NPR

Elizabeth Holmes, convicted of fraud, is our latest seller of false hope

Theranos founder Elizabeth Holmes joins a long cultural tradition of operators in and out of Silicon Valley who have bamboozled investors — and the world.
Elizabeth Holmes and partner Billy Evans walk outside the federal court in San Jose, California on January 3.

Perhaps it's only right for a story about a convicted criminal to start with a confession.

The following is a partial list of the media I have consumed on the topic of Elizabeth Holmes (no relation), recently convicted of four fraud-related charges for lying to investors in her company, Theranos.

  • The John Carreyrou book Bad Blood: Secrets and Lies in a Silicon Valley Startup
  • The John Carreyrou podcast Bad Blood: The Final Chapter
  • The ABC podcast The Dropout
  • The Alex Gibney documentary The Inventor: Out for Blood in Silicon Valley

I have listened to the Carreyrou book on audio — twice. I have watched the Gibney documentary, I believe, three times. If Theranos Fever is a disease, I am the patient who kept going back and putting my mouth directly on the water fountain, no matter how many times they tell me to stop, making myself sick all over again.

The draw of the scam

Part of this, I admit, is rooted in a more general weakness for stories about brazen grabs for other, , . There were two documentaries in 2019 about the ill-fated Fyre Festival, and I watched both. I would have watched three. (Who am I kidding? I would have watched ten. That iconic and possibly apocryphal !) I love , about rich types who paid small fortunes for counterfeit wine, and , about a massive bamboozle involving paintings.

You’re reading a preview, subscribe to read more.

More from NPR

NPR2 min readWorld
A Baby Girl Born Orphaned And Premature After An Israeli Airstrike In Gaza Has Died
The newborn died after five days in an incubator. Her family was killed in an air strike. UNICEF says 13,000 children have been killed in Gaza since Oct. 7, with thousands more orphaned and wounded.
NPR3 min readInternational Relations
Hamas Says It's Preparing To Respond To Israel's Latest Gaza Cease-fire Proposal
The militant group says it's examining the latest Israeli suggestions for a cease-fire in Gaza, seven months into the conflict that has claimed tens of thousands of lives.
NPR6 min readAmerican Government
Mike Johnson And The Troubled History Of Recent Republican Speakers
Johnson is the sixth Republican elevated to the speakership since 1994. The five who preceded him all saw their time in the office end in relative degrees of defeat or frustration.

Related Books & Audiobooks