386

What are some notable scams in history that went unnoticed for so long? (lemmy.ml)

submitted 1 year ago by bady@lemmy.ml to c/asklemmy@lemmy.ml

459 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] ModernRisk@lemmy.dbzer0.com 29 points 1 year ago* (last edited 1 year ago)

Theranos ‘company’.

[-] bady@lemmy.ml 13 points 1 year 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

this post was submitted on 10 Aug 2023

386 points (98.2% liked)

Asklemmy

44152 readers

821 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS