Skip to Main Content
Services Talent Knowledge
Site Search
Menu

News

June 25, 2018

Gabe Nugent Featured in Stat News Podcast on Theranos Fraud

Gabe Nugent, White Collar Practice Area co-chair and partner, was recently featured in Stat News' podcast episode "Sarepta's Big Week, Theranos' Legal Woes, and Parsing AI Hype," commenting on the fraud scandal involving Silicon Valley health care company Theranos and its founder Elizabeth Holmes and president Ramesh "Sunny" Balwani.

Nugent explained that Theranos is "a special case" when it comes to fraud largely because Holmes and Balwani didn't just commit fraud against investors, but against patients and doctors.

"What you have are people whose lives were played with," Nugent said. "So, it essentially creates a sympathy vacuum." This may influence the duo's sentencing if convicted, potentially resulting in a longer prison stay than cited fraudsters Bernie Madoff and Martin Shkreli.

Listen to the full podcast here.

Subscribe

Click here to sign up for alerts, blog posts, and firm news.

Featured Media

Alerts

Federal Judge Halts DOE's Crackdown on Diversity Programs

Alerts

Alternative Dispute Resolution: A Beginner's Guide to Arbitration, Mediation, and Settlement Conferences

Alerts

IRS Guidance Limits the Use of Five Percent Safe Harbor to Low-Output Solar Facilities

Alerts

New York Public Service Commission Denies New York Power Authority Petition to Designate Clean Path Transmission Project a Priority Transmission Project

Alerts

NYS Legislature Seeks to Restrict Time Period for Third-Party Actions

Alerts

United States Department of Justice Issues Antidiscrimination Guidance to Federal Funding Recipients