this post was submitted on 20 Nov 2025
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CEO of Theranos, currently spending time in jail for fraudulently saying they could do this.
They said they could do it. They charged people money to do this, when in fact they could not do this.
Ironically, none of that was why she went to jail. It was for defrauding investors. Fun!
She didn't have to tell people this either. She could have easily kept advertising the project, building up hype for it and lying about how close they were to completing the tool without ever announcing it as completed.
You can lead investors on like that. Unless the fraud is completely exposed many investors will often continue to invest in these projects out of fear of missing out.