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Episode 708Jul 8, 2022

The criminal consequences of Silicon Valley’s “fake it till you make it” culture

Plus, a lesson the U.S. could learn from the Boris Johnson saga.

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Former Theranos COO Ramesh "Sunny" Balwani and his legal team leave the Robert F. Peckham Federal Building.
Former Theranos COO Ramesh "Sunny" Balwani and his legal team leave the Robert F. Peckham Federal Building.
David Odisho/Getty Images

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“Fake it till you make it” has long been a mantra in Silicon Valley. It’s a culture that often brings financial consequences but very rarely criminal ones. We’ll talk about the significance of the criminal case against the former chief operating officer of the Theranos medical tech company, Sunny Balwani. He and his former romantic partner, Theranos founder Elizabeth Holmes, faced charges of defrauding investors and patients. Speaking of consequences, former Minneapolis police officer Derek Chauvin gets sentenced again, this time for violating George Floyd’s civil rights, and British Prime Minister Boris Johnson announces his intention to resign. We have the “purr-fect” tweet on the BoJo saga.

Here’s everything we talked about today:

Join us tomorrow for Economics on Tap. We’ll be on the YouTube livestream starting at 6:30 p.m. ET/3:30 p.m. PT. We’ll have more news, drinks and a game!

The Team

The criminal consequences of Silicon Valley’s “fake it till you make it” culture