When someone lies in order to convince someone to invest -- that's called fraud.
The failure to conduct diligence does not idemnify Theranos. They weren't exaggerating-- they were making claims that just weren't true -- and the knew those claims weren't true and still went to investors with the lies. That shows criminal intent and not just incompetence.
The failure to conduct diligence does not idemnify Theranos. They weren't exaggerating-- they were making claims that just weren't true -- and the knew those claims weren't true and still went to investors with the lies. That shows criminal intent and not just incompetence.