[AStonesThrow]

No it wasn’t. They never promised anything like that.

Theranos technology was the proposition to run smart blood tests on very small volumes of blood drawn from patients on-site. That’s really about it. They couldn’t deliver this service but they never promised any cures, bro.

[firesteelrain]

It was implied which led to fraud convictions. Elizabeth Holmes made misleading claims that gave the impression their technology could revolutionize disease detection and management for example by speaking about a future where people could test themselves regularly and catch disease

[jcranmer]

The fraud in Theranos for which Holmes et al were ultimately convicted was running regular blood tests (i.e., those any certified lab would run) on samples which were too small so that the blood tests gave essentially random data. Yes, they made much more outlandish claims about what they could eventually do (and at times veered into making those claims about what they could do at the present), but the actual fraud was that they couldn't even do what they were certified to do.