Return of Kings has an article on Elisabeth Holmes and how she is getting a mere slap on the wrist despite the astonishing amount of money that was swindled from investors who put capital into her company, Theranos. It seems they put forth a bogus blood testing technology that everyone thought would be the next hot thing. But it was fake and even though she fleeced investors big time, she gets off because she is cute with blond hair.
Fraudster and STEM “It Girl” Elizabeth Holmes has settled a lawsuit with the US Securities and Exchange Commission (SEC) for a measly $500,000. This is despite the SEC stating that Holmes lied and otherwise deceived investors to the tune of $700 million, engaging in “massive fraud.” Her company, Theranos, promised to revolutionize the blood-testing industry, yet produced continuously faulty “medical” equipment and failed to respect legally required healthcare and laboratory standards. ROK has reported on this debacle over several years already.
Funnily enough, pharmaceutical executive and all-round shitlord Martin Shkreli, despised by leftists everywhere, was jailed for seven years this month. A court ruled that Shkreli fraudulently obtained $7 million through his hedge fund activities. It’s difficult to see why Elizabeth Holmes should not be in jail, too, and serving a much, much longer sentence than seven years.
