Bad Blood: The Final Chapter
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She was once the world's youngest self-made female billionaire. Now Elizabeth Holmes, founder of the blood-testing startup Theranos, stands accused of leading a massive fraud, and lying to investors, doctors, and patients about the capabilities of her technology. If convicted, she faces up to 20 years in prison. But Elizabeth may be able to sway a jury with her charisma, highly unusual defense strategy and the fact that key evidence has gone missing. John Carreyrou broke the Theranos scandal. Now he’ll take you into the courtroom as he examines Silicon Valley’s fake it-til-you-make it culture, and the case against Holmes.
15 Episodes
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40Elizabeth Holmes, founder of Theranos, is headed to trial for allegedly defrauding investors and patients by misrepresenting the capabilities and accuracy of her blood-testing technology. Winning the jury’s sympathy is her best option to get acquitted. There are several ways she can do that.
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If Theranos was still in business, would it have tried to exploit the Covid-19 pandemic? Based on how Elizabeth Holmes tried to use the 2014 Ebola epidemic to land a big investment, the answer is very likely yes.
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Elizabeth Holmes is likely to allege at trial that former Theranos President Sunny Balwani was an abusive boyfriend who held her in his thrall and deprived her of her free will. But text messages between the former lovers don’t back up that narrative.
In this episode the actors Ali Farahnakian and Rachel Butera read the texts between Sunny and Elizabeth.
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A note Elizabeth Holmes wrote to herself one night in late October 2014 suggests she knew she was committing fraud.
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Elizabeth Holmes is the latest in a long line of Silicon Valley entrepreneurs who’ve hyped and overpromised — sometimes to the point of outright lying. It’s that culture, as much as Holmes herself, that's on trial.
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For two years, Elizabeth Holmes enjoyed the type of glowing media coverage most entrepreneurs can only dream of. But then she gave one interview too many—an interview with The New Yorker’s Ken Auletta that planted the seeds of her downfall.
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Host John Carreyrou and reporter Emily Saul discuss prosecutors' introduction of private texts between Elizabeth and Sunny, the testimony of retired general James Mattis, and the trial's most important witness so far: former lab director Adam Rosendorff, who said Theranos prioritized PR and fundraising over patient care.
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We'll be back with new full episodes on October 21st. Here's a little preview of what we've been working on.
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In the summer of 2013, as a deadline to launch in Walgreens stores loomed and Theranos was running out of money, Elizabeth Holmes and Sunny Balwani put in motion a covert plan to hack third-party blood-testing machines to hide the limitations of Theranos' technology.
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Elizabeth Holmes wowed investors, board members and journalists with live, in-person demonstrations that made it seem like her blood-testing machine worked. But most of these demos were faked. Behind the scenes, the blood samples were tested either manually or on third-party lab equipment. It's an astoundingly bold deception that was enabled by a software application Sunny Balwani wrote.
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Elizabeth Holmes wowed investors with claims that Theranos was working for the U.S. military. But the truth was that her repeated attempts to land contracts with the Department of Defense had gone nowhere.
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One of the enduring mysteries of the Theranos scandal is how Elizabeth Holmes managed to turn former Secretary of State George Shultz against his own grandson. New information sheds light on how she did it.
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With a conference call, a magazine interview and a doctored pharmaceutical report, Elizabeth Holmes convinced a small group of very wealthy investors to put hundreds of millions of dollars in her unproven blood-testing startup.
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Host John Carreyrou and reporter Emily Saul revisit the drama of Elizabeth Holmes’s guilty verdict, dissect its meaning, and discuss sentencing. And a surprise guest comes on the show.
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In 2001, a series of letters laced with a deadly powder called anthrax appeared on the desks of prominent journalists and politicians in New York City and Washington D.C causing a national panic. But what started as an unprecedented case soon turned into an unsettling mystery. Who had sent these letters? And why? Join us as we trace the FBI’s costly investigation into the attacks, all with an eye toward the question that remains today: Did the FBI identify the true killer, or is this case still unresolved? Unravel the story the played out behind closed doors on Cover Up: The Anthrax Threat, listen now wherever you get your podcasts
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Will there be an episode about the sentencing of Holmes and Balwani?
it's a very well done podcast and feels balanced. it's not only looking to make her look evil. it's based on facts! really enjoying every episode
When dude asked to see the facility in Phoenix..she told that it’s looks exactly like the one in Pablo Alto and if he wanted, he can come back to Palo Alto to see what he already saw..lol..wow she is something else for real with the lies..
Funny how is good at keeping tabs on everything and everybody..but when it comes down to answering question about what she did..she sudden can’t recall or remember..smh..
is Elizabeth resorted to Nancy pelosi?
Absolutely loved this podcast. Congratulations to everyone who brought down this worthless person, honestly feel sorry for her child to have her as her mother. John Carreyrou you’re a role model for all journalist.
loved this podcast.
Go cougars!! So happy to hear Tyler working with BYU!!
If she gets little or no time in custody, it will be a travesty of justice!
why did you start this podcast if you weren't actually going to follow up about anything
come on... I need another episode!!!
how does one get the bonus episodes, without having an Apple device?
You have to wonder, how on earth did she expect to get away with this???
Could it be explained what Theranos was actually good at? We keep hearing that some parts of tests are often incorrect. So I assume other parts are acurrate, and thus impressive, and the reporting would be more balanced if this was mentioned. Great show!
Mad respect for your journalism. Thank you for pursuing the truth.
This shows how absolutely heartless Elizabeth is. And how sad that his grandfather would stand behind someone who is making his grandson a living hell.
depositions I take the 5th should torture her for all answers
American judicial system is a f joke
what happened to half the show? it went from Bad Blood to something else completely
Great Podcast from the person who blew the cover off the Theranos scam. Elizabeth Holmes knew exactly what she was doing. I dare say she played everyone in her path including Balwani to an extent to get the backing and wisdom of technology he possessed. I hope the jury doesn't fall for the Big eyed White pregnant Defenseless Woman she is trying to portray now. A man or a woman of color wld definitely not benefit from those markers. Her greed led to pple's anxiety due medical misinformation and death.