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Theranos Trial Recalls Joe Biden Effusive Praise for Fraud Elizabeth Holmes

truepundit
True Pundit September 6, 2021
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The beginning of the Elizabeth Holmes trial recalls the dozens of political figures who endorsed the emerging Silicon Valley company Theranos — but few were as enthusiastic as then-Vice President Joe Biden.

Biden visited and toured Theranos with CEO Elizabeth Holmes in 2015, just months before the Wall Street Journal revealed the company falsified information about their proprietary technology.

The company falsely claimed they could deliver accurate blood laboratory tests with only a pinprick of blood for lower costs, fueling widespread praise from political figures for revolutionizing health care.

The company was once valued at $9 billion, raising hundreds of millions from investors.

Details of Biden’s 2015 visit were highlighted by Theranos, including his effusive praise for Holmes.

“Talk about being inspired. This is inspiration. It is amazing to me, Elizabeth, what you’ve been able to do,” Biden said.

He also praised the company for “maintaining the highest standards” even while charging low prices for their blood tests, lauding them for changing the future of accessible health care. – READ MORE

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