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The company's board was stuffed with trusted former US officials - similar to how LFG's board was full of 'trusted' crypto figures - but it was later revealed that the board was easily swayed, and Holmes herself had all the power - just like how Do Kwon lied about the multisig...
Former employees & people with insider information went to John Carreyrou from the WSJ, who was investigating the Theranos fraud. He was threatened with defamation lawsuits and there were internal campaigns against him trying to kill the news story ASAP. He refused to yield.
When the news came out, Holmes responded by outright lying to the public, despite all of the evidence (remind you of a certain recent tweet?) - she expected that everyone would just believe her again - "but this time it was different - people were asking serious questions."
In the end, Theranos gets investigated by the SEC, is sued by investors who were manipulated, and the sociopathic Holmes is hit with fraud charges. "History doesn't repeat itself, but it often rhymes." Great video, can't believe I haven't seen it before:https://www.youtube.com/watch?v=3CccfnRpPtM …
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