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☆ The Strange $55 Million Saga of a Netflix Series You’ll Never See
▼ + stars: | 2023-11-22 | by ( John Carreyrou | More About John Carreyrou | ) www.nytimes.com time to read: +1 min

He had directed only one movie, “47 Ronin.” It was a commercial and critical dud, and Mr. Rinsch’s tussles with its producers had raised eyebrows, even in an industry where such conflicts are the norm. Amid the feeding frenzy, the project that Mr. Rinsch was pitching — a science-fiction series about artificial humans — became a hot property. After a competitive auction, Mr. Rinsch and his representatives reached an informal eight-figure agreement with Amazon. The project with Mr. Rinsch has turned into a costly fiasco, a microcosm of the era of profligate spending that Hollywood studios now are scrambling to end. Netflix burned more than $55 million on Mr. Rinsch’s show and gave him near-total budgetary and creative latitude but never received a single finished episode.

Persons: Carl Erik Rinsch, Rinsch’s, Rinsch, Cindy Holland Organizations: Disney, Apple, Amazon, Netflix, Hollywood Locations: Hollywood

☆ Reading List: Scams and Scammers
▼ + stars: | 2023-11-08 | by ( Amanda Taub | ) www.nytimes.com time to read: +2 min

In financial frauds, the core promise is always essentially the same: profit without risk. But the details of how that promise gets packaged are telling. Madoff and Holmes profited by promising wealth and validation to elites who feared that not having enough of one meant they couldn’t really have the other. Bankman-Fried, by contrast, seems to have invented himself as the fulfillment of a very different desire: success outside the bounds of powerful institutions. In retrospect it was a perfect pitch for cryptocurrency speculators who wanted to believe that they, too, could make a fortune without any traditional financial background or connections.

Persons: Bernie Madoff’s, Elizabeth Holmes, John Carreyrou, meritocracy, Madoff, Holmes, Zeke Faux Organizations: Apple Locations: Silicon, America, cryptocurrency

☆ He Went After Crypto Companies. Then Someone Came After Him.
▼ + stars: | 2023-06-18 | by ( John Carreyrou | ) www.nytimes.com time to read: +2 min

Joe Delich, a classmate who later worked with Mr. Roche at his law firm, remembers him constantly checking the price of Bitcoin on his laptop during classes. Mr. Roche cashed out before a big price drop, earning about $100,000 in profits. As a third-year student, Mr. Roche collaborated with a professor on a paper discussing Bitcoin’s virtues as the first currency free from government interference. By then, Mr. Roche was a first-year associate at Boies Schiller Flexner, where he was developing a reputation as the kid who understood crypto. But many people considered Dr. Wright a fraud, calling into question the notion that he had mined early blocks of Bitcoin, much less cheated someone out of them.

Persons: Joe Delich, Roche, ”, Boies Schiller, Ira Kleiman, Craig Wright, Satoshi Nakamoto, Kleiman, Wright, David, David Kleiman Organizations: Purdue University, Northwestern University’s Pritzker School of Law, Mr, Street Locations: Miami

☆ Green juice no more: Elizabeth Holmes can expect hot dogs, macaroni, and tacos in prison
▼ + stars: | 2023-06-06 | by ( Elana Klein | ) www.businessinsider.com time to read: +3 min

Elizabeth Holmes reported to prison on May 30, 2023, after being convicted of fraud and conspiracy. Before her sentence began, Holmes maintained a vegan diet and regularly drank green juices. Her prison camp in Texas serves foods like hot dogs, tacos, hamburgers, and macaroni. A vocal proponent of green juice, disgraced Theranos founder Elizabeth Holmes will have to get used to some changes to her usual diet during her 11-year prison sentence. Other changes to her daily life will include limited access to technology and daily headcounts, Insider previously reported.

Persons: Elizabeth Holmes, Holmes, John Carreyrou, Amanda Seyfried, Sunny Balwani, Fortune, MARK FELIX Organizations: Inc, Theranos, Federal, BBC, of Prisons Locations: Texas, Bryan , Texas

☆ Elizabeth Holmes was so obsessed with Steve Jobs she wanted an Apple flag flown half-mast at Theranos after he died: book
▼ + stars: | 2023-06-04 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Elizabeth Holmes wanted an Apple flag flown at half-mast after Steve Jobs died, per "Bad Blood." Elizabeth Holmes ordered a specially made Apple flag to be flown at half-mast at Theranos' headquarters after Steve Jobs died, according to a book. According to "Bad Blood," they wanted to fly an Apple flag at half-mast in the grounds of the Theranos building in Palo Alto. A Theranos employee volunteered to try to find an Apple flag to buy but couldn't find one. According to "Bad Blood," Theranos employees could pinpoint which chapter of the book Holmes was up to based on the period of Jobs' career she appeared to be imitating.

Persons: Elizabeth Holmes, Steve Jobs, John Carreyrou's, couldn't, Holmes, who's, Sunny Balwani, Elizabeth, Sunny, Theranos, Walter Isaacson's, Jobs, Balwani, Rupert Murdoch, Balwani didn't Organizations: Apple, Wall Street, CNBC, Walgreens Locations: Palo Alto, Texas

☆ Elizabeth Holmes ordered dinners for Theranos staff but made sure they weren't delivered until after 8 p.m. so they worked late: book
▼ + stars: | 2023-06-03 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Theranos founder Elizabeth Holmes started serving her 11-year sentence on May 30. John Carreyrou's "Bad Blood" said Holmes ordered communal dinners, helping keep staff working late. Staff surveillance reportedly involved monitoring arrivals and having assistants add them on Facebook. Ordering communal dinners was reportedly one of several unusual tactics Holmes, who tried to model herself on Steve Jobs, would use to both inspire and intimidate Theranos employees. According to the book, Holmes' assistants would track the arrival and departure time of workers each day, while IT staff would monitor the software being on employees' computers.

Persons: Elizabeth Holmes, John Carreyrou's, Holmes, Steve Jobs, Carreyrou, Bryan Organizations: Staff, Facebook, Wall, Journal, The Locations: Bryan , Texas

☆ How Elizabeth Holmes convinced powerful men like Henry Kissinger, James Mattis, and George Shultz to sit on the board of Theranos
▼ + stars: | 2023-06-02 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +6 min

The reporters spoke with board members, who explained why they backed founder Elizabeth Holmes. Holmes' board going into the scandal included an unusual roster of names for a healthcare startup, with leaders who had more experience in politics and government than healthcare. For the most part, the board members seemed to be taken by Holmes and her vision. "Secretary Mattis was struck by the promise of technology and was looking for any technology solution to save lives on the battlefield," White said. Auletta in the documentary said the board members spoke about Holmes as if she were a visionary.

Persons: Theranos, Alex Gibney, Elizabeth Holmes, Holmes, John Carreyrou, Sunny Balwani, Balwani, George Shultz, Shultz, Gary Roughead, William Perry, Sam Nunn, James Mattis, Donald Trump's, Richard Kovacevich, Wells Fargo Henry Kissinger, William Frist, William H, Foege, Riley, Bechtel, Kissinger, Mattis, Ken Auletta, David Boies, Auletta, Axios, Dana White, White, Beethoven, Roger Parloff, he's, Parloff Organizations: Morning, Food and Drug Administration, Wall Street, US, US Marine Corps, Centers for Disease Control, Bechtel Group Inc, New, Mattis, Theranos, Securities and Exchange Commission, Fortune Locations: Texas, California, Silicon Valley

☆ Elizabeth Holmes just reported to prison. It'll be a drastic change of lifestyle for the convicted Theranos founder.
▼ + stars: | 2023-05-31 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +4 min

Theranos founder Elizabeth Holmes has reported to prison to begin her 11-year sentence. After several delays, she arrived at a federal prison camp in Bryan, Texas on May 30. Once worth billions on paper, Holmes can expect a drastic change in lifestyle in custody. She reported to a federal prison camp for women in Bryan, Texas, to commence her sentence after losing her most recent appeal. Holmes wouldn't be able to walk freely about the prison camp, and her timetable would be strictly controlled.

Persons: Elizabeth Holmes, Holmes, fraudster Elizabeth Holmes, adieu, John Carreyrou, Bryan, Billy Evans, Philip Pacheco, Theranos, Holmes wouldn't, Bryan she'd Organizations: Securities and Exchange Commission, Wall Street Journal, Getty, CNBC, The New York Times, Times Locations: Bryan , Texas, Silicon Valley, Woodside, San Diego

☆ "Some people are like 'I want to be her friend,' says an inmate at a Texas federal prison camp ahead of Elizabeth Holmes' arrival: WSJ
▼ + stars: | 2023-05-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Inmates at a Texas federal prison camp are looking forward to Elizabeth Holmes' arrival, per WSJ. Holmes is scheduled to start serving her 11-year sentence at the federal prison camp in Bryan, Texas on Tuesday. The Bryan prison camp is a minimum security, all-female facility about 100 miles from Houston. Inmates at a Texas federal prison camp are looking forward to Elizabeth Holmes' arrival, according to a Sunday report from The Wall Street Journal. The Bryan prison camp is a minimum security, all-female facility about 100 miles from Houston.

☆ Elizabeth Holmes reports to prison in a day. It'll be a drastic change from her life of luxury as a onetime billionaire.
▼ + stars: | 2023-05-29 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +4 min

Theranos' founder, Elizabeth Holmes, is finally set to report to prison Tuesday. After several delays, she's expected to report to a federal prison in Texas by 2 p.m.Once worth $4.5 billion, Holmes can expect a drastic change in lifestyle. She's expected to begin her sentence at a federal prison camp for women in Bryan, Texas, after losing her most recent appeal. Before Theranos collapsed, Holmes would usually dine at expensive restaurants and go on shopping sprees, according to emails cited by prosecutors during her trial. Holmes wouldn't be able to walk freely about the prison camp, and her timetable would be strictly controlled.

☆ Elizabeth Holmes faces 6 a.m. wake-up calls and making her own bed at federal prison camp
▼ + stars: | 2023-05-28 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

The Theranos founder is expected to do so at Bryan federal prison camp in Texas. Elizabeth Holmes, the convicted founder of Theranos, is expected to start serving her 11-year sentence at a federal prison camp in Texas Tuesday. At the prison camp, the 39-year-old mother of two will have no choice but to don khaki prison garb. A copy of "Bad Blood," John Carreyrou's book about the rise and fall of Holmes and Theranos, has been spotted in the library of the prison camp, per The Journal. The prison camp holds about 650 women convicted of white-collar crimes, according to the Federal Bureau of Prisons.

☆ Elizabeth Holmes has given a series of bizarre interviews to the NYT as she delays starting her 11-year prison sentence
▼ + stars: | 2023-05-07 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +4 min

Convicted fraudster Elizabeth Holmes has given a series of pre-prison interviews to the New York Times. Disgraced Theranos founder Elizabeth Holmes has given an extensive series of interviews to the New York Times, published days after she managed to delay the start of her 11-year prison sentence. Holmes was convicted of four counts of fraud and conspiracy in January 2022 and was handed an 11-year prison sentence. Holmes didn't press charges. Representatives for Holmes didn't immediately respond to a request for comment from Insider.

☆ Elizabeth Holmes owes over $25 million to Theranos, lawsuit says
▼ + stars: | 2023-03-17 | by ( Yasmin Khorram | ) www.cnbc.com time to read: +3 min

Former Theranos CEO Elizabeth Holmes (C) arrives at federal court with her mother Noel Holmes (L) and father Christian Holmes on September 01, 2022 in San Jose, California. Elizabeth Holmes hasn't paid back over $25 million to creditors of her former Theranos company as she tries to delay her 11-year prison sentence, according to a lawsuit. According to the breach of contract suit, Holmes executed three promissory notes while she was CEO of the failed blood-testing company. The promissory notes were as follows, according to the lawsuit:August 2011 in the amount of $9,159,333.65. Holmes founded Theranos in 2003 after dropping out of Stanford, with the promise of revolutionizing the healthcare industry.

☆ Elizabeth Holmes has asked for 18 months of house arrest to avoid going to jail for her Theranos fraud convictions, reports say
▼ + stars: | 2022-11-12 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Elizabeth Holmes has asked for a lenient 18-month sentence at home before her sentencing next week. Lawyers said prison was not necessary because Holmes had already been "mocked and vilified" enough. Holmes faces up to 20 years in prison for each of the four fraud charges she was convicted of. An 82-page filing seen by The Associated Press and Bloomberg reportedly shows that she asked for a lenient sentence under house arrest, which came alongside more than 130 letters from Holmes' friends, family, Theranos investors and former employees, who lawyers said showcased "the real Elizabeth Holmes." Sunny Balwani, her former partner, was separately convicted in July on all 12 counts of investor and patient fraud with which he was originally charged.

☆ Star witness who visited Elizabeth Holmes after fraud trial says 'she needs to pay her debt to society'
▼ + stars: | 2022-10-17 | by ( Yasmin Khorram | ) www.cnbc.com time to read: +3 min

"I don't want to help Ms. Holmes, she's not someone who should be helped," said former Theranos lab director Adam Rosendorff. "The only person who can help Ms. Holmes is herself. He spent six days on the stand, which was longer than any other witness, during Holmes' high-profile trial. "And I understand Ms. Holmes may be pregnant again." Leaving court, Holmes did not answer questions about whether she was pregnant with a second child.

Of the 11 charges, Holmes was acquitted on all that related to defrauding patients and one count of conspiracy. In total, Holmes was found guilty of defrauding investors of nearly $145 million. Federal prosecutors have said Holmes duped investors into supporting a product she knew was faulty, particularly as Theranos began to teeter on bankruptcy. Balwani, who faces his own charges and a separate trial, did not speak at Holmes' trial. Defense attorney Kevin Downey asked Holmes to recount the early days of Theranos, as she sought advisers through the Stanford community, developed a business plan, attracted investment and — she thought — “nailed” expectations.

☆ Topul anului 2018. Ce cărți au citit și recomandă cei mai influenți oameni de afaceri din lume
▼ + stars: | 2018-12-19 | by ( Onixmedia Srl | ) diez.md time to read: +3 min

Topul anului 2018. Ce cărți au citit și recomandă cei mai influenți oameni de afaceri din lumeRevista Bloomberg a realizat un top al celor mai citite și recomandate cărți de către cei mai influenți oameni de afaceri din lume. În anul 2018, multe cărți care au ajuns în top abordează subiectele legate de tehnologii și rețelele de socializare și modul cum acestea influențează viața oamenilor. Cea mai recomandată carte de liderii lumii, pentru Bloomberg, este The Coddling of the American Mind (Codificarea minții americane), de Greg Lukianoff și Jonathan Haidt. Pe locul doi s-a clasat Bad Blood (Sânge Rău), de John Carreyrou.

Persons: Topul, În, de tehnologii, Greg Lukianoff, Jonathan Haidt, John Carreyrou, Gil, de James, Deborah Fallows, Tara Westover, de Tyler Cowen, Leonardo da Vinci, de Walter Isaacson, de Alan Gratz, Hans Rosling, Ola Rosling, Anna Rosling Rönnlund, Edward Tenner, Dan Barber, de Marty Cagan, Grant, de Ron Chernow, de Ray Dalio, de Daniel Coyle, Satya Nadella, Jill Tracie Nichols, Greg Shaw, de Paul Volcker, Christine Harper, Jeremy Heimans, Henry Timms, Ulysses S, de Ulysses S, Pearl, Dana Mackenzie, Patty McCord, Be, de Ichiro Kishimi, Fumitake Koga, de Brené, John Marshall, de Joel R, Paul, de Denis Johnson, Mark Helprin, de Graham Allison, de Lisa Brennan, Max Tegmark, Paula McLain Organizations: lume Revista Bloomberg, Bloomberg, of, Society of Free, Food, Tech, Sound, Good Government, Intelligence Locations: jos, of America, Paris, America, China

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