Bring It On Holmes

What A Day

Crooked Media

News, Daily News

4.6 • 12K Ratings

🗓️ 9 September 2021

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Yesterday marked the beginning of the federal criminal trial of Elizabeth Holmes, the founder of the blood-testing startup Theranos. She and her former boyfriend Sunny Balwani were charged with about a dozen counts that include wire fraud for lying to investors as well as patients about what Theranos technology could actually do. The weekly pediatric coronavirus cases in the U.S. surpassed 250,000 this week for the first time since the pandemic began. The uptick in young people testing positive comes during Back to School week for many, and that is NOT a good sign. And in headlines: the Biden administration announced its plan to expand the use of solar energy, LAPD officers have been instructed to record the social media information of any civilian they stop, and Starbucks is reportedly trying to stop a unionization effort. Show Notes: Wall Street Journal: “Theranos Founder Elizabeth Holmes’s Trial: Prosecutors Must Show Intent” – https://on.wsj.com/3toFZqh Politico: “Get vaccinated or else: Colleges roll out new punishments for holdouts” – https://politi.co/3toVvSY See Steve from Blue’s Clues’s heart-felt message for the show’s 25th anniversary – https://bit.ly/3l4pjjX For a transcript of this episode, please visit crooked.com/whataday

Transcript

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0:00.0	It's Thursday, September 9th. I'm Gideon Resinc.
0:08.9	And I'm Trevout Anderson and this is what a day where we're sending our support to the
0:13.1	spider who is spinning a web on Virginia's now removed statue of Robert Ely.
0:18.4	Yeah, hit him with the stickiest web you got. We got your back.
0:22.2	Turn the entire warehouse where he's stored into one big web. Please, and thank you.
0:35.1	On today's show, we hit another grim milestone in the pandemic with a record number of children
0:40.0	contracting the virus. Plus Starbucks tries a Grande Union bus. Yes, among employees in Buffalo,
0:46.8	New York.
0:47.8	But first yesterday marked the beginning of the criminal trial of Elizabeth Holmes, the founder
0:53.0	of the blood testing startup Theranos.
0:55.4	That was the sound of her arriving at a federal court house in San Jose, California, where
1:06.7	really weirdly, there were also a few people dressed like her out of admiration or something.
1:13.1	Gideon, so before we dive in here, tell us the charges that Holmes is actually facing.
1:18.8	Yeah, there are a lot of them, Holmes as well as the company's president and her former
1:23.0	boyfriend, Sonny Balwani, got charged with about a dozen counts that include wire fraud
1:27.8	for lying to investors as well as patients about what Theranos technology could actually
1:32.7	do.
1:33.7	Now for those who didn't follow the story at the time to take it a step back even further,
1:39.2	Holmes started this company when she was just 19 years old in 2003 and the promise was
1:44.0	incredibly enticing to basically everyone. She claimed that Theranos would change the
1:49.3	healthcare industry for good by detecting various diseases through a single finger prick.
1:54.7	Holmes was on the cover of magazines and Theranos was worth billions of dollars at one point
	...

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