Sometimes, the warning signs are lit up with neon and searchlights, and people still miss them.
A married pair of San Francisco entrepreneurs were indicted Thursday on multiple federal charges, the latest twist in the saga of a once trendy, now bankrupt fecal matter-testing startup.
Zachary Schulz Apte and Jessica Sunshine Richman, co-founders of defunct microbiome testing company uBiome, are accused of bilking their investors and health insurance providers, federal prosecutors said. They were indicted Thursday on multiple federal charges, including conspiracy to commit securities fraud, conspiracy to commit health care fraud and money laundering.
Now, I’m just a poor dumb white boy from Hampden, but I feel like there’s at least two big warning signs that were missed here.
1.
I’m an absolute believer that you should avoid – indeed, run away from – any crowd funding campaign that is medical or health care related.
2.
Goop? Seriously? No s–t.. Again: anything that’s recieved an award from Goop, is promoted on Goop, or has any involvement with Goop: run like hell in the other direction.