Elizabeth Holmes is headed to prison. Now, with Sam Bankman-Fried arrested on Monday by Bahamian authorities, the world is wondering if the FTX founder will follow in Holmes' footsteps as the next disgraced startup founder to end up behind bars.
It's easy to be blinded by traditional signs of legitimacy, like an elite education, Meyer adds. Holmes attended Stanford before dropping out to launch Theranos. Bankman-Fried's parents were both Stanford law professors, and he graduated from the Massachusetts Institute of Technology .
It's a form of deception, and an indication that the person is trying to avoid a confrontational question — rather than responding with evidence that could clear things up and assuage your concerns about their truthfulness.Fraudsters sometimes ward off probing questions by using"minimizing language," to downplay any concerns, Meyer says.
Holmes often deflected difficult technical questions about Theranos' hardware by telling stories about her, Meyer adds — and how he inspired Holmes' devotion for more easily testing people for deadly diseases.
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