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by hamburgerwah 1729 days ago
Adam Neuman is every bit the fraudster Elizbeth Holmes is, he just wasn't in a regulated industry. He repeatedly fabricated fake financials and fradulent books to trick investors. His victims (private equity) mostly realized it was a scam and played a huge game of ponzi scheme until, for reasons that seem particularly murky, softbank made them all whole. No one had any illusions once Neuman starting cashing out his own positions in 2015.
1 comments

> he just wasn't in a regulated industry

No… he wasn’t pushing out a product that can kill people. Telling people they are not sick when they are or vice versa is dangerous.