Claiming that your lab test can detect disease IS fraud U.S. judges say.
Theranos founder Elizabeth Holmes has been convicted of defrauding investors after a month-long trial in California.
Prosecutors said Holmes knowingly lied about technology she said could detect diseases with a few drops of blood, and Jurors agreed, finding Holmes guilty of conspiracy to commit fraud against investors and three charges of wire fraud.
Holmes who didn't even have a medical degree, claimed that she'd invented a new lab machine, called the Theranos, that could detect dozens of undiagnosed diseases in a single drop of blood. The medical fraud won the endorsement of Bill Clinton, and Joe Biden and millions in backing from one Bill Gates. The entire Theranos project was a fraud. Nobody, not even others in the medical profession, questioned the claims, all seeming to take Holmes' claims on faith.
Theranos, at one point valued at $9bn (£6.5bn), became the darling of biotech and Silicon Valley. On the strength of her stories Holmes was able to raise more than $900m from billionaires such as media magnate Rupert Murdoch and tech moguls Larry Ellison and Bill Gates. The firm promised it would revolutionise the healthcare industry with a test that could detect conditions such as cancer and diabetes with only a few drops of blood before any symptoms emerged.
The case has more than a few alarming similarities to Covid lab tests. The creator of the first PCR test that could supposedly detect Covid has made similar claims about his kits that don't stand up to scrutiny. Just like the Theranos machine fraud, the PCR test concerns the misapplication of a lab test. According to Doctor Mark Bailey the test cannot confirm SARS-Cov-2. From the outset, he maintains, the purpose of this misapplication was to proved the statistical basis for a pandemic. "There was simply no basis to push the start button on a pandemic that the WHO and the pharmaceuticals companies were desperately seeking." But it should be noted that Pfizer and Moderna had lost over $1 Billion in the year before the pandemic, and needed to plug the huge gaps in their bank balances.
Only days after the Covid pandemic was declared a scientist by the name of Christian Drosten, claimed he had created a test that could detect Covid-19. Just like the Theranos machine, Drosten's claims were never looked into or peer reviewed. They were published as fact in science journals without any proof they worked. Closer examination of the paper states that the PCR test was developed "without having virus material available" but that appeared to be entirely overlooked.
Once this was done 'cases' began to rise. Dr Bailey states that "it was international fraud in full view" and that "the stench of fraud was everywhere". Drosten had failed to declare that he was a member of the Eurosurveillance editorial board when his paper was published in it on the 23rd January, just two days after submission. But worse than that was the fact that Drosten would 'likely face court charges for holding a fraudulent Doctor's title' Bailey states.
The fraudulent test, made by a fraudulent doctor enabled the World Health Organisation to declare a Pandemic, promoting the Covid PCR test as the 'gold standard' of diagnosing Covid-19 as they did. Drosten also just happened to have links with TIB Molbiol, the first company to start making the kits, which brought the biotech firm billions in profit in a very short space of time.
Drosten had taken the PCR test and applied it to detecting a virus, something that had never been done before, for obvious reasons. Its original inventor, Kary Mullis has stated numerous times that his PCR test "doesn't tell you if you are sick." But despite Health Authorities around the world claiming that PCR tests are suitable for diagnosing cases of Covid-19 a court in Australia ruled the contrary, echoing Mullis "a PCR test is not suitable for diagnosis and therefore does not, in itself, say anything about the disease or infection of a person".
The PCR Fraud is far less elaborate than Theranos, but the money it has so far made for biotech and Pharmaceuticals companies makes the $9bn Elizabeth Holmes made out of a similar fraud a drop in the ocean in comparison. And the perpetrators of this one are still free men.