I have that at times, don’t you? We see something, we see a statement and we go towards the ‘Are you for real?’ queue. This happened to me this morning. It was an article about the ‘Theranos founder Elizabeth Holmes’ I had seen a few pass by on earlier occasions and for the most I do not care. There is nothing novel and news about someone blowing its own trumpet trying to be as important as they could never be, to be as innovative as they dream they are and as clever as they could hope to be. Even Google takes a gander as she is now seen as a ‘American former businesswoman’, former being the operative word. We see some papers throw ‘How Elizabeth Holmes lured rich VIPs like Rupert Murdoch to back Theranos’ at us, with the optional “to avoid the potential pressure from larger investment firms to go public, according to an investor at the DeVos family office who kicked in $US100 million for the blood-testing startup”, and there we have the first part, even if it is hidden between the lines. It is ‘to avoid the potential pressure’, and no one here beckons the thought that some (especially investment firms) going with ‘to avoid the gaze of scrutiny’. Then there is ‘Elizabeth Holmes trial hit by new concern: losing too many jurors’ for whatever reasons (one involving Sudoku), and I see no real interest, but in the first setting with what the BBC gives us now, I see a much larger flaw, a flaw of stupidity. You see the article (at https://www.bbc.co.uk/news/business-59071205) gives us that one part, that one statement ‘Are you for real?’ It was not the headline ‘DeVos family ‘misled’ before investing $100m’, it was the quote “Lance Wade, suggested the DeVos family had not done proper due diligence, to which Ms Peterson replied: “We didn’t think we needed it.”” In this my personal view of Lisa Peterson, a representative of the DeVos family’s investment office, states that it was not needed? How blazingly stupid is this investment office? More important when we consider that Betsy Devos, a Republican, served as education secretary under Donald Trump. We need to wonder if the defendant shouldn’t be let off in line of the old expression of ‘A fool and his/her money are soon parted’. It is one of the reason that only three players are allowed onto my 5G IP, but to be honest, it was done for very different reasons, the idea that an investment firm is too stupid to be allowed anywhere near my IP is a novel idea and I have to admit that I never considered that. The idea that $100,000,000 does not require due diligence with the optional “We didn’t think we needed it” is the wet dream of any organised crime endeavour. So what on earth is the case here? In the setting of Elisabeth Holmes, if she gets nicked for her actions, fine! And in this case, if she is seen as a person who was delusional yet not guilty would be just as as fine as the first option. To be honest, I have no issues with people being delusional, at times we all are. Yet the idea that she might walk because the prosecution side didn’t think it was essential to have due diligence on investing $100,000,000 makes me giggle and if she is released because of that so much the better. To be honest, this is seemingly turning into a new version of war of the Roses, a stage of dumb and dumber part 3. Devos versus Holmes and the one more stupid gets the other one off the hook, a novel setting indeed.
Even as we all recognise that Fraud is a serious crime and a more serious accusation. I now wonder on the diligence that Wade Miquelon, the former chief financial officer of pharmacy chain Walgreens did. This is not an accusation, it is a question. I do not have access to an active case and I do not have insight into what happened before, hence I ask. There is now also the question on ‘Former Safeway boss Steve Burd said his company spent 100 hours doing due diligence on Theranos’ I am not doubting Steve Burd, I wonder how complete the cover-up was to get this man on board. And the less said about Sunil Dhawan the better, from what I gather, he seems to be the putz, an optional shield for Elisabeth Holmes to hide behind, one that didn’t pan out as far as I can see.
And as I started today, I saw a side of a fraud case that had me baffled, for most of us (ever republicans) this is a case that is loaded with entertainment and that distinction would make me want to put down my game of Sudoku, it honestly would.