Posted on 06/01/2016 9:39:07 AM PDT by PJ-Comix
As a pathologist in the Laboratory Medicine field I hope this woman is indicted and convicted. Who even knows how many patients were harmed by her fraud.
She forgot to diversify.
Not sure it would have mattered if the whole company was based on a fraud, though.
My wife and I were talking about this the other day, wondering whether she’d managed to convert any of her net worth on paper into tangible assets. Apparently not!
Details?
That is one heck of a tax deduction
Here’s the headline from a recent WSJ article on Theranos;
“Theranos Voids Two Years of Edison Blood-Test Results”
Here’s the link.
http://www.wsj.com/articles/theranos-voids-two-years-of-edison-blood-test-results-1463616976
Thousands of patients affected.
That is one heck of a tax deductionEspecially when there's no income to tax.
Annnnnnnnnnnnnnnnnnnnd it’s gone. South Park reference.
So, FakeBook buys Theranos for $50M, and deducts $4.5B from its income?
Working in med devices for the last 16 years, first thing I did when I heard about this was see if it was a public stock I could short.
My brother is a hospital lab manager so we had already talked about several of the tests and their likely incompatibility.
For my part I knew appropriate registrations hadn’t been completed for the claims being made, so...short...alas not yet public - sigh.
I guess when you’re an attractive blond with a Steve Jobs vibe people will give you billions.
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