Hillary Clinton’s Protogé Faces Decades In Prison On Billion Dollar Fraud Charges


Elizabeth Holmes, who donated to Hillary Clinton's campaign and was described as her "protogé", has been arrested on fraud charges.

Elizabeth Holmes, the CEO of medical startup Theranos, who donated big dollar sums to Hillary Clinton’s presidential campaign and was described by Hillary as her “protogé”, has been arrested on billion dollar wire fraud charges and is expected to spend decades in prison. 

 Holmes, 34, is the “self-made billionaire” head of a company that was valued at $9 billion, which was at the time more than Uber or Spotify. Its Edison platform promised a revolutionary blood test that only required a finger prick as opposed to blood drawn from a vein.

 Barack Obama appointed her as a Presidential Ambassador for Global Entrepreneurship. She buddied up closely with Hillary, and raised big money for her doomed presidential run. Bill Clinton interviewed her in an event for the Clinton Global Initiative and told the world Holmes was going to bring “equality” to the healthcare industry. Instead, like the Clinton Foundation, she has been exposed as a total fraud.

 The Clinton’s friends just keep getting arrested. The network is being slowly but surely untangled. The corrupt Clinton Foundation, the holy grail of honest investigators, is now in their crosshairs.

 Western Journal reports: On Friday, Holmes was indicted on wire fraud charges by federal prosecutors in the Northern District of California. Theranos is very close to being liquidated, basically having lapsed into “Enron 2: Electric Boogaloo.”

 As it turned out, Holme’s “revolutionary platform” could barely perform a few of the 240 tests the company had promised, and even then it didn’t perform them well. As Vanity Fair reports, Holmes, 34, could be spending decades in jail, all because the company she started in 2003 after dropping out of Stanford apparently turned out to be little more than a way to spend investors’ dollars, poorly.

“According to the indictment, Holmes and (Theranos COO and president Ramesh) Balwani used advertisements and solicitations to encourage and induce doctors and patients to use Theranos’s blood testing laboratory services, even though the defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests,” a statement from the U.S. Attorney’s Office read. “The tests performed on Theranos technology, in addition, were likely to contain inaccurate and unreliable results.”

“The indictment alleges that the defendants used a combination of direct communications, marketing materials, statements to the media, financial statements, models, and other information to defraud potential investors. Specifically, the defendants claimed that Theranos developed a revolutionary and proprietary analyzer that the defendants referred to by various names, including as the TSPU, Edison, or minilab. The defendants claimed the analyzer was able to perform a full range of clinical tests using small blood samples drawn from a finger stick. The defendants also represented that the analyzer could produce results that were more accurate and reliable than those yielded by conventional methods — all at a faster speed than previously possible.”

 In addition to the criminal indictment, Holmes has already agreed to pay a civil penalty of $500,000 to the Securities and Exchange Commission for fraud in an agreement that mandated she not be able to head a public company for 10 years. (Theranos is a privately held company, although Holmes stepped down as CEO on Friday after her indictment.)

 So, how did Elizabeth Holmes sucker so many people? It’s worth noting that this is a bipartisan scandal in many ways. Before he became defense secretary, James Mattis served on Theranos’ board, as did former Reagan administration Secretary of State George Shultz. (Shultz’s grandson was one of the whistleblowers on Theranos’ alleged illegal activity, according to The Wall Street Journal.) According to The New York Times, media mogul Rupert Murdoch and Secretary of Education Betsy DeVos lost huge amounts of money in the enterprise.

 However, each of them seemed to have been taken either by the science behind Theranos’ device or the possible applications for it (in the case of Shultz and Mattis) or because it represented a prime investment opportunity (in the case of Murdoch and DeVos).

 When it comes to Bill and Hillary Clinton and Obama, however, things get a bit murkier.

 It probably won’t surprise you, given that she helmed a Silicon Valley startup, that Holmes was a Clinton donor. Not only that, but Hillary Clinton had planned to host a fundraiser at Theranos until media attention forced her to host it elsewhere. (Even liberals were embarrassed.) The planned $2,700 a head event was to feature Chelsea Clinton, but apparently even the media couldn’t ignore the fact that she was hosting an event at a company that was under federal investigation.

“(The event) is not connected to a specific company or policy, but a chance to talk directly to women in tech,” Clinton’s campaign said at the time, according to the Washington Free Beacon. “We frequently send initial invitations while host committees are still being formed and locations finalized. This was never a health care event and the location wasn’t set. It will not be at Theranos.”

 That was hardly the only contact that the Clintons had with her, however. When Bill Clinton interviewed Holmes in 2015 for his Clinton Global Initiative, an arm of the scandal-plagued Clinton Foundation, he noted that she started the company when she was only 19.

“Don’t worry about the future, we’re in good hands,” Clinton said. Holmes, for her part, talked about bringing “equality” to health care.

 President Obama went even further than the Clintons in embracing Holmes. In 2015, he invited the CEO to the White House, where he made her a Presidential Ambassador for Global Entrepreneurship. If you’re wondering what a Presidential Ambassador for Global Entrepreneurship does, it’s stuff like this PSA:

 So, what’s the overarching point here? Why would Hillary Clinton and the Obama administration get so involved with Holmes? We don’t necessarily impugn their judgment on her company’s viability, inasmuch as almost nobody knew it was a fraud.

 On the other hand, they didn’t really seem to care whether it was or not. Hillary Clinton’s campaign wanted to hold a campaign event at Theranos well after it became clear, thanks to The Wall Street Journal’s reporting, that the company was suspected at least of some very shady things.

 The fact was that Elizabeth Holmes was a Democrat’s dream.

 Here was a young, millennial woman CEO saying all the right things about breaking the glass ceiling and instituting “equality “in health care. So what if her product was promising things that seemed impossible? So what if her company was under investigation? After all, she just brushed it off as the ossified medical establishment coming after her company. She was great copy.

 And so, in a way deeper than Theranos’ investors or board members did, they co-signed Holmes’ reputation as the next Steve Jobs. The great thing for the Democrat mind was that the next Jobs came in a package that echoed all of their political prejudices. Or, in a kind of corruption of philosophy and politics that’s worse — and deeper — than financial misdealing, was it that she was the next Steve Jobs because she echoed all of their political preferences?

 We’ll probably never know the answer to that chicken-or-egg question. We do know one thing for sure, however:

 If only Hillary Clinton and Obama had waited a little while, they’d have figured out they were dealing not with a Steve Jobs but instead a Kenneth Lay.

https://yournewswire.com/hillary-clinton-protoge-fraud-charges/

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I love how the ones who cry and complain about that so-called glass ceiling are the very ones rising above and looking down on the imaginary ceiling, proving there is no such thing.

 Jean,

 This whole thing I just shared is new to me, it was like wow!! cause I did not know, and I do not pretend that I know it all. And yep, the crying has started, hope to see Hillary in the house behind bars.

LOL Tif

ditto to that, Tif.  That is where she belongs.

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ALERT ALERT

 Rush Limbaugh: Hillary Just Admitted To Everything
I’ve Been Trying To Warn People About The Democrats!ll  

(TeaParty.org) – Rush Limbaugh, the godfather of conservative punditry, has a hait of being right.

And he’s well aware of this.

During a recent show, the commentator pointed out that Hillary Clinton had recently confirmed everything he’s been saying about Democrats for years.

Clinton, whose recent interview with CNN journalist Christiane Amanpour made headlines for many of the stunning things she said, also made a call for non-civility because the Democrats are not in power.

“You cannot be civil with a political party that wants to destroy what you stand for, what you care about,” she said. “That’s why I believe, if we are fortunate enough to win back the House and or the Senate, that’s when civility can start again. But until then, the only thing that the Republicans seem to recognize and respect is strength.”

“(Hillary) pretty much admitted everything I have been trying to warn people of about the American left and the Democrat Party!” Limbaugh responded on his show.

“She went out and in her best Maxine Waters impersonation,” he continued. “She was encouraging people to be uncivil, and she was saying that it was justified being uncivil, given the opposition, the Republicans.”

Rush is well-aware that Democrats have only been feining civility whenever it suits their desperate pursuit of power.

“(I)f they win the House, then they can go back to being civil. If they win the Senate, then they can return to civility,” he summed up Clinton’s position.

“I mean, they’re making the case, they’re proving the point .… In all of this crazy, deranged, unhinged behavior of left-wing activists, I haven’t heard one elected Democrat denounce it,” he explained. “I haven’t heard one elected Democrat attempt to distance himself or herself or the party from it.”

The behavior he speaks of has been on full display in the attempt by an angry mob to disrupt Ted and Heidi Cruz’s dinner last month, and the angry mob that tried to knock down the 30-ton doors to the Supreme Court when Brett Kavanaugh was sworn in.

This is not a change in the tenor of Democrats, Limbaugh explained, but only them showing their true colors.

“They are all encouraging it. My point is: This is who they all are — and with Hillary Clinton now advocating this incivility,” he said.

“What did I tell you yesterday? We’re not in a battle of ideas anymore. We’re not in an argument over ideas,” he continued. “They don’t… They’re not even looking at any of this as about ideas.”

He explained that the right and the left vary not just in ideology, but in their fundmantal view of America.

“They see America today as flawed and illegitimate and, therefore, in need of a new set of defining values that will serve to unify the people who want to be part of America,” he continued.

“Not anything to do with our founding. Not the Constitution. Not the Declaration. That’s out the window ’cause all that’s tainted,” he said, explaining the way the left sees things. “All of that was written by a bunch of privileged white guys who were setting up a system for themselves and their families and their descendants.”

But we don’t even need Limbaugh to explain this…this comes right from the horse’s mouth:

Sarah Palin    @SarahPalinUSA

Rush Limbaugh: Hillary Literally Just Came Clean on Everything I’ve Been Saying About the Left

Rush Limbaugh: Hillary Literally Just Came Clean on Everything I’ve Been Saying About the Left -...

There are few people who can call out the empty […]

chicksonright.com

New York Gov. Andrew Cuomo recently declared that “America was never great.”

Michelle Obama claimed to have never been proud of her country until they elected her husband.

Her husband openly admitted he wanted to “fundamentally transform” our country.

Maxine Waters refuses to backtrack on her call to harass GOP lawmakers in public.

All this while Antia wages war on anyone they disagree with, armed with whatever makeshift weapon the can scrape together.

They’re telling is what they’re up to. It’s time to start listening.

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