I kind of went down the rabbit hole on Theranos and Elizabeth Holmes. She was the Silicon Valley entrepreneur who managed to create a multi-billion dollar health technology company. It centered around alleged technology that would give people the ability to run basically all blood tests at home with only a tiny amount of blood. But the technology never actually existed, and she's (along with her business partner Ramesh Balwani) now been indicted by a grand jury for wire-fraud. From Wikipedia:
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Prosecutors allege that Holmes and Balwani engaged in two criminal schemes, one to defraud investors, the other to defraud doctors and patients. After the indictment was issued, Holmes stepped down as CEO of Theranos but remained chairperson of the board.
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HBO did a documentary about this (it premiered yesterday), and I'll be watching it as soon as I've caught up on a couple other ones. It's so fascinating how she was able to pull this off and manipulate people all the way up to the President (Obama). The lists of Theranos' top end investors is staggering.