▲ 385 ▼ What are some notable scams in history that went unnoticed for so long? (lemmy.ml) submitted 3 years ago by bady@lemmy.ml to c/asklemmy@lemmy.ml 452 comments fedilink hide all child comments
[–] ModernRisk@lemmy.dbzer0.com 29 points 3 years ago* (1 child) Theranos ‘company’. permalink fedilink source hideshow 2 child comments replies: [–] bady@lemmy.ml [S] 13 points 3 years ago Oh yes, I've heard about this. Thanks for reminding. Adding more details for others: Founded in 2003 by then 19-year-old Elizabeth Holmes, Theranos raised more than US$700 million from venture capitalists and private investors, resulting in a $10 billion valuation at its peak in 2013 and 2014. The company claimed that it had devised blood tests that required very small amounts of blood and that could be performed rapidly and accurately, all using compact automated devices which the company had developed. These claims were later proven to be false. https://en.wikipedia.org/wiki/Theranos permalink fedilink source parent
[–] bady@lemmy.ml [S] 13 points 3 years ago Oh yes, I've heard about this. Thanks for reminding. Adding more details for others: Founded in 2003 by then 19-year-old Elizabeth Holmes, Theranos raised more than US$700 million from venture capitalists and private investors, resulting in a $10 billion valuation at its peak in 2013 and 2014. The company claimed that it had devised blood tests that required very small amounts of blood and that could be performed rapidly and accurately, all using compact automated devices which the company had developed. These claims were later proven to be false. https://en.wikipedia.org/wiki/Theranos permalink fedilink source parent