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The Dropout

ABC News (US)

Money. Romance. Tragedy. Deception. The story of Elizabeth Holmes and Theranos is an unbelievable tale of ambition and fame gone terribly wrong. How did the world’s youngest self-made female billionaire lose it all in the blink of an eye? How did the woman once heralded as “the next Steve Jobs” find herself facing criminal charges — to which she pleaded not guilty — and up to decades in prison? How did her technology, meant to revolutionize health care, potentially put millions of patients at risk? And how did so many smart people get it so wrong along the way? ABC News chief business, technology and economics correspondent Rebecca Jarvis, along with producers Taylor Dunn and Victoria Thompson, take listeners on a journey that includes a multi-year investigation. You'll hear exclusive interviews with former employees, investors, and patients, and for the first-time, the never-before-aired deposition testimony of Elizabeth Holmes, and those at the center of this story. Starting August 31, 2021, in a series of new episodes, "The Dropout: Elizabeth Holmes on Trial" will take you inside the courtroom, breaking down the evidence and keeping score for both sides until 12 jurors decide the fate of the Theranos founder and new mother. Three years after she was first charged, we find out how this saga finally ends.

Money. Romance. Tragedy. Deception. The story of Elizabeth Holmes and Theranos is an unbelievable tale of ambition and fame gone terribly wrong. How did the world’s youngest self-made female billionaire lose it all in the blink of an eye? How did the woman once heralded as “the next Steve Jobs” find herself facing criminal charges — to which she pleaded not guilty — and up to decades in prison? How did her technology, meant to revolutionize health care, potentially put millions of patients at risk? And how did so many smart people get it so wrong along the way? ABC News chief business, technology and economics correspondent Rebecca Jarvis, along with producers Taylor Dunn and Victoria Thompson, take listeners on a journey that includes a multi-year investigation. You'll hear exclusive interviews with former employees, investors, and patients, and for the first-time, the never-before-aired deposition testimony of Elizabeth Holmes, and those at the center of this story. Starting August 31, 2021, in a series of new episodes, "The Dropout: Elizabeth Holmes on Trial" will take you inside the courtroom, breaking down the evidence and keeping score for both sides until 12 jurors decide the fate of the Theranos founder and new mother. Three years after she was first charged, we find out how this saga finally ends.

Location:

United States

Networks:

ABC News (US)

Description:

Money. Romance. Tragedy. Deception. The story of Elizabeth Holmes and Theranos is an unbelievable tale of ambition and fame gone terribly wrong. How did the world’s youngest self-made female billionaire lose it all in the blink of an eye? How did the woman once heralded as “the next Steve Jobs” find herself facing criminal charges — to which she pleaded not guilty — and up to decades in prison? How did her technology, meant to revolutionize health care, potentially put millions of patients at risk? And how did so many smart people get it so wrong along the way? ABC News chief business, technology and economics correspondent Rebecca Jarvis, along with producers Taylor Dunn and Victoria Thompson, take listeners on a journey that includes a multi-year investigation. You'll hear exclusive interviews with former employees, investors, and patients, and for the first-time, the never-before-aired deposition testimony of Elizabeth Holmes, and those at the center of this story. Starting August 31, 2021, in a series of new episodes, "The Dropout: Elizabeth Holmes on Trial" will take you inside the courtroom, breaking down the evidence and keeping score for both sides until 12 jurors decide the fate of the Theranos founder and new mother. Three years after she was first charged, we find out how this saga finally ends.

Language:

English


Episodes

Accusations and Evasions

12/7/2021
This week, the most jaw-dropping testimony in this trial yet. Elizabeth Holmes fights back tears telling the court she was raped when she was at Stanford and claims she was in an emotional and physically abusive relationship with her former boyfriend and Theranos COO Sunny Balwani, who firmly denies all allegations. Plus, the government begins its cross-examination, and while Elizabeth Holmes seemed to be able to recall her life in vivid detail throughout the defense’s questioning, her...

Duration:01:14:23

Reframing the Narrative

11/30/2021
This week, Elizabeth Holmes returns to the stand, presenting herself as a confident CEO with a noble mission who also naively took experts at their word. She meticulously details how she built her business -- even admitting to having doctored those pharmaceutical documents -- but implies over and over again that she relied on information given to her by scientists, doctors and board members to solidify her understanding of where her company stood. Will it be enough to convince a jury that...

Duration:00:50:55

The Prosecution Rests & Elizabeth Speaks

11/23/2021
In a monumental week in the trial of United States v. Elizabeth A. Holmes, the prosecution introduced its final week of witnesses before resting its case. Among them, a patient who received troubling results from a Theranos HIV test and a journalist whose damaging interviews with Elizabeth were played for the first time in court. And in a literal final-hour shocker, the defense called Elizabeth Holmes to the stand. Did the government bring its case home? Did Elizabeth begin to sway the jury?

Duration:01:03:10

The Beginning of the End

11/16/2021
In this episode, we hear from two Theranos lab directors -- one who never met Elizabeth or stepped foot into the company’s lab, another who ultimately voided more than 50,000 Theranos tests after a damning government inspection. And we hear from an irate investor who says Elizabeth Holmes cut off communication with him when he asked for basic information about the company. Plus, 10 weeks into the trial, with only 24 witnesses out of a possible 181 on the government’s initial list having...

Duration:00:43:32

Patterns

11/9/2021
Nine weeks into the criminal trial of Elizabeth Holmes, we’ve heard from dozens of witnesses -- Elizabeth’s colleagues, board members, investors, clients, scientists, accountants and corporate executives. It's impossible not to feel the repetition. We learn that a fake Pfizer memo wasn’t the only document Theranos falsified, and we’re introduced to a man with deep connections to many of the central players in Elizabeth’s orbit. Patterns in the prosecution’s questioning are beginning to...

Duration:00:41:39

The Investors

11/2/2021
This week, we hear from high-profile companies and individuals who invested millions of dollars into Theranos, the prosecution reiterating that these investments were made on the basis of what they say was a pattern of misinformation, exaggeration and outright lies coming from Elizabeth Holmes herself. And we hear from a Pfizer scientist who speaks to the supposedly doctored Pfizer document that Theranos showed investors to help lure them in.

Duration:00:46:50

The Therabros

10/26/2021
This week, we got a peek into how things at Theranos could at times be a full-on family affair. Elizabeth recruited her brother Christian to the company. He, in turn, recruited five of his Delta Tau Delta fraternity brothers to join him. The group would come to be known as “The Therabros.” We hear from one Therabro who would rise to the rank of Elizabeth’s lead of strategic operations. He interacted with VIP investors, board members, military officials and business partners, and revealed to...

Duration:00:37:30

The Clients

10/19/2021
Theranos’ biggest clients, Walgreens and Safeway, are on the stand this week, testifying to what exactly they say they were told before signing multimillion-dollar deals with the blood testing startup. In email exchanges, text messages and board presentations, the prosecution paints a picture of deception while the defense claims the industry giants should’ve known better. Plus, we hear from Sunny Balwani’s dermatologist of 15 years, who happened to also become Theranos’ lab director.

Duration:00:41:34

Crime and Punishment

10/12/2021
This week, two jurors ask to be excused, citing stress around punishment and the responsibilities in deciding the future of Elizabeth Holmes. A young woman, with unusual ties to this case, gives her perspective as a trial observer, and a veteran Silicon Valley investor puts the Theranos saga in larger context.

Duration:00:29:50

Sounding the Alarm

10/5/2021
This week, we hear some shocking insights from a former Theranos lab director who says he tried to stop the train before it ran off the tracks. From failing machines to a lack of proficiency testing, he tells of the pressure he felt to vouch for tests while maintaining his integrity as a lab director. And he describes how he says he tried to delay the Walgreens launch, pleading with a “nervous” Elizabeth, who went forward nonetheless. But does an aggressive and lengthy cross-examination...

Duration:00:38:37

The General and the Patient

9/28/2021
This week, a high-profile witness from Elizabeth’s superstar board of directors surprises the courtroom by taking the stand: 4-star general and former U.S. Secretary of Defense James Mattis. He speaks of being dazzled by the potential of Theranos’ devices on the battlefield and the disillusionment he felt when the full story came to light. Plus, we meet a patient whose Theranos test results led to a terrifying ordeal.

Duration:00:35:51

Mystery Men

9/21/2021
This week, we hear from Erika Cheung, one of the whistleblowers who originally set Elizabeth’s downfall in motion and who says she was subjected to disturbing intimidation tactics as a result. Legal experts analyze the success of each side’s opening arguments. And a mysterious man named “Hanson” causes quite the stir.

Duration:00:36:48

Setting the Stage

9/14/2021
Elizabeth, holding hands with her partner, Billy and her mother, Noel, breezes into the courthouse to hear opening statements in her financial fraud trial. The government and the defense set the stage, giving us a roadmap of how their sides of the case will unfold. The prosecution says this is a case about fraud, lying and cheating, while the defense paints a picture of an ambitious young woman trying to change the world. She made mistakes, they say, but didn’t break the law. And we hear...

Duration:00:42:38

The Jury

9/7/2021
This week, after 11th-hour bombshell allegations of abuse were revealed, we meet the seven men and five women who will ultimately be deciding Elizabeth Holmes’ fate. We take a peek inside the courtroom, and speak with some of the potential jurors who were dismissed. We’ll hear firsthand what Elizabeth’s demeanor is like in the courtroom, what the prosecution and defense appeared to be looking for in a jury, and details about who was actually chosen.

Duration:00:29:38

Bombshell

8/31/2021
Today, after four postponements, a global pandemic and a baby, Elizabeth’s long-awaited trial finally begins with jury selection. With millions of pages of discovery, a potential witness list of more than 200, and nearly 4,000 exhibits, Elizabeth’s team of heavyweights has their work cut out. And at the 11th hour, the biggest bombshell yet -- Elizabeth’s team has alleged that she was subjected to a decade of physical, sexual and psychological abuse. How will this play for a jury? Will...

Duration:00:46:40

Where Have You Been, Elizabeth Holmes?

8/31/2021
It’s been over three years since Elizabeth Holmes was charged with multiple counts of fraud. Once the youngest female self-made billionaire, she was poised to change health care forever. Now she faces decades in prison if convicted. What has Elizabeth been up to while the government has been building its case against her? The answer includes a trip to Burning Man, a new relationship and a baby born just over a month before her trial.

Duration:00:40:14

Introducing 'The Dropout: Elizabeth Holmes on Trial'

8/5/2021
Starting Aug. 31, in a series of new episodes, "The Dropout: Elizabeth Holmes on Trial" will take you inside the courtroom, breaking down the evidence and keeping score for both sides until 12 jurors decide the fate of the Theranos founder and new mother. Three years after she was first charged, we find out how this saga finally ends.

Duration:00:03:29

Introducing: 'Spy Affair'

3/30/2021
A charismatic Russian woman arrives in the US on a mission to improve relations between the two countries, and she soon makes some powerful friends. But who is Maria Butina? And who is she working for? As Butina gets closer to the rich and connected she also attracts the attention of the FBI. In the politically charged world of US-Russia relations, everyone has secrets and almost nothing is what it seems. From Wondery, the makers of The Shrink Next Door and Dr. Death comes SPY AFFAIR a story...

Duration:00:05:38

Introducing ‘In Plain Sight: Lady Bird Johnson’

3/1/2021
Lady Bird Johnson’s audio diaries reveal how one vastly underestimated woman navigated the power, politics and polarization of her time to become arguably one of the most influential first ladies in history. From ABC News, makers of the hit series “The Dropout” and the award-winning daily news podcast “Start Here,” comes “In Plain Sight: Lady Bird Johnson” – an eight-part series told in the former first lady's own words. Listen today on Apple Podcasts (https://apple.co/ladybird), Spotify...

Duration:00:04:40

Introducing 'Bunga Bunga' from Wondery

9/8/2020
Silvio Berlusconi was a charismatic multi-millionaire real-estate mogul who upended the Italian political order and hypnotized an entire nation. He was the longest-serving prime minister of one of the world's wealthiest countries, until he was brought down by three powerful women -- and two words: "Bunga Bunga." From Wondery, the makers of "Dirty John" and "The Shrink Next Door," and hosted by comedian Whitney Cummings, "Bunga Bunga" is an eight-part series on the incredible true story of...

Duration:00:05:01