this post was submitted on 07 Sep 2024
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What's the argument against it being illegal? This seems like a no-brainer.
I spent part of the last two weeks reading 'Bad Blood', a book about Elizabeth Holmes and Theranos, and how they mishandled and faked test results, creating problems for many of their customers. It just seems obvious to me that this kind of deception and fraud is particularly immoral.
The Theranos case is not a scientific fraud in that sense if I understand the article correctly. Holmes had raised hundreds of millions of USD over several years before the first scientist even joined the Theranos board. They apoarently never had a technical (and assumably no financial) due diligence for their 'blood test', let alone a research paper. I'd call that a financial fraud, not a scientific fraud.