Lawyer Reacts Trial of Theranos founder Elizabeth Holmes

[@LawyerYouKnow]

CORRECTION: The image of the Stanford professor is *incorrect*. In this video, an image of Phyllis Gardner is shown, when Channing Robertson should have been. A new video will show the correct image/person.

[@tinalouise3783]

You showed the photo of a professor who very much opposed Eliz Holmes and her blood drop technology

[@azulgaia7782]

please correct THIS video. Add text at every mistake. Have text pop up with what you actually meant to say. it's an easy way to copy-edit your mistakes without making a whole new video.

[@michaelfuchs1467]

I was just going to comment that Professor Phyllis Gardner probably won't be too happy to be associated with the Theranos board or anything remotely related to Homes endeavors. She's always been a fierce sceptic to Elizabeth Holmes, Channing Robertson and the fantasy concepts of Holmes et al. And very rightfully so. She has her head screwed on tightly, the right way, without any cross-threading - contrary to for example Robertson.

[@bojigirl5672]

It’s Silicon , not silicone. The former is an element on the Periodic Table and the latter is kitchenware.

[@allyourcode]

Silicon Valley engineer here. I don't have any direct experience with what goes on in the business side of things, but I don't think anyone is doing the equivalent of "let's use our competitor's machines and say the results are ours". Maybe I'm just naive, but if I'm right, I don't think this case really affects how people will do business around here from now on. Yes, people "embellish" when presenting to investors, but what that means is that the presentation is full of aspirations. E.g. "if you extrapolate how well we did last year, then this is what you're going to see ten years from now". Every investor investor in "the Valley" KNOWS that such claims are NOT presented as guarantees; just suggestions. But again, none of that excuses passing off competitor's products as your own. What's kind of interesting is that the head-liner investors in this case do NOT look like typical Valley investors (ditto for the Theranos board; what does a former secretary of state know about running a medical testing company??), so maybe they didn't understand how we do things around here. A Silicon Valley investor makes smallish (as in, rarely in the $100 M range) investments in many technology companies knowing that most of them are going to fail, but also knowing that one of them is going to be the next Google. Their whole strategy is based on that one win being so big that it will more than pay for all the losses along the way. Unless you are telling me that the Walton family has a whole stable of medical testing startups in their portfolio, they are in a completely different investor category hailing from a very different part of the country that has very different views about how to invest.

[@Paula-po9kx]

Thank you Peter. This is gonna be a very interesting trial, please keep us updated.

[@KitJBenn]

And if you can get to the sentencing as soon as possible that would be most welcome Peter! You're doing a great job!! They seem to be more efficient in China!! First you hear the name of the offender and then one gets the date of the firing squad appointment!! It's a wonderful system!! I'm sure Silicone Valley would welcome it?

[@gabrielgonzales5907]

"Fake it till you make it" ... I can't see that flying in court when it put patients' lives at risk like that.

[@lisadellaratta495]

Ikr?! Especially the one witness who's pregnancy test showed she miscarried?! That is inexcusable!!!! On every level! Her aloof attitude is infuriating.

[@susanallison183]

Great presentation of this case, great energy on your part. I’ve been following the whole Theranos/ Holmes story for years before the wheels came off. I absolutely would like you to do regular updates. Thanks for the research that went into this. I’m enjoying the channel, and am glad to see a new (to me anyway) face. Not that there’s anything wrong with the old face…

[@LawyerYouKnow]

Thank you so much! We are so excited to have Pete speaking about this topic! He does a great job.

[@eastwest3286]

@1:52 she is not one of the BOD, it was actually a male professor. The professor you showed is actually the one who spoke against Holmes that her idea of invention is not possible.

[@kenlandon6130]

Channing Robertson was the guy

[@dianarose9751]

That was a great summary 👌👏

[@micahrowe]

11:27- the book is not written by Richard Carreyrou, but rather “John” Carreyrou. And the woman you showed at 1:52 is one of Holmes former professors that was a critic of her ideas, including Theranos, and was never on the board of directors. Gotta be getting these details straight bro. It’s sad I know so much about this case, but I think it’s fascinating and watch everything I see regarding Holmes.

[@jusrayne]

I'm not surprised she did the her father was VP of ENRON

[@LawyerYouKnow]

Thank you for letting us know. We will have this information fixed in a new video & have posted a comment to show the misinformation.

[@artfan3118]

@@jusrayne Enron that actually explains a lot.

[@nicholamc2629]

@@LawyerYouKnow Also Henry Kissinger, not Harry. Much love 🙌

[@almondbrown247]

Please continue to follow this case. I am very interested in how this will play out. Alot of people lost their lives and were seriously injured because of these faulty tests.

[@specialK312]

a lot of people were injured and some even lost their lives because of the Theronos scandal? please provide proof because that is one thing that i did not hear about this case, is that anyone was injured or has died due to Theranos

[@seapod]

Yeah please provide a source to that claim since you're the only one that seems to know about. And forward said proof to the DA so she can be charged accordingly.

[@jazamaraz8029]

@1:52 I think you posted a photo of the wrong Stanford professor. I believe this woman was actually critical of Elizabeth Holmes and not an investor. I think it was a male professor that was involved with the startup.

[@jelef001]

I came to the comments to point that out!! Dr. Phyllis had EH sussed out from the beginning. Doesn’t deserve to get confused with the idiots who sat on Tharanos board!

[@stevenclarke5606]

I agree this professor, told Elizabeth Holmes that it would not work and was never an investor. You need to amend this error.

[@leveninbeelden4145]

Very enlightening! Thanks for sharing your thoughts. Looking forward to the next one :)

[@analopez9412]

I have talked about Elizabeth Holmes to my Innovation students. So glad I found you through the Depp case. Now we can understand the trial in detail. From Mexico City, we love your channel.

[@FadoWind]

Thank you for explaining this so technically, media is currently just going a bit sensationalist but doesn't explain the specifics, keep it up! :)

[@MissMagdelene]

I’ve been following Theranos and Elizabeth Holmes for years just because it seemed, and proved to be, an outlandish idea that was not rooted in reality. So, please keep providing your analysis of the trial because there’s hardly anyone else and yours is the one so far that I really like. Thorough, neutral and professional. Consider me subscribed.

[@dbsf2429]

When she dropped out of school to start the company, she had a completely different idea - a patch that would test blood and deliver drugs based on the results. That was the idea the Phyllis Gardner told her wouldn't work and one which she eventually dropped. She changed directions several times over the years.

[@seapod]

Exactly.

[@tngirl79799]

Awesome vid! Thanks for covering this case

[@Theedraftswoman]

Keep following the story! Love your take

[@BUYBLUESHOPPER]

Thanks for all this

[@TakeItSlowMo]

This story is so fascinating to me

[@TenzinLundrup]

One group of investors (Murdoch, DeVos, Drake, Ellison) did circle the wagons when the story first broke and stuck with Holmes. Whether they did so to protect their investment or out of actual belief in the product is unknown.

[@GeorgeGraves]

subbed for the Holmes trial info. Thanks.

[@rockyBalboa6699]

You could say the Theranos Edison machine is so useless it could not even toast a slice of Bread!!

[@buyukvegucluturkiye8032]

*Great video and summary of the trail* Greetings from Stockholm

[@richardfinlayson1524]

You can't fake it till you make it in medicine, that's absurd, that is admiring dishonesty.

[@melistasy]

Love this channel♥️♥️

[@ritalawrence9654]

She must have had access to the influential people who served as board members through her father who was an Enron Exec. Also read that she is related to the Floresheim family. I believe she imbibed the spiritual/self-development guru's whose message of follow your bliss and manifesting material wealth/lifestyle can lead people to think if they're doing something to uplift humanity the universe will support you. Blaming her ex-paramour isn't a good idea in my mind. It shows a lack of responsibility now in her personal life compounded by her massive lack of responsibility in her business life.

[@tekarts]

KZbin: where is your "One Prick Test" test?

[@Gromulan]

Great recap. take my subscribe and my like :) looking forward to more content on Holmes

[@stevenclarke5606]

Take a look at the documentary “ Bad Blood “ it more or less covers the whole story.

[@redmed10]

They disallowed a lawyer from serving on the jury who wanted to. This jury selection process is so subject to manipulation.

[@BUYBLUESHOPPER]

What about her voice.

[@ortalhar-paz9969]

Of course she knew. No question there. How did she fool the investors is a different question. She led them to believe by scamming them, but it's their responsibility for not checking and raising questions.

[@mryen76]

Sir. Please keep up the good work. 1. Will the SEC deposition be publicly available. 2. Will the SEC deposition be submitted at the criminal trial by the prosecutors?

[@jochenculemann8475]

Perfectly presented and explained especially for viewers who do not have an American law degree !

[@09gamecock]

Thank you! This was great! I can’t wrap my head around this woman and everything she did! It blows my mind!

[@dm55]

This is exactly what I was looking for.When this Theranos situation first came to light I was intrigued to where it would go.

[@sadiqfarouk661]

Loved it...please do more videos

[@michaelmoorrees3585]

Its SILICON (short "o") VALLEY, as in the element silicon, which is used to make computer chips. Not SILICONE (long "o") VALLEY, as in silicone, which is used to chalk bathtubs, and in its sanitized form, shoved in lady's upper parts, to draw attention. Silicon valley geographically is Santa Clara Valley, around San Jose, CA. Silicone Valley, can be considered as the San Fernando Valley, which is the northern portion of the City of Los Angeles, north of the Hollywood Hills, and named such because that was the capital of the adult movie industry, in the pre-internet era.

[@danielcohen6893]

Great video. In my opinion the "fake till you make it" defense can't hold up when you're dealing with people's health. This is not some new technology, like a phone, that isn't working right now. This is actively endangering people's health and That is the biggest problem. To answer your question : she knew. No ifs, ands or buts, she knew and the fraud is that she got (certain but not all) investments relaying false information. That's my 2 cents. Please keep updating. This was great

[@RJAImpact]

As we are now seeing in the trial there are lots of instances where we can point to EH 'knowing' that Theranos' product was not up to the required standards. I would love to know exactly when she told investors that the product had moved from its 'development' to a 'ready to market' product. That is going to be key in the prosecution.

[@bevsplaylist]

Thank you for taking the time to explain this case. IMO she had a good idea but after all of the $$$$ came rolling in and the private results didn’t pan out, her integrity took a backseat. $$$ made her greedy and screw the investors or any patients harmed. After all its call medical practice.

[@louisgonzalez8846]

So much for democracy huh????

[@joanthomas9486]

'Fake it til you make it' might be acceptable in certain businesses, but not when it comes to people's health and possibly their lives. So irresponsible. I hope she gets what she deserves.

[@chelseaj2356]

Great summary. The conviction (and fake deep voice) with which she boasted about this technology was overwhelming. I would have difficulty sitting as an impartial juror, but I don’t live in the country. Please keep us updated!

[@SD-oi9gr]

I’ll be following all your videos on this trial. The whole Theranos story is insane.

[@mulemule]

Couldn't get past "Silly-Cone" Valley (however, cool couch).

[@beaulieuonnp593]

I blows my mind as well.

[@americancitizen748]

Will they call Henry Kissinger to testify? General Mattis? Sam Nunn? They were all former board members. This could be interesting...

[@fk1028]

Excellent analysis.

[@LawyerYouKnow]

Thank you!

[@manchitas3531]

Very good video!

[@JamieSmith-lw5ge]

Very informative

[@karilee6037]

Thank you. Theranos has fascinated me for years

[@markusgorelli5278]

Where I am, employers are also legally obligated to continue paying employees who have been selected for jury service. Our courts will only cover expenses like travel - bus fare from your home and the like but the refund cheque doesn't come in any timely manner. lol.

[@luvtohear]

Great breakdown - I hope the jurors don't go off course and cause a mistrial.

[@farzanadarsot3516]

Concise in layman's language, Thanks, I subbed 👏

[@rickrobitaille8809]

Zero sympathy for these greedy investors as they found the perfect storm to ultimately expose their absolute greed..well learned men🤔

[@jelef001]

“For those of you who don’t know Greek.” 🇬🇷🇬🇷🇬🇷🇬🇷👏🏽👏🏽👏🏽👏🏽

[@tapiocaweasel]

Yo I'm hungry for youtube content about this case, keep it up

[@DirtyBev]

I'm curious? Why did any Investigators begin an investigation on her to start? And.. It seems extremely difficult for any juror, to comfortably perform their civic duty of sitting on a jury for 1 week, nevermind 13 or more or even less weeks. And..

[@tonik9724]

Carryou's article.

[@DirtyBev]

@@tonik9724 thanks for taking time to reply, unfortunately, I plead ignorance as I have No Idea what Carryou's Article is.

[@floxy20]

"Harry" Kissinger? How quickly we forget.

[@gabrielgonzales5907]

22:20....Is that John Wick??? 😮 .....You guys are in trouble!!!!

[@attillahunster2057]

In your first picture of the people helping the Fraud Woman, you showed Phyllis Gardner; She was a critic of the Fraud Woman from day one.....It was Channing Robertson that helped her with introductions, and later joined the board, in 2012.

[@davidmurphy563]

Small correction: IPO stands for "initial public offering", I believe you said "initial purchase offer". In fairness to you, what you said gets across the broad meaning.

[@kenlandon6130]

5:17 IPO stands for Initial Public Offering not Initial Purchase Offer

[@americancitizen748]

Microsoft called this "vaporware" -- announced before it exists.

[@athr_blu]

Isn't "Fake it till you make it" concept kind of dangerous and unethical in healthcare startups ? It makes kind of sense for a tech startup but when you are playing with human lives the concept of fake it is dangerous

[@nigolt.4345]

I get this crazy feeling that a very large percentage of $$ has been distributed overseas. Maybe that was the whole strategy.

[@kenlandon6130]

Jim Mattis (the 4 star general), Sam Nunn (US Senator), Bill Frist (Senate Majority Leader), and even former CDC Director William Foege, who was primarily responsible for smallpox eradication, all served on the board. Even the lawyer of Bush v Gore fame David Boies was in on it too....

[@KARMAISABITCHouch]

She must be a psychopath because if this happened to me I will be in the biggest depression and embarrassment ever.

[@richardfinlayson1524]

The biggest corporate scam, since the last one.

[@robinmorelli8759]

Someone commented that lives were lost due to this....I did not here anyone dying because of there negligence.

[@jelef001]

The “someone” is probably wrong. People suffered emotionally from getting incorrect health information

[@gabrielgonzales5907]

All that I know is that the biochemist who worked for Theranos committed suicide right before he had to answer questions to the authorities about the faulty technology.

[@carolynwertelecki698]

Her mistake wasn't committing fraud. Her mistake was comitting fraud on rich people. She also made them look foolish. If she defrauded a teachers pension fund, she would have gotten away with it.

[@redmed10]

I'm not sure the rich people who invested in her wanted her prosecuted. I think they wanted to draw a veil over their mistake.

[@IbnBahtuta]

When you see holmes acting like the Iron Woman on one stage and at her deposition when asked if something was right and she answered in the negative she looked like a scared rabbit trapped by the headlights.......just sayin'

[@stephengordon4081]

Thirteen weeks is just over three months pay. Can you go that long without an income and cover your expenses and taxes?

[@IbnBahtuta]

@@stephengordon4081 Hi Stephen, the answer is yes, of course I can. You know that money you wisely saved for a rainy day, or if you prefer, a financial safety net? Well, now you can dip into it and get the rewards of your financial discipline. Come on, this isn't rocket science, Stephen.

[@ingramfry7179]

Patty Hearst never got off for participating in bank robberies, and she was kidnapped. I'm no expert but the "boyfriend made me do it" defence sounds terrible.

[@newhorizon4066]

4 months have passed since you posted the incorrect image and subsequently promised to post a new video for the correction. Where is it?

[@lesliematteis8010]

She lied and cheated. (Faking blood tests for prospective investors). She ultimately fired Sunny. Who was in control? (Rhetorical question). I’m obsessed with this case. I’ve watched every video, movie, podcast I possibly can. Hopefully with the testimony of truly ethical witnesses (Tyler Schultz, Erica Cheong), she should be convicted.

[@larky368]

She is trying to defend herself by saying her invention simply didn't work as welll as it should have.That's like claiming you have built a formula One race car but it only goes 27 mph. It may look just like a formula One car but if it can't come close to the high speed it requires then it is not a race car.

[@effysartes4821]

Thanatos for sure!!!!!! She’s brilliant/crazy!!!

[@rositahuff4858]

…good job! Thanks!

[@ahmedhakeem1044]

I propose a TV show called 'Silicone Valley' about the crazy start up world of the porn industry.

[@tonik9724]

She knew. Greed kept her going, trying to fake it. Who knows how long it would have kept going if the article hadn't been written. Shame on her.

[@veronicapalodichuk7324]

She came from a wealthy family that had connections. This was greed, and a system that allows it she didn't care about the harm she would inflict on patients. Having worked in hospital labs and school for that, I am shocked that anyone believed that this was possible with the amount of blood that she said for the tests, most of these need to be spun and separated.

[@richardfinlayson1524]

I think the board of directors should be held responsible too, just goes to show how smart they really are, and how greedy they are.

[@seapod]

No it doesn't. And that supposed greed is what puts retirement gains in 401k's for people like me.

[@davecolman9446]

The only reason she is on trial is that she embarrassed wealthy, important people, now exposed as rubes. It's my understanding the big investment houses/providers of capital knew she was full of crap and passed on it.

[@jnagarya519]

Has there ever been a trial over "sliced bread"? If so, was it also a huge scandal?

[@sandygrogg1203]

Great presentation… it was right in the money,,,sorry ,,,and very interesting…I listened to the whole thung…even though…or maybe because…I know the outcome if this mess. Thanks?❤

[@daskritter3018]

that lying sociopath needs min 20 years. she put people's VERY LIVES at risk. fraud fraud fraud fraud. lies lies lies lies lies. she needs to be charged for e-v-e-r-y time she did that to any of the thousands of victims.

[@sarahalderman3126]

She was a kid then, the fault lies with the adults running the company not their mascot.

[@susanking8333]

How will the fact that Ms. Holmes has just given birth to her first child and do you think that was possibly a strategic move?

[@tngirl79799]

I think she knew full well what she was doing I also can't believe that so many people would put that much money into something they knew was a fraud so no I don't believe everyone was in on the " joke" I think she fooled a lot of people

[@DirtyBev]

Who are those people that can actually change the laws for Jurors? I believe, every Juror is required to be payed by their employees, As soon as Jury selection begins, they should receive Regular salary for each day they are required to be in court. And.. those jurors with out jobs should also be paid by the court at least the minimum wage for the those same days.. As we know, the bills don't stop coming and arrangements at home still need to be made when a juror is sitting on a case. 2nd question? Does the Court Security Gaurds, the Court reporters, Court Police, Judge and Lawyers collect their Regular paychecks during the Jury selection process? I've seen cases, 100 jurors a day waiting to be questioned, arriving at 9 being sent home after lunch w/out being questioned yet and asked to return the next day ( mainly, as Lawyers and Judges work issues out) it happened repeatedly in the Floyd/Chauvin Trial.

[@XtraSpirit]

From what I read earlier her Board was made up of old rich white men who were mesmerised by her. This strong, powerful influential female with no women on the Board of directors speaks volumes about her!

[@DirtyBev]

Although, Betsy Devou was head of education in Trump administration. Wasn't she and her family on the board?

[@XtraSpirit]

@@DirtyBev perhaps so yes, I stand to be corrected lol! Nevertheless it was certainly male dominated.

[@beezlebub9]

@@XtraSpirit the Devos family were investors but it’s not necessary that they were part of the board. So you are correct.

[@whitewave16]

Will you also comment about Prince Andrew's Civil suit?

[@lyndapierson6338]

have you considered the ghislaine 'mysterious' trial. seems like it just keeps gathering dust

[@pinkbarracuda6764]

DEEE Vos? Oh come on, dude.

[@sharondraffin7857]

I enjoyed this. Please continue to follow the trial.

[@barbaragreene6592]

Very interesting, this is the first I have ever heard of this or these people.

[@ferociousgumby]

If you know anything at all about Holmes, this is all review, as are 99% of all the video analyses I've seen so far. No one seems to have s single original insight into this person/trial.

[@LawyerYouKnow]

Once the trial begins we will start covering more. This is just an intro to the video to see if viewers would be interested in us covering the trial (it takes a lot of work & we are full-time lawyers). Hopefully, our next video has some content you enjoy!

[@artfan3118]

Thank you, your insight is amazing. I am intrigued by this case was she just an optimistic kid or a con artist, so sorry for those patients that were taken in. But somehow some of the big investors needed to wake up. I think she played on their competitiveness between each other (egos). I think she deserves time, she was playing with lives here.

[@seapod]

You answered your question. She was an optimistic kid turned fraud. She thought that with enough money, her idea would come to fruition. And you're only saying the big investors needed to wake up after the fact. You didn't know the product wouldn't work just like they didn't back then.

[@artfan3118]

@@seapod yeah okay, hindsight I suppose. 👍

[@seapod]

@@artfan3118 I kind of followed her from their first public appearance and it never dawned on me. Especially considering the rate in which technology is advancing. And it's only after the WSJ article exposed did I even realize Elizabeth never gave a direct answer to any questions. I don't know what to call it but she got me to.

[@artfan3118]

@@seapod it kinda sounds brilliant but do you think the existing labs would allow it to happen considering how much they had to loose. I bet they're breathing a sigh of relief.

[@seapod]

@@artfan3118 I'm sure they'd fight to stop them. We'll see because another Edison type machine has been produced. There's another company out there that is claiming their Edison sized machine can perform 180 tests from a few drops of blood. And supposedly it works. The name slips my mind and I'm trying to find the video of it.

[@emmanueleriksson]

It's "Silicon Valley" - not "Silicone Valley".

[@Rachel-yi8yy]

Sounds like it’s a slippery place live