I mean in do you really have a lot of sympathy for the oligarchic tax advantaged zombie family hedge funds that made a bet and lost?

They didn't do their diligence and do kinda deserve to lose their money.

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hypersoar 6 hours ago | parent | next [-]

Holmes and Theranos leadership did more than defraud investors. They knowingly ran unreliable tests on actual patients. People were told they were miscarrying when they weren't, or that they had HIV when they didn't. And they drove an employee, Ian Gibbons, to suicide, then threatened his widow with a lawsuit when she talked to reporters about it.

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erulabs 5 hours ago | parent [-]

Important to note she was found not guilty of this charge.

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hypersoar 5 hours ago | parent [-]

That is not because Theranos did not commit such fraud against patients; Balwani was convicted on those charges. It's just the prosecutors were unable to prove that Holmes was culpable.

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erulabs 5 hours ago | parent [-]

You said

> Holmes ... did more than defraud investors.

Which was not proven in a court of law as judged by a jury of her peers.

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hypersoar 5 hours ago | parent [-]

You...you literally elided over the exact phrase I included in anticipation of this objection.

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erulabs 5 hours ago | parent [-]

You're conflating Holmes, Theranos and Balwani. Holmes was found not guilt of that which you accuse her of. That you also accuse others at the same time who where found guilty doesn't change that fact.

	▲	Jedd 4 hours ago \| parent \| next [-]
		You're conflating - 'Do we understand that Holmes did these things?' - with 'Were those specific charges brought against her and were they successfully prosecuted?'. Reading John Carreyrou's book, it's pretty clear she was guilty of (lots of bad) things beyond the lone 'defrauding investor' charge that was successfully carried.
	▲	qup 3 hours ago \| parent \| prev [-]
		I've done many things I wasn't found guilty of.

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thereitgoes456 6 hours ago | parent | prev | next [-]

That’s true but not relevant. I have absolutely no sympathy for the rubes who thought FTX was a good place to put their money, but that doesn’t make the fraud any more OK.

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dylan604 5 hours ago | parent | prev [-]

The people that invested their money did not make these decisions. The people running the fund did. You're victim blaming. Most people don't get a very wide choice where their money goes outside the couple of options the fund managers present. I'd also venture most people do not even look at what stocks are in the fund. They'll look at the past earnings and check the box.