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18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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The Justice Department Joins the SEC in Investigating Theranos

The NYT is reporting that Theranos sent a letter to outside partners, announcing news that the Justice Department of the United States of America has opened up an investigation into the fuckery that has transpired at Theranos, a company run by college drop-out Elizabeth Holmes.

The note detailed growing list of inquiries from federal and state officials, many of which have looked into the company’s claims about its technology. The United States attorney’s office in San Francisco, which Theranos said was conducting the investigation, declined to comment, as did the S.E.C. Theranos would not elaborate about the exact nature of the investigation.

The company pointed out that the investigations began after articles about the company by The Wall Street Journal.

“The company continues to work closely with regulators and is cooperating fully with all investigations,” Brooke Buchanan, a spokeswoman for Theranos, said in an email.

It’s worth reminding everyone that the real architect of Theranos’ technology is a gentleman by the name of Dr. Gibbons. Sadly, in May of 2013, after the company had duped investors into believing it was worth billions, he committed suicide. It’s also worth noting that former board member, Henry Kissinger, had an alibi for that evening.

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One comment

  1. bushwacker2

    Nobody cares about this story—although I do find Elizabeth Holmes alluring in a strange Alfred Hitchcock kind of way.

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    • 0 Deem this to be "Fake News"