been validated and done the correct way). I’m almost more in shock over her Stanford advisor, who worked in biochemistry his whole career immediately getting on board without telling her this concept isn’t possible at this time, AND the fact the board of rich powerful men not insisting on having anyone with any biochemistry/medical expertise involved on the board. I think she worked extremely hard, if only she had used this hard work and energy on something that could work
At 57:01, she thought she was done…. But they (applaud) kept digging….
You’d think that with all of her money she could afford something for that rat’s nest on top of her head…
I don't think she will get away with this.
She didn’t… she’s in prison until 2032 😮
Reminds me of the trail of Jodi Arias ….when it comes to what they did, they act like it was somebody else