Breaking startup scandal: how blood pressure medtech TLT scammed investors out of millions, with investigating reporter Sara McCorquodale
Secret Leaders2 Aug 2021

Breaking startup scandal: how blood pressure medtech TLT scammed investors out of millions, with investigating reporter Sara McCorquodale

Tarilian Laser Technologies (TLT) was a medtech company founded by husband and wife team, Dr Sandeep and Nita Shah, who bamboozled everyone from the UK government to PWC. They claimed to have a revolutionary wearable blood pressure monitor, powered by a secret, proprietary algorithm. They raised millions, before everything came crashing down. This is an audio exclusive with the journalist who just broke the story in The Sunday Times, Sara McCorquodale, founder and CEO of CORQ. When Sara, a former journalist, first heard what TLT had done, she knew it was a story she had to report on and has spent the last year investigating. “It was just six lines of JavaScript”, said Sara, of the secret algorithm. “It was a GCSE level sum, it wasn't an algorithm, it was barely an equation. And that sum had a £52 million valuation.” “Sandeep and Nita Shah, they were very credible characters… Usually you don't Google the person who owns the [scam] company and find search results which include them winning awards, and being endorsed by the government of their country.” It was a 13-year scam. How did they get away with it so long? Where did all the money go? Why didn’t anyone raise the alarm? Links: The Theranos story Tarilian Laser Technologies Book - Influence: How Social Media Influencers Are Shaping Our Digital Future Want to receive our podcast on a weekly basis? Subscribe to our newsletter!

Avsnitt(402)

The Strangest Businesses You Didn’t know Existed

The Strangest Businesses You Didn’t know Existed

In this fascinating episode, we dive into some of the strangest businesses you never knew existed! From companies that allow you to hire bridesmaids to look the part at your wedding, to services where...

31 Jan 202531min

Omaze: A Unicorn Business Built by Giving Away Millions to People & Charity

Omaze: A Unicorn Business Built by Giving Away Millions to People & Charity

Matthew Pohlson has built Omaze into a unicorn business through some pretty unconventional ways - convincing the Pope to sell his Lamborghini, sending someone to space with Richard Branson and giving ...

28 Jan 20251h 16min

How this one change made my Business £1M a month

How this one change made my Business £1M a month

In this episode, Dan shares the incredible journey behind the recent success of his company, Heights, now generating $1.5 million per month in revenue. He reveals the one simple change that transform...

24 Jan 202527min

Andy Coulson: Most powerful man in British Media to a national disgrace - Lessons in Reputation management

Andy Coulson: Most powerful man in British Media to a national disgrace - Lessons in Reputation management

Andy Coulson was once the face and leader of the most powerful newspaper in the country, News Of The World, and later became the Prime Minister’s right-hand man as Director of Communications. Then he ...

21 Jan 20251h

Why We Stopped Caring About Politics

Why We Stopped Caring About Politics

In this week’s Leaders Chat, we discuss Trumps upcoming inauguration and why we have simply stopped caring about politics. We also debate an interesting question: should CEOs earn 196x more than their...

17 Jan 202532min

I built a $2bn Company By Paying Everybody The Same As Me - Nicola Kilner

I built a $2bn Company By Paying Everybody The Same As Me - Nicola Kilner

In this episode, we sit down with Nicola Kilner, former CEO of The Ordinary, to dive deep into the unique story behind her journey in building a $2 billion company. Nicola shares the highs and lows of...

14 Jan 20251h 4min

Everything You Need To Know To Start A Business In 2025

Everything You Need To Know To Start A Business In 2025

In this episode Chris Donnelly and Dan Murray Serter, each with over 17 years in the game, share the ultimate guide to starting a business in 2025. They cover everything from identifying the best in...

10 Jan 202538min

 Hermann Hauser: The Man Who Saved Apple from Bankruptcy

Hermann Hauser: The Man Who Saved Apple from Bankruptcy

In this episode, we sit down with the entrepreneur who built the UK’s biggest company, worth an astonishing $176 billion, from an initial $50 investment. He shares the exact steps and strategies he u...

7 Jan 202538min

Populärt inom Business & ekonomi

framgangspodden
varvet
rss-jossan-nina
svd-tech-brief
badfluence
rss-svart-marknad
uppgang-och-fall
bathina-en-podcast
avanzapodden
tabberaset
rss-inga-dumma-fragor-om-pengar
24fragor
rss-kort-lang-analyspodden-fran-di
rss-borsens-finest
rss-dagen-med-di
kapitalet-en-podd-om-ekonomi
borsmorgon
fill-or-kill
rss-veckans-trade
lastbilspodden