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Armstrong & Getty On Demand

5/22/18 A&G Hr. 4 Gaps Between Promises & Reality

Armstrong & Getty On Demand

iHeartPodcasts

News, Daily News, Society & Culture

4.63.5K Ratings

🗓️ 22 May 2018

⏱️ 38 minutes

🧾️ Download transcript

Summary

During this episode of A&G, the journalist who broke the Theranos story talks to Jack & Joe about his new book on the scandal. John Carreyrou was hated by Theranos execs, some of whom may now see prison time.

Transcript

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0:00.0

Music

0:22.0

The most of its homes was just 19 years old when she dropped out of Stanford University

0:27.0

with a dream of creating a company that would revolutionize blood testing. She founded the startup Theranos.

0:34.0

It boasted her technology could take a pinprick worth of blood from the finger and perform hundreds of laboratory tests.

0:40.0

And that sounds very impressive. What a lispy, what a lispy of homes came up with there.

0:45.0

Indeed, revolutionary.

0:46.0

Explaining to America in her weirdly low voice. There's a new book out about it, the whole Theranos thing.

0:52.0

Bad blood. Let me just read a little bit from the New York Times review of the book.

0:56.0

In 2015, vice president Joe Biden visited the Newark California laboratory of a hot new startup making medical devices Theranos.

1:04.0

Joe Biden saw rows of impressive looking equipment. The company supposedly gained changing device for testing blood and offered glowing praise.

1:11.0

The laboratory of our future. The lab was a fake. The devices Biden saw weren't close to being workable.

1:17.0

They've been staged for the visit. Such was one of the greatest cons in the history of capitalism.

1:23.0

And the book bad blood about that very con by John Kerry Roo is getting terrific notices and John joins us now to talk about Theranos and the book. Hello, John. How are you, sir?

1:34.0

I'm good. Thanks for having me.

1:36.0

So in your looking into this, were you as amazed at we were at the sheer hubris of the thing?

1:44.0

I was pretty amazed. Yes. And then it dawned on me that you know Elizabeth Holmes is one of these people who just has gotten in the habit of lying and got into that habit at an early age.

2:00.0

And then it just got worse and worse and worse and it's resulted in one of the biggest scandals we've had in this country since then long.

2:08.0

And so we've heard a lot about this. We have it in our own backyard. Theranos and Elizabeth Holmes was a, you know, a darling of the whole thing.

2:16.0

And as point not your book, all kinds of heavyweights from around the world and the celebrities and powerful people invested in it and all that sort of stuff.

2:22.0

We've talked about this a bit. But the one question I am still figured out as at what point did she know that thing was a scam?

2:29.0

Did she start out believing it was for real at some point when South, there was a scam from the beginning.

2:35.0

Well, her game was always to try to develop a device and to, you know, promise the moon to get the money, hoping that the device and the technology would eventually catch up to the promises.

...

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