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Who is Elizabeth Holmes?



If you enjoy real criminal history – who is not?! – Clean up your schedule, as two documentary films about the rise and fall of Elizabeth Holmes and her startup company Silicon Valley Theranos will come to the premiere very quickly.

Before watching documentaries, get a preliminary story about Holmes and his company's billions of dollars. Find out exactly how she and her company have been the subject of a blaming conclusion.

Who is Elizabeth Holmes?

Holmes was once called "the next Steve Jobs". She now faces 20 years of fraud.

But we are ahead of ourselves. Let's return back to 2003 when this story began.

  Elizabeth Holmes
Elizabeth Holmes | David Orrell / CNBC / NBCU Photo Bank via Getty Images

Holmes left Stanford University in 2003 to launch Theranos. The company said it could offer more effective and comprehensive blood tests for all types of diseases – cholesterol, cancer and diabetes, etc. – without the need for a doctor visit. With the help of a finger prick, these complex tests could be carried out, there were no needed vials of blood or visits to the doctor's office.

Holmes received $ 400 million in investment for Theranos. 11 years later, Theranos was valued at $ 9 billion, making Holmes the richest woman in America and the youngest homemade billionaire woman.

By 2016, the loss of Holmes and her billions has gone.

Technology did not meet claims

In 2014, employees began to leave Theranos. Find out that the Edison technology that was spoken in the company was the key to getting comprehensive finger tests, but was not as comprehensive as they thought. The company had to use traditional laboratory machines until they were able to figure out how to make their technology work with Edison as they claimed it would be.

This has led the Federal Drug Administration to overturn Teranos's right to conduct blood tests within two years after the use of an "unprocessed medical device." The Securities and Exchange Commission then investigated fraud. The net worth of Holmes was $ 0 when the cost of Theranos fell.

Prosecutor's Opinion

In June 2018, Holmes and former President and Chief Operating Officer Teranus Ramesh, "Solar" Balvani, were charged with charges at nine wire fraud locations and two conspiracy points for fraud by the American prosecutor of the Northern California District.

  Ramesh Balvani and lawyer
Ramesh Balvani | Justin Sullivan / Getty Images

Both may face imprisonment up to 20 years and substantial fines if they are convicted.

Documentary film "Discontinuance"

Rebecca Jarvis, Chief Correspondent of ABS News, Technology and Economics Three years he studied Holmes and Theranos, reports ABC News. A documentary titled Dropout will be shown in a two-hour episode 20/20 .

In a documentary film, viewers see that Holmes testifies to tapes, which have never been published before, where she says "I do not know" more than 600 times. There are also six episodes of podcasts that go along with a documentary.

HBO Documentary

HBO also has a documentary about Holmes and her company called Inventor: Blood Prison in the Silicon Valley . The documentary will be held on Monday, March 18, 2019 at 19.00. on HBO Go and HBO now. Alex Gibney, winner of the Oscars Award, directs a documentary film

Other coverage

Along with documentaries 20/20 and HBO, there is a book about the fall of Holmes from a billionaire to a potential slave called Bad Blood: Secrets and Lies in Silicon Valley Startup John Carreyrou.


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