Whether it’s Sam Bankman-Fried, Bernie Madoff, or Elizabeth Holmes, it seems like super-rich con artists only get prison time when their victims also include the super rich.
@rbreich you see it too? the billionaires who doubled their wealth in the last 3 years, how did they manage that in a time when there was rampant inflation and major supply chain problems? They managed to double their wealth by stealing our wealth. They raised the prices for everything because they wanted more of our money and they got it. Now we're getting screwed with higher interest rates, while still trying to deal with that high inflation.
Unless there's a deflationary period, that high inflation (9% in the US) happened and is still baked into the prices for everything we buy.
@rbreich the people who investing in theranos continually got plenty of warnings from a multitude of credible sources that the claims were physically impossible and kept throwing money at her