If you love real crimes – who is not? – clear your schedule because two documentary films about the rise and fall of Elizabeth Holmes and her start-up company Silicon Valley, Terranos, will soon be premieres.
Before watching the documentaries, get the story of Holmes and her multi-billion dollar film company. Learn exactly how she and her company are subject to an indictment.
Who is Elizabeth Holmes? Holmes was once described as "the next Steve Jobs". She is now facing a 20-year prison for wire fraud.
But we are ahead of us. Let's go back to 2003 when this story began.
Holmes dropped out of Stanford University in 2003 to start the launching company Theranos. The company says it can offer more effective and comprehensive blood tests for all kinds of diseases – cholesterol, cancer and diabetes, etc. – without requiring people to attend a doctor's office.
With a finger prick, these exhaustive tests can be done without requiring blood samples or visits to the doctor's office.
Holmes received $ 400 million in investments for Terranos. 11 years later, Terannos is estimated at $ 9 billion, making Holmes the richest woman in America and the youngest billionaire woman.
By 2016, the influence of Holmes and her billions had vanished.
The technology did not meet the claims
In 2014, employees started leaving Theranos. We came to understand that Edison's technology, which the company says is the key to all-round finger tests, is not as comprehensive as they thought. The company had to use traditional lab machines until they knew how to make their Edison technology work the way they said.
This has led the Federal Drug Administration to lift Teranos' right to conduct blood tests for two years after using an "unexplained medical device". Then followed a fraud investigation by the Securities and Exchange Commission. Holmes' net worth rose to $ 0 when the Theranos dropped.
In June 2018, Holmes and former President and Chief Operating Officer of Terranos, Ramesh "Sunny" Balvani, were charged with nine wire fraud charges and two charges of conspiracy to commit wirewire fraud US Prosecutor North California County.
Both can face up to 20 years in prison and significant fines if convicted.
Rebecca Jarvis, ABC News Correspondent, Business, Technology and Economics, spent three years in an investigation into Holmes and Terranos, according to ABC News. The documentary titled Dropout will be featured in a two-hour episode of 20/20 .
In the documentary, viewers see Holmes testifying in cassettes that have never been emitted before, where she says, "I do not know" more than 600 times. There are six podcast episodes to go with the documentary.
HBO has a documentary about Holmes and her company called Inventor: Bloodshed in the Silicon Valley . The documentary will be premiered on Monday, March 18, 2019, at 21:00. for HBO Go and HBO Now. Oscar winner Alex Gibny directed the documentary.
Along with 20/20 and HBO documentaries, there's a book about Holmes's falling from a billionaire to a possible prisoner named Bad Blood: Secrets and lies at the launch of the Silicon Valley by John Carreyrou .