The criminal consequences of Silicon Valley’s “fake it till you make it” culture
Make Me Smart
Marketplace
4.6 • 5.4K Ratings
🗓️ 8 July 2022
⏱️ 15 minutes
🧾️ Download transcript
Summary
“Fake it till you make it” has long been a mantra in Silicon Valley. It’s a culture that often brings financial consequences but very rarely criminal ones. We’ll talk about the significance of the criminal case against the former chief operating officer of the Theranos medical tech company, Sunny Balwani. He and his former romantic partner, Theranos founder Elizabeth Holmes, faced charges of defrauding investors and patients. Speaking of consequences, former Minneapolis police officer Derek Chauvin gets sentenced again, this time for violating George Floyd’s civil rights, and British Prime Minister Boris Johnson announces his intention to resign. We have the “purr-fect” tweet on the BoJo saga.
Here’s everything we talked about on the show today:
- “Chauvin gets 21 years for violating Floyd’s civil rights” from The Los Angeles Times
- Comey and McCabe Audits: How Likely That They Were a Coincidence? from The New York Times
- “No. 2 Theranos Executive Found Guilty of 12 Counts of Fraud” from The New York Times
- “Former Theranos COO Sunny Balwani found guilty of all charges” from Engadget
- “We’ve Never Seen Mars Quite Like This” from the Atlantic
- “Webb’s Fine Guidance Sensor Provides a Preview” from NASA
- This purr-fect tweet about the Boris Johnson situation
Join us tomorrow for Economics on Tap. We’ll be on the YouTube livestream starting at 6:30 p.m. ET/3:30 p.m. PT. We’ll have more news, drinks and a game!
Transcript
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| 0:00.0 | I was reading the show the show and thing I hadn't seen it yet. Oh. Oh, yeah. Well, we will get to that |
| 0:07.2 | But that music you hear is saying to Charlton Thorpe good grief man |
| 0:11.0 | Have you no respect for hosts chatter, but anyway, I know |
| 0:14.5 | I'm Connor Rizzo. Welcome back to make me smart work. Kimberly and I were just mid-chat and Charlton goes and fires it up |
| 0:21.1 | Make me smart as the podcast. You know what we do. Oh my goodness |
| 0:24.2 | Oh boy, and I'm Kimberly Adams. Thank you for joining us. It's Thursday and clearly I do not have my life together |
| 0:33.1 | But we are going to nevertheless |
| 0:35.6 | Persist do what we always do some news some smiles and call it a day and with that |
| 0:41.7 | I guess we should get to the news that we were talking about because I hadn't seen this |
| 0:45.1 | Until I clicked on your link. Okay |
| 0:48.6 | so |
| 0:50.1 | Derek Shulman |
| 0:51.6 | the |
| 0:52.9 | Minneapolis police officer |
| 0:55.1 | who killed George Floyd |
| 0:58.0 | Two years ago this past spring |
| 1:00.6 | was sentenced today |
| 1:03.5 | In federal court for violating shovans |
| 1:06.4 | Revilating |
| 1:07.8 | Float George Floyd civil rights 21 years is what he got I bring it up for two reasons number one is |
| 1:14.0 | Not everybody has seen it |
| 1:15.7 | Including Kimberly Adams who's one of the most plugged in people I know news-wise |
... |
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