Why Are You Still Not Getting That She Is Just A Common White-Collar Criminal
Elizabeth Holmes with her fake voice, fake smarts, fake influence, and fake style should not be seen as this oddity that boggles your imagination
If you are still mesmerized by the Theranos founder/fraudster and chief/thief’s brazen attitude and behavior to abuse the privilege of public trust and institutional endorsement to improve healthcare outcomes, then you should place into context what in essence is being projected unto her in terms of cultural biases and then question those motives that are laden with belief-insensitivity.
Anyone with a natural sense of skepticism and professional awareness could see that Ms. Holmes was committing fraud. Holmes is far from being an enigma of sorts. There is nothing fascinating about her.
Don’t switch the focus and the subject of her criminality. I could care less how she sounds, it is what she did and how she was able to get away with it that piques my curiosity.
What does it mean rather, to allow this blind ambition that was granted with the benefit of doubt and the notoriety she really craved. Something that is missed in all of this reporting, yet vetted by the mass media complex in sensationalizing fashion.
Long recognized as a contrast to common crime, white‐collar crime was defined initially as ′′crime committed by a person of respectability and high social status in the course of his occupation” (Ref. 1, p 1). This definition evolved to “economic offenses committed through the use of some combination of fraud, deception or collusion” (Ref. 2, p 331). The most widely accepted current definition2 is that white‐collar crime is of eight specific types: (1) embezzlement; (2) antitrust offenses; (3) securities fraud; (4) mail and/or wire fraud; (5) false claims and statements; (6) credit and/or lending‐institution fraud; (7) income tax fraud; and (8) bribery.¹
A Case Control Study: White‐Collar Defendants Compared With Defendants Charged With Other…
We examined the clinical, criminal, and sociodemographic characteristics of all white‐collar crime defendants referred…
Here is what really is bizarre. White-collar crime has had to be redefined over time based primarily on the culturally biased perceptions in sophistry involved which undoubtedly are entrenched in racializations, classism, and even gender bias. Comparatively speaking the Bernie Madoff Ponzi scheme lasted over 45 years due apparently from receiving more benefit of the doubt than Holmes’ Theranos scheme which lasted roughly 15 years.
When it comes to white collar offenses a number of stereotypical factors appears to be in play to provide these crimes the momentum to persist undetected and undiscovered because of a confirmation bias as well as a selection bias in our socialized framing. The suspicion just isn’t there nor seems to be warranted, with remarkable xenocentrism in tow, when it comes to expectations within the American cultural milieu.
While Blacks are predominately cited for violent crime and property theft the racial revelations of white collar crime as it pertains to whites (of whom happen to be firmly in or above middle class) is more so an assumption we allude to and not observingly stated with the same vigor.
Ms. Holmes grew up in a world filled with advantages and privilege, surrounded by the influence afforded by parents who worked in and around Washington, D.C. She is the great grand daughter of Bettie Fleischmann — yes the heir of Charles Louis Fleischmann who founded Fleischmann’s Yeast, established the University of Cincinnati’s medical school.
In a case-control study performed by the Michigan Center for Forensic Psychiatry provided by the article from the Journal of the American Academy of Psychiarty and the Law, made what I perceive as a bold research discovery.
In a case‐control study design, the 70 embezzlement cases were compared with 73 defendants charged with other forms of nonviolent theft. White‐collar defendants were found to have a higher likelihood of white race (adjusted odds ratio (adj. OR) = 4.51), more years of education (adj. OR = 3471), and a lower likelihood of substance abuse (adj. OR = .28) than control defendants. Logistic regression modeling showed that the variance in the relationship between unipolar depression and white‐collar crime was more economically accounted for by education, race, and substance abuse.¹
The Nobel Prize winning economist from Chicago Gary Becker “argued that crime could be explained by seeing criminals not as physically or psychologically different kinds of people, but rather as individuals who simply viewed the costs and benefits of criminal activity differently.” — TheAtlantic, 2016.
That says a lot because the costs and benefits were different for Ms. Holmes who was touted as the next Steve Jobs, I guess more so in disguise.
Ahh, the story of Holmes, the dedicated Stanford dropout who was set to save the world, one pinprick of blood at a time, by inventing, at 19 years old, a blood-testing start-up which was once valued at almost $10 billion. For years, Holmes was on top of the tech world, gracing the cover of T: The New York Times Style Magazine, Forbes, Fortune, and Inc., always wearing a black turtleneck and often sitting next to the title: “The Next Steve Jobs.” She was written about in Glamour and The New Yorker. She spoke at the TechCrunch Disrupt conference in 2014, and appeared on Vanity Fair’s New Establishment List in 2015. — Vanityfair, 2018
As Vanity, goes on to report in an interview with Wall Street journal writer and author of the book Bad Blood: Secrets and Lies in a Silicon Valley Startup, John Carreyou who has followed her rise and fall along with other media coverage imbues the reason for my piece on this topic.
When I asked if she feels guilty for all the people’s lives who were affected by those lies, including the investors who lost money, the nearly 1,000 employees who lost their jobs, and the patients who were given completely inaccurate blood results, Carreyrou’s response surprised — shocked? — me. “She has shown zero sign of feeling bad, or expressing sorrow, or admitting wrongdoing, or saying sorry to the patients whose lives she endangered,” he said. He explained that in her mind, according to numerous former Theranos employees he has spoken to, Holmes believes that her entourage of employees led her astray and that the bad guy is actually John Carreyrou. “One person in particular, who left the company recently, says that she has a deeply engrained sense of martyrdom. She sees herself as sort of a Joan of Arc who is being persecuted,” he said.
Ms. Holmes’ only expertise is lying with a straight face…🤔well not really with a straight face but with more of an entitled look!
She was allowed to get away with this much damage because of what society unduly projected unto her with what we already know are normal cultural biases. I mean look who’s president of the United States.
¹ A Case Control Study: White‐Collar Defendants Compared With Defendants Charged With Other Nonviolent Theft. Ernest Poortinga, Craig Lemmen, Michael D. Jibson. Journal of the American Academy of Psychiatry and the Law Online Jan 2006, 34 (1) 82–89;