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Police Off The Cuff/Real Crime Stories

Elizabeth Holmes surrenders to serve 11 years, brilliant or a fraudster?

Police Off The Cuff/Real Crime Stories

Bill Cannon Police off the Cuff/Real Crime Stories

Law Enforcement, Crime, True Crime, Military

4.4870 Ratings

🗓️ 4 June 2023

⏱️ 88 minutes

🧾️ Download transcript

Summary

Elizabeth Holmes surrenders to serve 11 years, brilliant or a fraudster? --- Support this podcast: https://podcasters.spotify.com/pod/show/otcpod1/support

Transcript

Click on a timestamp to play from that location

0:00.0

There has to be some common sense.

0:07.0

There have to be some common sense.

0:23.6

Yes, sir. They have the car stopped in tent and branch, Michael Byther.

0:27.6

We still don't know who pulled the trigger. Hello everyone and welcome to police off the cuff, Real Crime Stories. I'm your host, retired

0:56.4

NYPD Sergeant Bill Cannon, 27-year veteran of the NYPD. We have a really interesting case

1:03.2

in a case that takes us back to the year 2003, where Elizabeth Holmes was a undergraduate student at Stanford University. Elizabeth Holmes was a undergraduate student at Stanford University.

1:14.5

Elizabeth Holmes, at the age of 19, founded a company named Theranos, whose whole

1:21.1

objective was creating this machine that with one drop of blood could diagnose all kinds of ailments, all kinds of diseases,

1:32.6

just with this one drop of blood.

1:35.5

Somehow she got some of the world's most powerful people to invest in this company.

1:42.0

She was the ultimate salesperson. She had the ultimate, as they would say,

1:47.2

in Hebrew Hutzpah, to believe in something that was fraudulent right from the beginning.

1:53.7

And according to the New York Times, the verdict signaled the end of an era.

2:08.5

In Silicon Valley, where the line between talk and achievement is often vague, there's finally a limit to faking it.

2:20.6

From Stanford University dropout to Theranos's $9 billion valuation to conviction, it's an epic rise and fall that would be chewed over in the coffee shops and juice bars of Palo Alto, California, until the tech industry departs for a new life in Elon Musk

2:27.0

and Jeff Bezos off-world colonies.

2:30.4

This is right from the New York Times.

2:31.8

For a decade, Ms Miss Holmes fooled savvy investors,

2:36.3

hundreds of smart employees, an all-star board, and a media eager to anoint a new star,

2:42.3

even or especially if she had no qualifications. Just as Silicon Valley is a cartoonish version

2:48.3

of American notions about the virtues of hard work and getting rich quick.

2:53.6

Solmiss Holmes was a heightened version of Silicon Valley.

...

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