Daily Archives: May 21, 2018, 7:49 am

How One Company Scammed Silicon Valley. And How It Got Caught. – The New York Times

The heart of the problem, Carreyrou writes, was that “Holmes and her company overpromised and then cut corners when they couldn’t deliver.” To hide those shortcuts, they lied. Theranos invented revenue estimates “from whole cloth.” It boasted of mysterious contracts with pharmaceutical companies that never seemed to be available for viewing. It spread the story that the United States Army…

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