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by rqtwteye 1162 days ago
Even if they hadn't committed fraud I am happy that they are in problems. The article says they were selling TVs to hospitals to display ads. The last thing we need is more ads and I hope every company that tries to push ads into new spaces will go bankrupt.
1 comments

a fast talking Eastern European in Berkeley and his female security expert companion, got pretty far with funding and social position for enacting this business model.. making the rounds at the Berkeley incubator next to the BART station about seven years ago?. IIR the pitch was to hospitals directly as clients. Security for the data streams, plus the money transfers, quickly took over the bandwidth. No one close to the effort questioned the crystal-clear intent to make as much money as possible for the founders and those that chose to do business with them, it seemed. No idea where they are now -- McMansions all around, probably.