Latest / Legally Brunette / Elizabeth Holmes, Theranos & The Documentary
Transcript
- 0:02Speaker 1: Hi guys, welcome to Legally Brunette. I'll be your host today,
- 0:04Speaker 1: Emily Simpson and... Shane. Okay, today, it's interesting that we're
- 0:10Speaker 1: not going to talk about murder today.
- 0:12Speaker 2: Oh yeah, I know. Are you disappointed? A little bit.
- 0:16Speaker 1: It is slightly disappointing.
- 0:17Speaker 2: Financial crimes aren't the same as far as digging in
- 0:21Speaker 2: evidence and smoking guns.
- 0:23Speaker 1: Right, but this is a very interesting case. This is
- 0:26Speaker 1: the case of Elizabeth Holmes. So she was 19 when
- 0:29Speaker 1: she dropped out of Stanford with an idea that could
- 0:32Speaker 1: change medicine, a single drop of blood that would reveal
- 0:35Speaker 1: everything about your health. Within 10 years, Elizabeth Holmes had
- 0:39Speaker 1: it all. The black turtleneck, the deep voice, a board
- 0:43Speaker 1: stacked with former cabinet secretaries, a company worth $ 9 billion,
- 0:48Speaker 1: and they called her the next Steve Jobs. But inside Theranos,
- 0:53Speaker 1: something was wrong. Machines that did not work, a lab
- 0:56Speaker 1: that inspectors never saw, and employees who asked too many
- 0:59Speaker 1: questions were shown the door. Then a reporter started making
- 1:03Speaker 1: phone calls. Today, the woman who once graced the cover
- 1:07Speaker 1: of every business magazine is in a federal prison in Texas.
- 1:12Speaker 1: And she still insists that she did nothing wrong. So
- 1:16Speaker 1: who is Elizabeth Holmes? A visionary who flew too close
- 1:19Speaker 1: to the sun or one of the greatest con artists
- 1:22Speaker 1: the Silicon Valley has ever seen? What's your take?
- 1:26Speaker 2: She's the biggest dingbat anyone's ever seen. Oh, yeah. I
- 1:29Speaker 2: don't know if it's... I think she's cuckoo whether she
- 1:33Speaker 2: believes it and is genuine or whether she is lying.
- 1:39Speaker 2: She's cuckoo.
- 1:40Speaker 1: She's cuckoo for Cocoa Puffs.
- 1:41Speaker 2: And people gave her money.
- 1:44Speaker 1: They did. They gave her a lot of money.
- 1:45Speaker 2: She had a deep voice. Why is that even listed
- 1:47Speaker 2: as like a thing?
- 1:48Speaker 1: Because that is, even Annabelle knew about that. Because when
- 1:50Speaker 1: I was telling her about how we were doing a
- 1:52Speaker 1: podcast on Elizabeth Holmes, she goes, oh, is that the
- 1:55Speaker 1: woman that faked the deep voice?
- 1:57Speaker 2: Yeah, but she probably said that because other people say
- 1:59Speaker 2: it like you just said it. So like, where is it?
- 2:01Speaker 2: Why is it an issue?
- 2:02Speaker 1: Because if you listen, we just saw the movie. So
- 2:04Speaker 1: there's a movie out. about Elizabeth Holmes. It's like the
- 2:07Speaker 1: 30 days up until she goes to prison. I saw
- 2:10Speaker 1: it last night. When you listen to her talk with
- 2:12Speaker 1: her normal voice.
- 2:13Speaker 2: So did I. I was there.
- 2:15Speaker 1: You were there for like five minutes.
- 2:16Speaker 2: I was not there. I was there for an hour
- 2:17Speaker 2: and a half. Okay.
- 2:18Speaker 1: Anyway, when she talks with her normal voice, she sounds
- 2:24Speaker 1: like a young woman. When she was wearing the black
- 2:27Speaker 1: turtleneck and selling the Theranos idea, she had a completely
- 2:31Speaker 1: distinctly voice. She used a very, very low, manly-sounding voice.
- 2:35Speaker 1: And people do side-by-sides of putting her speaking in her
- 2:38Speaker 1: normal voice and that voice.
- 2:39Speaker 2: Yeah, but a different setting, though, right?
- 2:42Speaker 1: Yeah, but why would you change your voice?
- 2:43Speaker 2: I don't know.
- 2:44Speaker 1: Now that she has gone through a trial and been
- 2:48Speaker 1: convicted and has to go to prison, and now when
- 2:49Speaker 1: she speaks, her voice is different than that person in
- 2:52Speaker 1: the black turtleneck that was trying to sell the idea
- 2:54Speaker 1: of Theranos. She used a very deep, masculine voice.
- 2:58Speaker 2: I never liked the name Theranos.
- 2:59Speaker 1: It sounds like a Greek god. Yeah. I think that's Thanos.
- 3:03Speaker 2: It doesn't sound like.
- 3:04Speaker 1: A medical device. Thanos is the Greek god.
- 3:07Speaker 2: But it doesn't sound like a medical device to you?
- 3:09Speaker 1: No, it sounds like a Greek god to me.
- 3:10Speaker 2: You know where the word came from, right?
- 3:12Speaker 1: Yeah, therapy plus diagnosis. Yeah.
- 3:14Speaker 2: Yeah.
- 3:15Speaker 1: Not from Greece. No. Maybe. All right, Elizabeth was born
- 3:20Speaker 1: in Washington, D.C. to Christian and Noelle Holmes. Her mother
- 3:23Speaker 1: worked as a congressional staffer, and her father held a
- 3:26Speaker 1: vice president role at Enron. That was the energy company
- 3:29Speaker 1: that was the seventh largest public corporation in the United States.
- 3:33Speaker 1: The company collapsed in a massive accounting and fraud scandal.
- 3:36Speaker 1: This was back in 2001. Now, do you remember in
- 3:39Speaker 1: the movie, her parents are in this building, movie you
- 3:43Speaker 1: can see everything i guess i assume they called it
- 3:46Speaker 1: you can see everything because that was how she presented
- 3:49Speaker 1: it well.
- 3:50Speaker 2: She was like yeah like i'm hiding nothing you can
- 3:52Speaker 2: see everything in my home where all i do is
- 3:55Speaker 2: sit on the couch and don't brush.
- 3:57Speaker 1: My hair right um so the holmes family has an
- 4:01Speaker 1: interesting background uh Her dad, Christian's great-grandfather, also was named
- 4:06Speaker 1: Christian Holmes and was a Danish immigrant who settled in
- 4:09Speaker 1: Cincinnati studying engineering and became a physician. According to The
- 4:13Speaker 1: New Yorker, he met yeast tycoon Charles Fleischman while treating
- 4:17Speaker 1: him at a local hospital and later married Fleischman's daughter, Betty.
- 4:22Speaker 1: The couple grew very wealthy because of the Fleischman yeast business. However,
- 4:25Speaker 1: by the time Elizabeth's father was born, much of that
- 4:27Speaker 1: fortune had been spent. That did not stop him from
- 4:30Speaker 1: telling stories about his ancestors and what they had once achieved.
- 4:35Speaker 1: Elizabeth told The New Yorker in 2014 that those stories
- 4:37Speaker 1: taught her what happens to people who choose not to
- 4:40Speaker 1: pursue something purposeful. During her childhood, the family moved several
- 4:45Speaker 1: times and eventually settled in Houston, where Elizabeth attended St.
- 4:49Speaker 1: John's School. She studied Mandarin and later did a summer
- 4:53Speaker 1: program for Stanford in Beijing.
- 4:55Speaker 2: I don't think the background... matters so much when i
- 5:00Speaker 2: mean she's scamming people right yeah so okay great she
- 5:03Speaker 2: has all these credentials she's still scam people okay great
- 5:06Speaker 2: she doesn't have any credentials she really scammed people well i.
- 5:10Speaker 1: Think she's highly intelligent and i'm not you.
- 5:13Speaker 2: Didn't get that from watching the movie no.
- 5:16Speaker 1: Well i'll tell you what i got from watching the
- 5:18Speaker 1: movie but i'll just tell you based upon the research
- 5:20Speaker 1: and things i've read about her i would say that
- 5:22Speaker 1: she's highly intelligent And for her to be able to
- 5:25Speaker 1: manipulate people the way that she did, I think that
- 5:27Speaker 1: you have to be highly intelligent to do that. Now,
- 5:30Speaker 1: is it high intelligence or is she just delusional? So
- 5:34Speaker 1: I'm saying people that are highly delusional about themselves could
- 5:38Speaker 1: present as highly intelligent.
- 5:40Speaker 2: After watching the movie, I didn't find her to be intelligent.
- 5:44Speaker 1: Well, she was a completely different person in this most
- 5:47Speaker 1: recent movie than she was when I watched interviews and
- 5:49Speaker 1: videos with her. I mean, because the guy that was
- 5:53Speaker 1: the whistleblower, that was an employee that came forward and said, look,
- 5:56Speaker 1: none of these machines work. She has the platform that
- 6:00Speaker 1: you only have to use a drop of blood, and
- 6:02Speaker 1: that's not true. We're actually having to pull full samples
- 6:06Speaker 1: of vials of blood and things. Whoever this whistleblower was,
- 6:09Speaker 1: He said that when she walked into a room, she
- 6:12Speaker 1: commanded the presence and that she was highly intelligent and
- 6:16Speaker 1: that she commanded a room and that people listened to her.
- 6:19Speaker 1: And I think that's maybe why she used that deep
- 6:21Speaker 1: voice and wore the turtleneck like Steve Jobs. She was
- 6:25Speaker 1: clearly playing a part that people were feeding into and believing. Now,
- 6:30Speaker 1: the woman that you and I saw in the movie
- 6:31Speaker 1: that we.
- 6:32Speaker 2: Just saw, I would have.
- 6:34Speaker 1: Never thought that she had a commanding presence at all.
- 6:39Speaker 2: No, she was weak and annoying.
- 6:40Speaker 1: She was weak and annoying. Yeah. Yeah.
- 6:43Speaker 2: And was it her husband or boyfriend?
- 6:45Speaker 1: I think it's her boyfriend. I don't think they're married.
- 6:47Speaker 1: His name's Billy Evans.
- 6:48Speaker 2: The guy was no much of a winner than she was.
- 6:51Speaker 2: He was a complete loser.
- 6:52Speaker 1: Well, he was controlling her is the way.
- 6:55Speaker 2: I took away from it. I don't know if he
- 6:57Speaker 2: had any control over anything. He thought he was. All right.
- 7:00Speaker 1: In 2003, Elizabeth founded the company that became Theranos. This
- 7:05Speaker 1: was at age 19. Her first idea was a wearable patch.
- 7:09Speaker 1: It would use microneedles to draw tiny amounts of blood
- 7:12Speaker 1: painlessly through the skin, analyze it on the spot, and
- 7:15Speaker 1: then release a precise dose of medication based on the results.
- 7:19Speaker 1: The patch would also send the data wirelessly to the
- 7:22Speaker 1: patient's doctor. She filed a patent application for it that year.
- 7:27Speaker 2: What year is this?
- 7:28Speaker 1: This is in 2003 when she was 19. So she's
- 7:30Speaker 1: at Stanford. She's studying chemical engineering. I think she has
- 7:34Speaker 1: all these big ideas.
- 7:37Speaker 2: Yeah. As I said, barely when like Bluetooth came in
- 7:40Speaker 2: and stuff. And all of a sudden she's... I mean,
- 7:42Speaker 2: those are great, grandiose ideas, but I think they're just that. Right.
- 7:46Speaker 1: When she finally realized that this was impossible... She shifted
- 7:50Speaker 1: to a different idea. Theranos would retrieve a few drops
- 7:53Speaker 1: of blood from a finger prick, and they would run
- 7:55Speaker 1: a large panel of tests from that one prick. In 2004,
- 8:00Speaker 1: Elizabeth dropped out of Stanford and used the tuition money
- 8:03Speaker 1: her parents had saved to fund the company. Her chemical
- 8:06Speaker 1: engineering professor, Channing Robertson, became one of the company's first advisors.
- 8:13Speaker 1: you know, my takeaway from the movie, I know we
- 8:14Speaker 1: keep going back and forth between the past as to
- 8:16Speaker 1: when she's building the company and then the 30 days
- 8:19Speaker 1: before she goes to prison. But my takeaway from watching,
- 8:23Speaker 1: first of all, the movie is three hours long.
- 8:25Speaker 2: It's hard. 54 minutes. Okay.
- 8:27Speaker 1: It's three hours long. And I was reading reviews and
- 8:32Speaker 1: watching YouTube videos on it. And people were talking about
- 8:34Speaker 1: how it was like the best movie they've seen. It's
- 8:36Speaker 1: the best documentary. It's like the number two grossing documentary
- 8:40Speaker 1: of all time. I don't know what the number one is.
- 8:42Speaker 2: Um, Titanic.
- 8:44Speaker 1: That's not a dog. No, that was the reenactment, a dramatization.
- 8:48Speaker 2: It documented the lives of the people on the Titanic.
- 8:52Speaker 1: But what was interesting is my takeaway of who she was,
- 8:57Speaker 1: was that I got nothing about her from a three
- 9:00Speaker 1: hour movie.
- 9:00Speaker 2: All our investors must be a bunch of idiots that
- 9:02Speaker 2: give her all kinds of money.
- 9:04Speaker 1: My takeaway was that I got no, nothing real or
- 9:08Speaker 1: substantial from her personality.
- 9:12Speaker 2: No, the movie should have been titled, I don't know.
- 9:14Speaker 2: Because that's all she did.
- 9:15Speaker 1: She never really answered any questions with any depth.
- 9:19Speaker 2: She just kind of shrugged everything off.
- 9:21Speaker 1: And it was very awkward at times. And the director,
- 9:24Speaker 1: what's his name? Nathan, you know him.
- 9:26Speaker 2: Nathan Fielder.
- 9:26Speaker 1: Nathan Fielder. Nathan Fielder is actually a comedian. That's what
- 9:32Speaker 1: he's famous for.
- 9:33Speaker 2: Yeah, he's not like stand-up comedy. No, but like deadpan comedy.
- 9:37Speaker 1: Like he produces these.
- 9:38Speaker 2: Shows on businesses and things and it's, It comes off
- 9:42Speaker 2: as real, but it's really not. It's funny because he
- 9:46Speaker 2: wouldn't do these marketing strategies that he has.
- 9:48Speaker 1: Right. And so the fact that he's the director and
- 9:52Speaker 1: he's also part of the film, and that's not normal
- 9:55Speaker 1: in a documentary. You know what I was thinking is
- 9:56Speaker 1: when they make a documentary, the people that are making
- 9:58Speaker 1: the documentary aren't on... camera. They're not in front of
- 10:01Speaker 1: the camera. Every once in a while, you might hear
- 10:03Speaker 1: a producer behind the scenes ask a question, but they
- 10:06Speaker 1: aren't one of the main people in the documentary. Nathan
- 10:09Speaker 1: Fielder is actually.
- 10:10Speaker 2: No, it was almost like an interview over 30 days, right?
- 10:13Speaker 2: Like follow them around and interview them and like that.
- 10:17Speaker 1: I know, but he's very.
- 10:18Speaker 2: Yes.
- 10:18Speaker 1: Integrated. Yes.
- 10:20Speaker 2: But that's the only reason it was entertaining.
- 10:22Speaker 1: Well, he was entertaining.
- 10:23Speaker 2: Yeah. If he wasn't in it, it'd be boring.
- 10:25Speaker 1: He's entertaining in a way where he's not trying to
- 10:27Speaker 1: be entertaining, but he's very deadpan entertaining. There were several
- 10:31Speaker 1: times when the audience laughed out loud because he was
- 10:33Speaker 1: so entertaining. But in a very not trying to be entertaining,
- 10:39Speaker 1: he would just- Well.
- 10:40Speaker 2: That's how his show is. He kind of does that
- 10:42Speaker 2: when he helps people in these businesses. It's awkward- Yeah,
- 10:46Speaker 2: it was awkward. But you also think it's real. Or,
- 10:49Speaker 2: I mean, like, he's not trying to be funny, but
- 10:51Speaker 2: he is. In this case, for example, didn't the boyfriend say, like,
- 10:55Speaker 2: I know what you're thinking?
- 10:58Speaker 1: Right?
- 10:58Speaker 2: Like, to the director. Meaning, like, I know you think
- 11:01Speaker 2: we're weird. I know what you're thinking. And he was like, no,
- 11:03Speaker 2: you don't. And it's true. I hate it when people say, like, oh,
- 11:06Speaker 2: I know what you're thinking. No, you don't. Or, I
- 11:08Speaker 2: know how you feel. No, you don't. You might have
- 11:11Speaker 2: an idea, but you don't. And that's an example where
- 11:14Speaker 2: he called him out. I was like, they don't. And
- 11:17Speaker 2: then everyone just busted up laughing. Cause it's almost like
- 11:19Speaker 2: the director breaks character a little bit and he's not
- 11:24Speaker 2: just this warm and fuzzy guy trying to help the
- 11:26Speaker 2: story along. Like he'll kind of point out awkwardness and
- 11:29Speaker 2: kind of make jokes. Like, didn't he, what was the
- 11:32Speaker 2: present he gave her to go to prison? Oh, it
- 11:34Speaker 2: was a break. It was in the, it was a
- 11:36Speaker 2: kit to break it out of jail.
- 11:37Speaker 1: He gave her like sunglasses and like a.
- 11:40Speaker 2: Runaway outfit or something like, It's still, and then he
- 11:43Speaker 2: apologizes for it, right? He's like, oh, this might be
- 11:46Speaker 2: kind of awkward now. I thought it was funny at
- 11:48Speaker 2: the time, but maybe, no, he knows it's not. And
- 11:51Speaker 2: he gives him this gift in front of her parents.
- 11:54Speaker 1: All right, let's talk about the rise of Theranos. This
- 11:56Speaker 1: is 2004 to 2014. So the span of 10 years,
- 11:59Speaker 1: Elizabeth raised money from prominent Silicon Valley investors and built
- 12:03Speaker 1: the Edison device named after Thomas Edison. She began modeling
- 12:07Speaker 1: herself on Steve Jobs, including the black turtlenecks.
- 12:10Speaker 2: I was about to say, that's why the black turtleneck.
- 12:12Speaker 1: And a deliberately deep speaking voice. 2009, Ramesh Sunny Balwani,
- 12:18Speaker 1: which was her romantic partner at the time, he's 19
- 12:21Speaker 1: years older than she is, joined as president and COO.
- 12:25Speaker 1: The two met back in 2002 when Elizabeth was 18
- 12:28Speaker 1: years old during the Stanford University Mandarin program in Beijing.
- 12:32Speaker 1: The relationship was kept hidden from investors and the board.
- 12:36Speaker 1: During the 2010s, Elizabeth assembled a famous board that included
- 12:41Speaker 1: former Secretaries of State George Shultz and Henry Kissinger and
- 12:44Speaker 1: former Defense Secretary James Mattis. Here's my question. She's assembling
- 12:52Speaker 1: all these people that are high profile people, and they're
- 12:56Speaker 1: all these men, right? And are they just not, does
- 12:59Speaker 1: no one ask for research data or demonstrations? Do they
- 13:03Speaker 1: not want to see how this machine actually works? Do
- 13:05Speaker 1: they not try it on themselves? I mean, are these
- 13:08Speaker 1: men just all sitting around just believing everything she says?
- 13:10Speaker 1: Cause she has a black turtleneck on a red lipstick or.
- 13:13Speaker 2: My understanding is she faked it all. So like if
- 13:17Speaker 2: they did do testing, if they did demonstrate the product,
- 13:20Speaker 2: she faked it. Yeah.
- 13:22Speaker 1: But how is she faking it?
- 13:23Speaker 2: I don't know. Fake the results, fake the technology. You know,
- 13:27Speaker 2: like it probably wasn't a real time technology where they'd
- 13:30Speaker 2: prick their finger and then all the results would spit
- 13:33Speaker 2: up on a screen. So then they could fib the
- 13:37Speaker 2: results and then she could do a printout and give
- 13:39Speaker 2: it to them.
- 13:41Speaker 1: So you're saying she was going to all these links
- 13:43Speaker 1: to manipulate the data and manipulate. That's why it's very hard.
- 13:46Speaker 2: On the show, it said, didn't they say I was
- 13:49Speaker 2: supposed to test for 120 different items? And only tested
- 13:51Speaker 2: for a couple, and even those weren't accurate?
- 13:53Speaker 1: Yeah, well, then even when I watched interviews with the whistleblower,
- 13:56Speaker 1: he said, and you only could test one thing at
- 13:58Speaker 1: a time.
- 13:59Speaker 2: Oh, so it'd have to be 120 pricks?
- 14:01Speaker 1: Yeah, you couldn't even test for multiple things. You could
- 14:04Speaker 1: only test for one thing at a time. And then
- 14:06Speaker 1: he said the results weren't accurate, and people were told
- 14:08Speaker 1: the wrong things.
- 14:09Speaker 2: Well, that would make sense, because when you would go
- 14:11Speaker 2: get blood tests and everything, right, for like, you know,
- 14:14Speaker 2: pregnancy and stuff, they would take lots of tubes of
- 14:18Speaker 2: blood and send them to different labs and different testings.
- 14:22Speaker 2: And we had it done with kids and they, it's,
- 14:24Speaker 2: it's not like they just take one sample and that's it.
- 14:27Speaker 2: You need to like more than a drop. I mean,
- 14:31Speaker 2: that's just common sense. Unless there's some technology we're unaware
- 14:35Speaker 2: of that she has in her pocket and no one
- 14:36Speaker 2: else has.
- 14:37Speaker 1: Well, I guess that's what her pitch was that she
- 14:39Speaker 1: has technology in her pocket that nobody else has. And
- 14:42Speaker 1: everyone believed her.
- 14:43Speaker 2: There's only one person wearing a turtleneck around here.
- 14:52Speaker 1: The company launched in-store wellness centers with Walgreens starting in
- 14:57Speaker 1: Arizona and Palo Alto. This is back in 2013. Elizabeth
- 15:01Speaker 1: was featured on magazine covers including Fortune and Forbes. Theranos
- 15:05Speaker 1: peaked at a $ 9 billion valuation, which made Holmes a billionaire,
- 15:09Speaker 1: at least on paper.
- 15:10Speaker 2: On paper, yeah.
- 15:12Speaker 1: So then we start to talk about the collapse of Theranos.
- 15:16Speaker 1: It was a printer-sized box with a robotic pipetting.
- 15:20Speaker 2: They made it clear that the goal was to be
- 15:23Speaker 2: half the size of a Kleenex box.
- 15:26Speaker 1: Half the size of a Kleenex box.
- 15:27Speaker 2: That's what he said, yeah.
- 15:29Speaker 1: It processed finger prick samples and cartridges. It could only
- 15:33Speaker 1: run one type of test, so it handled about a
- 15:36Speaker 1: dozen of the 200 plus tests Theranos advertised, and those
- 15:39Speaker 1: results were unreliable and often failed quality control. You know,
- 15:44Speaker 1: in the movie, I don't know if you saw the part,
- 15:46Speaker 1: but she actually has this device out on a table.
- 15:49Speaker 1: So the movie is, it's that, it's her, she has
- 15:52Speaker 1: two children. She has a baby.
- 15:53Speaker 2: Is that the one that was large and it was
- 15:55Speaker 2: with wire cables? That was like... Not even close to,
- 15:58Speaker 2: he was like, this is going to be the size
- 16:00Speaker 2: of half a Kleenex box. I'm like, really? Because it's
- 16:02Speaker 2: taking up like an entire table. Right.
- 16:05Speaker 1: It was just kind of like, yeah, like this machine
- 16:07Speaker 1: was on top of like a dining room table. So
- 16:09Speaker 1: in the movie, they're staying in Del Mar, which is
- 16:12Speaker 1: near here. They're staying in Del Mar, California in a
- 16:14Speaker 1: beach house. They rented like a little beach house on
- 16:16Speaker 1: the beach and it's her and Billy, her boyfriend, and
- 16:19Speaker 1: they have two children together. She'd just given birth to
- 16:22Speaker 1: a baby and they also had a toddler. So they
- 16:24Speaker 1: had the two children together. Then there's the scene where
- 16:27Speaker 1: she has the actual device out on the table. I
- 16:30Speaker 1: actually saw an interview with the whistleblower who said that
- 16:32Speaker 1: wasn't the actual device, that this was like a future,
- 16:35Speaker 1: like this was a different device.
- 16:37Speaker 2: All I know is it was janky. It was a
- 16:39Speaker 2: bunch of random things put together. It looked like a prop.
- 16:44Speaker 2: And they just, every sentence that came out of their mouths,
- 16:48Speaker 2: you couldn't walk away with anything like new. It was just... Circular,
- 16:53Speaker 2: vague terms, technology, advanced. There was nothing definitive to explain
- 17:03Speaker 2: what it did or why it could do what it did.
- 17:06Speaker 2: Nothing at all. And then they're like, and it's going
- 17:09Speaker 2: to do this, and it's going to do that, and
- 17:11Speaker 2: it's going to be this size. And it looked ridiculous.
- 17:15Speaker 1: The other thing that was mind-boggling to me is that
- 17:18Speaker 1: while she is taking phone calls about going to prison,
- 17:22Speaker 1: she's also having meetings with people for investments for continuing
- 17:27Speaker 1: on with this same type of business idea.
- 17:29Speaker 2: And then again, those phone calls were just like vague terms,
- 17:34Speaker 2: fancy words that didn't amount to anything at all.
- 17:37Speaker 1: You know, my takeaway from the movie was that she
- 17:40Speaker 1: was very like a Stepford wife. Like, it was very, like,
- 17:44Speaker 1: the eyes. Like, she doesn't blink. That's scary. When you
- 17:48Speaker 1: look someone directly in the face and ask them a question, like,
- 17:50Speaker 1: did you lie? Or, you know, were you being deceitful?
- 17:53Speaker 1: And they don't blink. And they just stare back at
- 17:56Speaker 1: you with a smile and non-blinking. It's so robotic and strange.
- 18:02Speaker 1: There's no warmth there or authenticity or genuineness. It's creepy.
- 18:07Speaker 1: She was very creepy to me. Like, she was very
- 18:09Speaker 1: just robotic and odd.
- 18:12Speaker 2: Well, yeah. And Nathan Field, the director, also like, and
- 18:16Speaker 2: he tried to give her many chances. Like, this doesn't
- 18:18Speaker 2: sound weird to you. Are you sure?
- 18:20Speaker 1: Yeah.
- 18:21Speaker 2: Really? Like the bit when he played who's on first. Yeah.
- 18:25Speaker 2: Abbott and Costello. And she didn't get the, she hadn't
- 18:29Speaker 2: heard of it. So he's like, okay, let's play it. Right.
- 18:31Speaker 2: Who's on first. The name of the baseball player on
- 18:35Speaker 2: first base, his name is who. So it makes for
- 18:38Speaker 2: a funny joke of who's on first. Who, who, who.
- 18:42Speaker 1: Right.
- 18:43Speaker 2: So they play it and he's watching her the whole
- 18:45Speaker 2: time and trying to see her reaction. And she was,
- 18:49Speaker 2: she was blanket. Yeah.
- 18:50Speaker 1: But here's the question.
- 18:51Speaker 2: She couldn't get it. She couldn't understand it.
- 18:53Speaker 1: Yeah. But I don't know. Could she not understand the
- 18:56Speaker 1: reason he did it? You didn't see before that. The
- 18:58Speaker 1: reason that he did that was because the two of them,
- 19:01Speaker 1: Nathan Fielder and her were talking about the Theranos machine
- 19:05Speaker 1: and how it works. And she was changing wording so
- 19:09Speaker 1: that she didn't sound deceitful.
- 19:11Speaker 2: Right.
- 19:12Speaker 1: It was, So he was playing that to see if
- 19:15Speaker 1: she understood how a single word could make a difference
- 19:19Speaker 1: in someone's, what they're trying to tell other people, the
- 19:22Speaker 1: message they're conveying. So my question is, did she truly
- 19:28Speaker 1: not understand what he was trying to prove by showing
- 19:32Speaker 1: her that comedic bit? Then she looks innocent and naive.
- 19:38Speaker 1: Or did she absolutely understand what he was doing and
- 19:41Speaker 1: she just wouldn't let herself look like she caught on. Okay. Like,
- 19:46Speaker 1: was she playing a character, this naive girl that just...
- 19:50Speaker 1: you know was manipulated by other people i.
- 19:53Speaker 2: Think she's an idiot i think she didn't understand.
- 19:55Speaker 1: It i don't know i think she's so she's so
- 19:59Speaker 1: manipulative that i i think.
- 20:01Speaker 2: She how is this going huh what Huh? Manipulative. She's
- 20:05Speaker 2: an idiot.
- 20:06Speaker 1: Because she keeps telling him in this documentary that she
- 20:09Speaker 1: had nothing to do with being deceitful, that it was
- 20:12Speaker 1: other people and that she was always authentic and she
- 20:15Speaker 1: was true. And she even claims that she's never told
- 20:18Speaker 1: a lie in her entire life. And she's sticking by
- 20:21Speaker 1: that story. So I'm saying during that, when he shows
- 20:25Speaker 1: that comedic bit, if she catches on and she's quick
- 20:28Speaker 1: and she understands what he's trying to prove there... Then
- 20:31Speaker 1: it's like admitting that she uses words to manipulate. But
- 20:35Speaker 1: I think she was playing a character just being that doe-eyed, non-blinking,
- 20:40Speaker 1: Stepford wife. Like, no, I don't get it.
- 20:44Speaker 2: You can give her that credit.
- 20:46Speaker 1: I'm not giving her credit. I'm saying that's worse.
- 20:48Speaker 2: Okay.
- 20:49Speaker 1: I'm saying that she's manipulating whoever is in front of her.
- 20:54Speaker 1: That she's so good at that. Mm-hmm. Patients got wrong results,
- 20:58Speaker 1: including false HIV positives and false miscarriage diagnosis. I mean,
- 21:02Speaker 1: this is just like... It's worthless. This is like junk science.
- 21:05Speaker 2: It's like throwing darts on a little chart. You're just like, oh,
- 21:08Speaker 2: this is what you have. This is what you have.
- 21:10Speaker 1: Investors were misled by exaggerated claims about military use and
- 21:14Speaker 1: fake pharmaceutical validations. All right, so talking about how she
- 21:19Speaker 1: manipulated investors... So most samples were secretly run on modified
- 21:24Speaker 1: Siemens commercial machines diluted to make up for the small
- 21:28Speaker 1: blood volume, which made them less accurate. Many patients' tests
- 21:32Speaker 1: ended up being ordinary venous draws on standard equipment, not
- 21:37Speaker 1: one drop of blood that the company was claiming to do.
- 21:41Speaker 1: So that was what a whistleblower was saying. I saw
- 21:43Speaker 1: that in an interview where it was like they were
- 21:44Speaker 1: claiming that it was one drop of blood. And I
- 21:46Speaker 1: think that's what they visually show people. Like, look, it's
- 21:49Speaker 1: just one drop of blood. But then when they're actually
- 21:51Speaker 1: running the test, they're having to use more samples. So
- 21:54Speaker 1: like this whole concept in the movie of how she
- 21:57Speaker 1: didn't do anything wrong and wasn't deceitful is crazy to
- 22:00Speaker 1: me that she can look at him in the eye
- 22:02Speaker 1: and say things like that.
- 22:03Speaker 2: Right.
- 22:05Speaker 1: The Edisons sat in a lab nicknamed Normandy, kept away
- 22:09Speaker 1: from inspectors who were shown the commercial machine lab, which
- 22:13Speaker 1: was dubbed Jurassic Park. Proficiency tests were run on commercial
- 22:17Speaker 1: machines instead of the Edisons. Oversight was weak, and regulators
- 22:21Speaker 1: later voided two years of Edison results. All right, so
- 22:24Speaker 1: the team, so at the workplace at Theranos, so the
- 22:28Speaker 1: teams were siloed, which means they weren't allowed to speak
- 22:31Speaker 1: to each other.
- 22:32Speaker 2: Mm-hmm.
- 22:33Speaker 1: And Sonny Balwani watched the staff very closely. People who
- 22:36Speaker 1: raised doubts were fired or sidelined, and departing employees faced
- 22:40Speaker 1: strict NDAs and aggressive legal threats.
- 22:43Speaker 2: It's frustrating to see these crappy people take all kinds
- 22:46Speaker 2: of money and complain and, you know, act like they
- 22:50Speaker 2: didn't do anything wrong.
- 22:52Speaker 1: In October of 2015, Wall Street Journal reporter John Kiryu
- 22:57Speaker 1: published his first expose using whistleblowers, including Tyler Schultz. That's
- 23:02Speaker 1: the the guy I've seen several interviews with, he was
- 23:05Speaker 1: a whistleblower, and Erica Chung, he told the public that
- 23:08Speaker 1: most tests actually ran on modified commercial machines and that
- 23:12Speaker 1: the Edison results were unreliable. Then we get to 2016,
- 23:17Speaker 1: federal regulators found that Theranos' lab posed immediate jeopardy to patients.
- 23:23Speaker 1: Holmes was banned from operating a lab for two years,
- 23:26Speaker 1: Walgreens ended the partnership, and Theranos voided two years of
- 23:30Speaker 1: Edison test results. Holmes and Balwani split, and he left
- 23:34Speaker 1: the company. All right.
- 23:38Speaker 2: Walgreens. Can't believe they dumped millions into it. Yeah. Setting
- 23:43Speaker 2: up their shops and stuff to have a little section
- 23:46Speaker 2: or whatever.
- 23:47Speaker 1: Like a little site.
- 23:47Speaker 2: Marketing and training, all based on nothing. Nothing.
- 23:53Speaker 1: In March of 2018, the SEC filed civil fraud charges
- 23:57Speaker 1: against Holmes, Theranos, and Sonny Balwani. It alleged that they
- 24:00Speaker 1: raised more than $ 700 million from investors between 2013 and
- 24:05Speaker 1: 2015 through false and misleading statements about the company's technology, business,
- 24:10Speaker 1: and finances. Holmes settled without admitting or denying allegations. She
- 24:16Speaker 1: paid a $ 500, 000 fine, returned 18.9 million shares, gave up
- 24:21Speaker 1: voting control of the company, and was barred from serving
- 24:24Speaker 1: as an officer or director of a public company for
- 24:26Speaker 1: 10 years. In June of 2018, Holmes and Bolani were
- 24:31Speaker 1: indicted on federal wire fraud and conspiracy charges, and Holmes
- 24:35Speaker 1: stepped down as CEO. September of 2018, Theranos shut down
- 24:40Speaker 1: after A decade. It took a decade. Like she ran
- 24:47Speaker 1: this scam for a decade.
- 24:48Speaker 2: I was wondering, did she live like some fancy lifestyle?
- 24:52Speaker 1: There probably was a period of time where she, I mean.
- 24:54Speaker 2: I mean, she supported herself, I know. But I mean,
- 24:56Speaker 2: did she do anything extravagant?
- 24:57Speaker 1: Well, I think she had access to a lot of
- 25:00Speaker 1: money at one point, but I think it was probably brief.
- 25:02Speaker 2: But did she use it?
- 25:03Speaker 1: I don't know.
- 25:04Speaker 2: Did she permanently have her eyelids sewn open?
- 25:09Speaker 1: Maybe.
- 25:09Speaker 2: So she wouldn't have to blink?
- 25:11Speaker 1: She clearly didn't do much with her hair, though.
- 25:15Speaker 2: No.
- 25:15Speaker 1: There was a lot of hair issues in the new movie.
- 25:18Speaker 2: And she was sweating.
- 25:20Speaker 1: She was sweating. Well, they were on the beach. It
- 25:22Speaker 1: was pretty humid.
- 25:23Speaker 2: All I know is it was very... If you want
- 25:25Speaker 2: to be uncomfortable for three hours. I felt like we
- 25:28Speaker 2: were sitting in the room with him.
- 25:29Speaker 1: I know it was. And the fact that Nathan Fielder,
- 25:33Speaker 1: he loves uncomfortable. Like he lives in that. He is
- 25:36Speaker 1: so deadpan and fine in that uncomfortable weirdness.
- 25:40Speaker 2: Yeah, but he had his homework cut out for him
- 25:44Speaker 2: on that.
- 25:45Speaker 1: Assignment yeah you know what else i don't understand they
- 25:48Speaker 1: show when her boyfriend gets in the shower they show
- 25:51Speaker 1: him naked in the shower there's.
- 25:52Speaker 2: Like that's the part i missed i came late for.
- 25:54Speaker 1: That you didn't see i saw that it was a
- 25:56Speaker 1: little shocking it was like full frontal nudity i didn't.
- 25:59Speaker 2: Understand probably his doing it's probably like.
- 26:02Speaker 1: That's part of the yeah it's probably.
- 26:03Speaker 2: His contract he added he redlined his contract he added
- 26:07Speaker 2: must include frontal nudity.
- 26:08Speaker 1: Full frontal wiener shot exactly It was strange. It just
- 26:12Speaker 1: came out of nowhere. I wasn't expecting that. But you
- 26:16Speaker 1: can see everything.
- 26:17Speaker 2: Okay, good. I'm glad I can see that.
- 26:21Speaker 1: All right. So we get to 2019. Elizabeth, oh, she
- 26:25Speaker 1: married Billy Evans. So they are married. I didn't know
- 26:27Speaker 1: if he was a boyfriend or they were married, but
- 26:29Speaker 1: they are. He is a hotel chain heir. He comes
- 26:32Speaker 1: from a wealthy family. Because that was another thing that
- 26:34Speaker 1: Nathan Fielder, the director, asked him. He was like, why
- 26:37Speaker 1: are you with her? Like, why would you Stick around.
- 26:41Speaker 2: It's funny how money's always like a reason. Well, clearly
- 26:46Speaker 2: it must be money. You know what I mean? Like
- 26:48Speaker 2: someone's like the big age gap or someone's not fit
- 26:51Speaker 2: and the other person's fit or just something. And people
- 26:54Speaker 2: are like, well, it must be money.
- 26:56Speaker 1: Well, he comes from. A family.
- 26:59Speaker 2: All right, so it's not money.
- 27:00Speaker 1: So it's not money. Maybe he's just addicted to the notoriety,
- 27:04Speaker 1: whether it's good or bad. Like some people just thrive
- 27:08Speaker 1: in the public eye, whether it's positive or negative.
- 27:10Speaker 2: Maybe he's mesmerized by your eyes.
- 27:13Speaker 1: Maybe. In 2020, her trial was delayed repeatedly because of
- 27:17Speaker 1: COVID-19 and her pregnancy. In July of 2021, she gave
- 27:22Speaker 1: birth to her first child, a son named William. On
- 27:25Speaker 1: August 31st of 2021, her trial begins in federal court
- 27:29Speaker 1: in San Jose. Holmes and Balwani were tried separately. She
- 27:33Speaker 1: testified in her own defense over seven days. She accused
- 27:37Speaker 1: Balwani of emotional and sexual abuse during their relationship, which
- 27:41Speaker 1: he denied. Balwani argued that she believed in the technology
- 27:44Speaker 1: at Theranos. On January 3rd of 2022, the jury reached
- 27:49Speaker 1: a split verdict. She was found guilty on one count
- 27:51Speaker 1: of conspiracy to defraud investors. and three counts of wire fraud.
- 27:57Speaker 1: She was found not guilty on four counts related of
- 28:00Speaker 1: defrauding patients and the jury remained deadlocked on three investor
- 28:04Speaker 1: fraud counts. That resulted in a mistrial for those charges.
- 28:08Speaker 1: Prosecutors chose not to retry her on the three hung counts.
- 28:13Speaker 1: Then in March of 2022, Hulu's The Dropout premiered and
- 28:17Speaker 1: Amanda Seyfried won an Emmy for playing Holmes. There was
- 28:21Speaker 1: another thing in this movie where I was confused because
- 28:23Speaker 1: Amanda Seyfried shows up in this movie.
- 28:26Speaker 2: Mm-hmm.
- 28:27Speaker 1: And Nathan Fielder goes and he's talking to her about
- 28:31Speaker 1: Elizabeth Holmes, which they've never met.
- 28:33Speaker 2: She portrayed her in the TV series on Hulu.
- 28:36Speaker 1: So now she's also in this documentary. But for a
- 28:40Speaker 1: moment when she first shows up in this documentary, I
- 28:43Speaker 1: was confused because they did a kind of combined scene
- 28:47Speaker 1: of him talking to Amanda Seyfried about Elizabeth. But then
- 28:52Speaker 1: she was also portraying Elizabeth. So at first, I didn't
- 28:56Speaker 1: understand really what was going on. And then I realized
- 28:59Speaker 1: they brought her in, which was interesting the way they
- 29:02Speaker 1: brought her in. They brought her in because she played her,
- 29:05Speaker 1: so she knew a lot about her and her life.
- 29:08Speaker 1: But then they also used her towards the end of
- 29:10Speaker 1: the film for reenactments because once Elizabeth Holmes actually reports
- 29:15Speaker 1: to prison and goes to jail, which they show in
- 29:17Speaker 1: the documentary, right? She puts her... Remember, she talked about
- 29:23Speaker 1: how she was going to go shopping. She had to
- 29:24Speaker 1: get herself like a sweater to go to show up
- 29:27Speaker 1: for prison.
- 29:28Speaker 2: Yeah, she was worried about her. It was her surrender outfit.
- 29:31Speaker 1: Her surrender outfit. That's right. Her surrender outfit. So then
- 29:34Speaker 1: once she's incarcerated, he can't interview her or really he
- 29:38Speaker 1: doesn't have access to her anymore. But there's still all
- 29:41Speaker 1: these things going on because he still has contact with Billy.
- 29:45Speaker 1: He's still talking to Billy. Billy's telling him things about her.
- 29:49Speaker 2: Billy being the husband.
- 29:49Speaker 1: Billy being the husband.
- 29:50Speaker 2: Yeah.
- 29:51Speaker 1: So in order to reenact those scenes, he uses Amanda
- 29:54Speaker 1: Seyfried to play her.
- 29:55Speaker 2: I know. That's kind of funny, though.
- 29:57Speaker 1: But she also plays herself. So it's kind of confusing.
- 30:00Speaker 1: I mean, I guess that's what makes this documentary so interesting.
- 30:02Speaker 1: I mean, it has twists and turns everywhere. Even though
- 30:07Speaker 1: it's very slow moving and it's three hours, you are
- 30:10Speaker 1: kind of enthralled by what's going on.
- 30:12Speaker 2: Well, you're always waiting for, like, what are they going
- 30:14Speaker 2: to say? When's she going to open up? Or what's
- 30:16Speaker 2: the director going to say? Like, you're always waiting for, like,
- 30:19Speaker 2: the next line. Right. Because you're just hanging on by
- 30:22Speaker 2: a thread like, what is going on? And you can
- 30:24Speaker 2: hear like a pin drop kind of thing sometimes.
- 30:28Speaker 1: So on November 18th of 2022, Elizabeth was sentenced to
- 30:31Speaker 1: 11 years and three months in federal prison, followed by
- 30:34Speaker 1: three years of supervised release. Balwani was later sentenced to
- 30:37Speaker 1: nearly 13 years. In February of 2023, Elizabeth gave birth
- 30:42Speaker 1: to her second child, who was a daughter named Invicta.
- 30:46Speaker 1: May of 2023, Holmes and Balwani were ordered to pay
- 30:48Speaker 1: $ 452 million in restitution. The Ninth Circuit denied her request
- 30:54Speaker 1: to stay out of prison while she appealed. And then
- 30:58Speaker 1: she spent her final weeks of freedom with the A24
- 31:01Speaker 1: film crew, which is what we've been talking about. That
- 31:03Speaker 1: was the production company.
- 31:05Speaker 2: My understanding is she or he reached out to the
- 31:08Speaker 2: production company and was like, we want to do this. Yes.
- 31:12Speaker 1: I just wonder, and my question is, did she know
- 31:15Speaker 1: who Nathan Fielder was?
- 31:16Speaker 2: I don't know, because I saw an interview with him
- 31:17Speaker 2: and he was like, doesn't she know the kind of
- 31:20Speaker 2: films I make? Right. Which is like exposing, I don't know,
- 31:25Speaker 2: pettiness or awkwardness or people's uncomfortableness. Yeah. I mean, he
- 31:31Speaker 2: kind of, I wouldn't say he makes fools of people,
- 31:33Speaker 2: but he kind of makes a joke of a scenario.
- 31:36Speaker 1: Right. And he's very good at that.
- 31:38Speaker 2: Yeah. Like he opened up, I'm not going to go
- 31:39Speaker 2: into a big, but he opened up the dumb Starbucks.
- 31:41Speaker 1: Right.
- 31:41Speaker 2: So he helps a guy with a coffee shop that's
- 31:43Speaker 2: doing poorly. And he's like, well, let's call it dumb Starbucks,
- 31:46Speaker 2: make it a parody and we'll sell your coffee. It's
- 31:48Speaker 2: quote unquote art. And then it's a parody so we
- 31:50Speaker 2: can do it. So he's doing this whole thing and
- 31:53Speaker 2: it's silly. It's not real marketing. He wouldn't do that.
- 31:55Speaker 2: And it makes a joke of the whole thing. Right. Mm-hmm.
- 31:58Speaker 2: So if she saw these little videos that he did,
- 32:01Speaker 2: I don't think she'd pick him for a documentary.
- 32:03Speaker 1: Well, that was my question. I wondered if she knew
- 32:05Speaker 1: about his background at all. Because you know what he
- 32:07Speaker 1: reminds me of? He reminds me of Borat.
- 32:10Speaker 2: Oh, yeah. Where... Sacha Baron Cohen.
- 32:12Speaker 1: Yes. Where I think it's funny, but it's also very uncomfortable. Like,
- 32:16Speaker 1: I get secondhand embarrassment watching that sometimes, especially certain scenes
- 32:20Speaker 1: where you know everyone at that dining room table believes that.
- 32:23Speaker 2: Bora is playing a real character.
- 32:25Speaker 1: Right.
- 32:25Speaker 2: He doesn't break character.
- 32:26Speaker 1: And he never breaks character.
- 32:27Speaker 2: And everyone thinks it's legit.
- 32:29Speaker 1: Right.
- 32:30Speaker 2: And he's obviously very awkward and uncomfortable and inappropriate many times. Right.
- 32:35Speaker 1: And then you're sitting there watching everyone at a table...
- 32:38Speaker 1: be completely uncomfortable because they think he's a real person
- 32:43Speaker 1: who says and acts like that. And you can, like,
- 32:46Speaker 1: I can feel my heart have palpitations because I'm like,
- 32:49Speaker 1: this is so uncomfortable. That's how I felt at times
- 32:53Speaker 1: watching this documentary because Nathan Fielder is so good at
- 32:57Speaker 1: creating those scenarios where he just asks the questions and
- 33:02Speaker 1: that are inappropriate or maybe like very deep. And then
- 33:06Speaker 1: he puts people in awkward positions where they just kind
- 33:08Speaker 1: of sit there and they don't know what to say.
- 33:11Speaker 1: And instead of being like, I would move on and
- 33:13Speaker 1: ask something else. He doesn't, he'll just sit there.
- 33:15Speaker 2: He'll sit there for 15, 20 seconds, probably silent, staring
- 33:18Speaker 2: and waiting for a response.
- 33:19Speaker 1: And stare you at you.
- 33:21Speaker 2: Right.
- 33:21Speaker 1: And so you're just sitting there in the audience and
- 33:23Speaker 1: you're like, this.
- 33:24Speaker 2: Is so uncomfortable. If Elizabeth or whomever would say, I
- 33:31Speaker 2: don't really know. Then he would just sit there and
- 33:34Speaker 2: stare at them, waiting for more.
- 33:36Speaker 1: Right. And it's uncomfortable. And then that's why she smiles.
- 33:41Speaker 1: So much because he keeps putting her in these situations
- 33:45Speaker 1: where he's asking her uncomfortable questions, but he never moves
- 33:49Speaker 1: on from it. He also is always lurking, which I found.
- 33:52Speaker 2: Like his head would peek around a corner and he
- 33:54Speaker 2: had his headsets on. He's like peeking around the corner.
- 33:57Speaker 1: But the camera would like zoom in on him and
- 34:00Speaker 1: his face and he'd be like in a hallway lurking
- 34:03Speaker 1: or he'd be like, you know, around a corner lurking.
- 34:06Speaker 1: And he was always, he was a lurker, which I
- 34:08Speaker 1: found amusing as well.
- 34:10Speaker 2: I would strongly recommend anyone search Nathan Fielder on YouTube
- 34:13Speaker 2: and find his videos. They're pretty funny.
- 34:15Speaker 1: We're a big fan of Nathan Fielder. Not so much
- 34:17Speaker 1: Elizabeth Holmes. No. But Nathan Fielder.
- 34:20Speaker 2: He's funny.
- 34:21Speaker 1: He reminds me of you. Oh, yeah. And this is
- 34:23Speaker 1: why I think you like him so much is you don't–
- 34:26Speaker 1: you're deadpan.
- 34:27Speaker 2: Well, I like the– like you don't have– everyone has–
- 34:33Speaker 2: to laugh for it to be funny, right? Like the
- 34:35Speaker 2: jokes on them, but they think the jokes on him
- 34:38Speaker 2: or like he's a weirdo, but it's really them. Like Borat, right?
- 34:41Speaker 2: Like who was, who were you laughing at? The people, well,
- 34:44Speaker 2: him and the people's reactions, but everyone, I don't know,
- 34:47Speaker 2: I just like that.
- 34:48Speaker 1: Well, he's, yeah.
- 34:49Speaker 2: By the way, Sacha Baron Cohen did say that he,
- 34:51Speaker 2: because the question was, do you feel like you're making
- 34:54Speaker 2: people uncomfortable and all this and that and making them
- 34:56Speaker 2: look like idiots on TV? And he goes, actually, he
- 34:57Speaker 2: goes quite the opposite. He goes, I think it shows
- 34:59Speaker 2: a lot of how kind people are because they're patient
- 35:02Speaker 2: with them. They're helping him. It is awkward. They don't
- 35:05Speaker 2: blow him off and tell him to scram. They actually
- 35:07Speaker 2: help him, you know, like in a sad, attempting way
- 35:10Speaker 2: of trying to, you know, get him up off his feet.
- 35:13Speaker 2: So that's not the case with Elizabeth Holmes, though. She
- 35:16Speaker 2: was just a wacko.
- 35:18Speaker 1: All right. On May 30th of 2023, she reports to
- 35:20Speaker 1: the federal prison camp in Bryan, Texas, a minimum security facility.
- 35:25Speaker 1: We see this in the movie. It shows her actually reporting,
- 35:28Speaker 1: and she's walking across the yard to go into the
- 35:31Speaker 1: federal prison camp. This is in Texas. And you can see... Also,
- 35:35Speaker 1: there's a ton of paparazzi out there. Did you see
- 35:37Speaker 1: that part where they're just all just, you know, tons? Yeah.
- 35:40Speaker 2: Which is... I never understood that. You have like 100
- 35:43Speaker 2: people taking thousands of photos each of her walking into
- 35:47Speaker 2: the prison.
- 35:47Speaker 1: Of her back walking into the prison. Yeah. I mean,
- 35:50Speaker 1: it must have.
- 35:50Speaker 2: That....
- 35:52Speaker 1: Vision that photo must have gone for high amounts that's
- 35:56Speaker 1: why they're all out there i mean i guess those
- 35:58Speaker 1: papers or newspaper whoever buys it wanted her walking into
- 36:01Speaker 1: federal prison the bureau of prisons projected a release date
- 36:05Speaker 1: of december 29th of 2032 which reflects a good conduct
- 36:10Speaker 1: credit the ninth circuit heard oral arguments on the appeals
- 36:14Speaker 1: by holmes and balwani and a three-judge panel rejected both
- 36:17Speaker 1: of their appeals the panel said the trial judge may
- 36:19Speaker 1: have made small procedural errors but they were harmless. The
- 36:23Speaker 1: Ninth Circuit unanimously denied a rehearing both by the panel
- 36:27Speaker 1: and by the full court that left the Supreme Court
- 36:30Speaker 1: as her only remaining route to overturning the conviction. Ghislaine
- 36:34Speaker 1: Maxwell was transferred to the same prison camp, and Jen
- 36:38Speaker 1: Shaw from Salt Lake City is also there. She and
- 36:41Speaker 1: Elizabeth allegedly became friends.
- 36:44Speaker 2: How much did she take in that she only has
- 36:46Speaker 2: to return $ 450, 000?
- 36:48Speaker 1: You know, that I don't know, but she does– in
- 36:50Speaker 1: the documentary, I don't know if you remember, but she
- 36:51Speaker 1: does say that she has no– that she has no money.
- 36:55Speaker 2: Oh, clearly.
- 36:55Speaker 1: And that money isn't– she talks all the time. She
- 36:57Speaker 1: makes several statements about how she didn't do Theranos for money,
- 37:02Speaker 1: that she wasn't interested in money, she's not interested in money.
- 37:04Speaker 1: And then that's why– He exposes in the end, after
- 37:07Speaker 1: she goes to prison, he exposes, he's talking to Amanda
- 37:12Speaker 1: Seyfried and he says to her, let me tell you
- 37:14Speaker 1: this thing that happened. Billy Evans, the boy, the husband.
- 37:18Speaker 2: Well, also she, yeah, you're right. She said, I didn't
- 37:21Speaker 2: do it for money and this and that. And then
- 37:22Speaker 2: she makes it like, why would I do any of this?
- 37:25Speaker 2: I'm just trying to, why would I do this if
- 37:27Speaker 2: I was lying? Meaning the documentary. If I'm a liar,
- 37:30Speaker 2: I wouldn't, I wouldn't have invited you into my home.
- 37:32Speaker 2: That's what she says, those things. So go ahead.
- 37:35Speaker 1: Sorry. So anyway, in the end, like I would say
- 37:38Speaker 1: the last half of the movie or the last third
- 37:40Speaker 1: of the movie is basically him, Nathan Fielder, the director,
- 37:45Speaker 1: telling Amanda Seyfried about this situation that happened before they
- 37:48Speaker 1: started filming, where Billy Evans asked him and the A24
- 37:51Speaker 1: production team to come and meet. And they go meet
- 37:54Speaker 1: at some house. They're all sitting around. Elizabeth is there.
- 37:57Speaker 1: She's talking. She's looking at her computer. She's, I guess,
- 38:00Speaker 1: probably just talking about how she wants them to follow her.
- 38:02Speaker 1: And she wants to be authentic. And she wants whatever.
- 38:04Speaker 1: This lasts 30 days before she goes to prison. Then
- 38:07Speaker 1: she hears her baby cry. So she leaves the room.
- 38:11Speaker 1: Then when she leaves the room, Billy... says, all right,
- 38:16Speaker 1: what are you going to pay us to do this? Well,
- 38:18Speaker 1: the point of a documentary is when people do documentaries,
- 38:21Speaker 1: they don't get paid, right? Then there's no influence, right?
- 38:24Speaker 1: You don't have editing control or you're just doing it
- 38:27Speaker 1: because you're- Or.
- 38:28Speaker 2: You're not saying, well, they paid me a hundred grand,
- 38:29Speaker 2: so I just said whatever they wanted me to say.
- 38:31Speaker 1: Right. It's just basically like the point of a documentary
- 38:34Speaker 1: is you're supposed to be your authentic self and it's
- 38:36Speaker 1: just putting it out there and the director's piecing it
- 38:39Speaker 1: together and following you and not manipulating it.
- 38:42Speaker 2: Right. Right.
- 38:43Speaker 1: So when she walks away and she leaves the room,
- 38:46Speaker 1: he says, okay, let's, let's figure out the terms. Like
- 38:48Speaker 1: we're going to get paid for this or he's going
- 38:50Speaker 1: to get paid. However you want to look at it,
- 38:52Speaker 1: but she's not in the room at this time. So
- 38:54Speaker 1: then later when he starts filming her, she makes a
- 38:57Speaker 1: couple of comments about how she's not doing it for money.
- 39:00Speaker 1: So then Nathan Fielder, his question to Amanda Seyfried is,
- 39:05Speaker 1: is this woman really not doing it for money? And
- 39:07Speaker 1: she doesn't know that her husband was like bargaining and
- 39:10Speaker 1: negotiating on her behalf because they agreed to pay them.
- 39:14Speaker 1: Because basically they come too far at that point, right?
- 39:17Speaker 1: They're invested. They're going to show up. They're going to film.
- 39:19Speaker 1: They probably had a production crew put together and they
- 39:23Speaker 1: hired people, all these things. Then he says he wants
- 39:26Speaker 1: a cut of the you know, the profits of the movie.
- 39:29Speaker 1: So at that point, I think they had their hands tied.
- 39:31Speaker 1: So they had to agree to it. So there is
- 39:34Speaker 1: a contract in place where I don't know how much
- 39:36Speaker 1: money it was or what the percentage was, but they
- 39:38Speaker 1: did agree to pay them. Wow. So then when he's
- 39:42Speaker 1: filming her during this 30 days or however many days
- 39:44Speaker 1: it was, and she makes comments about how she's not
- 39:47Speaker 1: doing it for money. His question is, is she lying
- 39:51Speaker 1: and being manipulative? Or does she really not know that
- 39:54Speaker 1: when she left the room, her husband was negotiating on
- 39:57Speaker 1: her behalf and was getting paid for this?
- 39:59Speaker 2: I mean, I guess she didn't know. So this is what.
- 40:01Speaker 1: They're trying to figure out. So I.
- 40:05Speaker 1: I don't know. I mean, he tells her, he goes
- 40:07Speaker 1: and visits her at prison. This is like towards the
- 40:09Speaker 1: end of the movie. And when he goes and visits
- 40:10Speaker 1: her in prison, obviously we can't see this. So this
- 40:13Speaker 1: is a reenactment. So now Amanda Seyfried's there, right? Playing her.
- 40:17Speaker 1: And he tells her about this situation where Billy asks
- 40:22Speaker 1: for money and that he's getting paid and he wants
- 40:24Speaker 1: to know if she was involved in it. And again,
- 40:27Speaker 1: you don't get any real answers. She doesn't really answer anything.
- 40:31Speaker 1: She just makes it like Billy knows best and whatever
- 40:33Speaker 1: Billy wants and I mean, the character or whatever, what
- 40:37Speaker 1: I took away from the movie is that she was very,
- 40:39Speaker 1: very much controlled by this husband. And so I don't
- 40:45Speaker 1: know if that's the way she wanted it to look
- 40:46Speaker 1: because when she was on trial, she made it like
- 40:48Speaker 1: she was very much controlled by her boyfriend at the
- 40:51Speaker 1: time and that he was the one that was conning everyone,
- 40:54Speaker 1: not her. So did she want to stay consistent with this?
- 40:57Speaker 1: I'm just this weak.
- 40:59Speaker 2: He didn't have any problem with, I don't know. Why
- 41:01Speaker 2: is he, why is his, why is his in clean?
- 41:04Speaker 1: Who?
- 41:05Speaker 2: Billy.
- 41:07Speaker 1: I'm not saying they are. I thought Billy was a jerk.
- 41:08Speaker 2: I know, but legally they're clean.
- 41:11Speaker 1: Because I don't think there's any evidence that he was
- 41:12Speaker 1: involved in any of the Theranos stuff at all.
- 41:15Speaker 2: But he seems so involved when you talk to him.
- 41:18Speaker 2: Like he's all about it and he's backing her up. Well, yeah.
- 41:20Speaker 2: I mean, he's all in. Right.
- 41:22Speaker 1: And then he has her, you know, do the photo
- 41:23Speaker 1: shoot and have her make the videos. He's the one
- 41:27Speaker 1: that runs her Twitter.
- 41:28Speaker 2: He's the kind of guy where like if the doorbell
- 41:30Speaker 2: rings at midnight and they're in bed, he tells her
- 41:32Speaker 2: to go answer the door. Oh.
- 41:35Speaker 1: Yeah. I've never heard that before, but you.
- 41:37Speaker 2: Well, it's because I just made up an example.
- 41:39Speaker 1: Oh, okay.
- 41:39Speaker 2: It's not a saying. I'm just saying that's the type
- 41:41Speaker 2: of guy he is.
- 41:43Speaker 1: Well, he also runs her Twitter and he was posting
- 41:46Speaker 1: and commenting to people and telling people to F off
- 41:49Speaker 1: and things on her behalf. And so Nathan was trying
- 41:52Speaker 1: to tell her this in prison, like, do you know
- 41:53Speaker 1: he runs your Twitter? Do you know he's commenting on
- 41:56Speaker 1: your behalf? Do you know And she just didn't seem to, like,
- 42:00Speaker 1: grasp anything or care.
- 42:02Speaker 2: Who's on first. Yeah.
- 42:03Speaker 1: She was just like, eh. And it was very strange.
- 42:08Speaker 1: There is a scene where Amanda Seyfried and Billy Evans,
- 42:13Speaker 1: and she's herself, she goes and visits him. She goes
- 42:16Speaker 1: with Nathan. So he meets her. Yeah. Which is kind
- 42:19Speaker 1: of awkward, right? Because she played her. She played his
- 42:21Speaker 1: wife in the movie. They meet each other. She's at
- 42:24Speaker 1: their house. They're having dinner. And then Elizabeth Holmes calls
- 42:30Speaker 1: from prison and she's on speakerphone. And that's like the
- 42:32Speaker 1: first time Amanda ever like talks to her. And Amanda
- 42:36Speaker 1: asked her, did you know I was going to be
- 42:37Speaker 1: here tonight? And she goes, well, I don't know if
- 42:39Speaker 1: I knew. Like who answers that? That's what I mean.
- 42:42Speaker 1: But she never actually answers anything directly. Like I don't
- 42:46Speaker 1: know if I knew anything. I'm just going to do
- 42:49Speaker 1: that from now on. I don't know if I knew.
- 42:50Speaker 1: I don't know if I don't know. I mean, what
- 42:54Speaker 1: a way to just not commit.
- 42:56Speaker 2: Escape life.
- 42:57Speaker 1: To just not commit to anything. I don't know if
- 42:59Speaker 1: I knew.
- 42:59Speaker 2: I was wondering if that was her defense in court.
- 43:01Speaker 2: Because that's all she did with the director was just like,
- 43:04Speaker 2: I don't know.
- 43:05Speaker 1: I didn't know. I don't know. I don't know.
- 43:07Speaker 2: Yeah.
- 43:08Speaker 1: So it was strange to me. her answer there. Like,
- 43:11Speaker 1: I don't know if I knew. Anyway, then Amanda Seyfried
- 43:15Speaker 1: as herself, not playing a reenactment, and Billy, they actually
- 43:18Speaker 1: get into this argument. Because she is telling him that
- 43:21Speaker 1: he shouldn't be running her Twitter and he shouldn't be
- 43:23Speaker 1: commenting on her behalf and telling people to F off
- 43:26Speaker 1: on Twitter because he's representing her and her brand and
- 43:30Speaker 1: he shouldn't be doing that. And he makes a jab
- 43:33Speaker 1: at her, something like, well, you lost half of your
- 43:36Speaker 1: followers or something. You shouldn't be telling me anything about
- 43:40Speaker 1: social media because you don't know anything. And it was
- 43:42Speaker 1: because she had made a comment about Charlie Cook. And
- 43:45Speaker 1: so the two of them just start arguing well now
- 43:48Speaker 1: he's even a bigger jerk he's going after amanda yeah
- 43:51Speaker 1: he got they got in a real legit argument and
- 43:54Speaker 1: he like went after her hardcore she held her ground
- 43:56Speaker 1: pretty well i have to give her credit for that
- 43:58Speaker 1: she's probably not very infested but then nathan's like sitting
- 44:00Speaker 1: there you know they're like arguing i was like this
- 44:03Speaker 1: is so awkward back to my point that if elizabeth
- 44:08Speaker 1: speaks up to him like that imagine he probably speaks
- 44:11Speaker 1: to her the same Oh, I think... Which is smothering
- 44:14Speaker 1: whatever she has to say and then he steamrolls it. Oh,
- 44:16Speaker 1: I would agree with that 100%.
- 44:17Speaker 2: Yeah.
- 44:19Speaker 1: I think he manipulates and controls her, which is sad.
- 44:24Speaker 1: But I don't know. But I don't know. Because to me,
- 44:28Speaker 1: she just looks like a weak, broken woman in that movie.
- 44:31Speaker 2: I bet you every investor watched that film and thought...
- 44:33Speaker 2: Who is that? Yeah, who is that? Right? Yeah.
- 44:43Speaker 1: All right, in January of 2026, Elizabeth Holmes asked President
- 44:48Speaker 1: Trump to commute her sentence in a clemency request filed
- 44:51Speaker 1: with the Justice Department. Her request is still pending. In
- 44:55Speaker 1: March of 2026, her projected release date moved to December
- 44:59Speaker 1: 30th of 2031. I think she got like a good
- 45:03Speaker 1: behavior credit. In September of 2026, so this was very recently,
- 45:07Speaker 1: her victims were notified that she will move on August 23rd, 2027,
- 45:11Speaker 1: to the Austin Transitional Center in Del Valle, Texas, which
- 45:16Speaker 1: is a halfway house. After release, she'll live in Austin
- 45:20Speaker 1: under federal probation supervision. Her scheduled release date is now
- 45:23Speaker 1: February 22nd of 2030, which is subtracting another one year
- 45:28Speaker 1: and 10 months from her sentence. You know, with these, like,
- 45:33Speaker 1: white-collar crimes... I feel like any opportunity they get to
- 45:39Speaker 1: subtract and reduce, they just do. Because at the end
- 45:44Speaker 1: of the day, no one was murdered. So I think
- 45:47Speaker 1: it's more of like you were bad and you lied
- 45:49Speaker 1: to people and you took money.
- 45:50Speaker 2: I don't know if I like that.
- 45:52Speaker 1: But any opportunity we get to give you a good
- 45:55Speaker 1: behavior credit or to take something off your sentence, we will.
- 46:00Speaker 1: In spring of 2023, this is when you can see everything.
- 46:04Speaker 1: That's when they start filming. So they start filming this
- 46:07Speaker 1: in 2023.
- 46:07Speaker 2: Was it that long ago?
- 46:09Speaker 1: Yeah.
- 46:09Speaker 2: Three years ago?
- 46:10Speaker 1: The filmmakers, well, the end of it is more to
- 46:13Speaker 1: present time because it's... Yeah.
- 46:15Speaker 2: Yeah, because she's in prison and stuff. When did she
- 46:17Speaker 2: go to prison then? If it was filmed at the
- 46:20Speaker 2: end of 23, did she go in February of 24? No,
- 46:22Speaker 2: she went in 2023 to prison.
- 46:26Speaker 1: The filmmakers heard that Elizabeth Holmes and Billy Evans had
- 46:28Speaker 1: contacted A24 about making a documentary. Filming started 34 days
- 46:33Speaker 1: before she was due to report to prison, with wide
- 46:37Speaker 1: access to Elizabeth, to Billy Evans, and to their two children.
- 46:42Speaker 1: Nathan Fielder actually lived with the couple during the shoot,
- 46:45Speaker 1: and the filmmakers kept following Elizabeth Holmes for three years.
- 46:48Speaker 1: He wasn't actually living with her in the beginning. Do
- 46:50Speaker 1: you remember? He was living, like, nearby, and he.
- 46:54Speaker 2: Was coming over. No, I came late to the movie.
- 46:56Speaker 1: He was coming over and just filming all day.
- 46:58Speaker 2: And.
- 47:01Speaker 1: Then I guess they had offered, well, you can stay here.
- 47:04Speaker 2: Right.
- 47:05Speaker 1: And so.
- 47:05Speaker 2: He declined, right? Initially.
- 47:06Speaker 1: Initially he declined. But then during the movie, as they're filming,
- 47:10Speaker 1: like in the beginning, it shows him actually moving in.
- 47:12Speaker 1: He shows up with like his suitcases in his bag.
- 47:14Speaker 2: That was when there was 14 days left. He showed up.
- 47:15Speaker 2: He decided to move in.
- 47:16Speaker 1: Right. And then he goes into the guest bedroom and
- 47:18Speaker 1: there's no mattress on the bed. It was just a
- 47:20Speaker 1: box spring. It was pretty funny though. Cause he just
- 47:22Speaker 1: kind of like looks at the bed.
- 47:23Speaker 2: Like anyway.
- 47:24Speaker 1: So he does.
- 47:25Speaker 2: Those little moments that he includes to let you know, like,
- 47:28Speaker 2: this is real. This is like, you know, it's just.
- 47:30Speaker 2: They're capturing it as it's happening.
- 47:33Speaker 1: So the directors were Nathan Fielder and Lance Oppenheim. After
- 47:36Speaker 1: years of secrecy, it premiered as an unannounced secret screening
- 47:40Speaker 1: at the Telluride Film Festival. This was in September of 2026.
- 47:43Speaker 1: Then the movie opened on October 16th of 2026. It
- 47:48Speaker 1: opened in limited release, then expanded nationwide on October 23rd.
- 47:53Speaker 1: It made $ 15 million from only 855 screens on its
- 47:57Speaker 1: opening weekend with more than 2,000 sold-out showings. It was
- 48:00Speaker 1: the second biggest opening weekend ever for a documentary. It
- 48:04Speaker 1: reportedly cost under $ 7 million to make the movie. Just
- 48:10Speaker 1: one last thought. Again, to me, if you just watched
- 48:14Speaker 1: the movie and you don't know anything about her, she
- 48:17Speaker 1: just comes off very Stepford Wife to me. Just very
- 48:19Speaker 1: like no substance, nothing real, nothing authentic. Like a shell
- 48:25Speaker 1: of a person. And I don't know what the reason is.
- 48:29Speaker 1: I don't know if it's because She was creating some
- 48:31Speaker 1: kind of character that she wanted people to feel sorry for.
- 48:34Speaker 2: Do you think she had any drugs in her system?
- 48:36Speaker 1: I don't have any idea.
- 48:37Speaker 2: I mean, to make her frozen like that?
- 48:42Speaker 1: No, I think she was just very.
- 48:44Speaker 2: I mean, she had a lot of anxiety for the film.
- 48:46Speaker 1: Well, I don't know if the anxiety or the shell
- 48:48Speaker 1: of the human or whoever she was now was because
- 48:51Speaker 1: she's been with this man for 10 years and he's
- 48:53Speaker 1: been controlling her life. And so that's why she was
- 48:57Speaker 1: like that. Or if she was purposely like that on
- 49:00Speaker 1: camera because she was trying to present like a very
- 49:03Speaker 1: meek and, you know, mild, non... I think you're.
- 49:08Speaker 2: Giving her too much credit to make it like she
- 49:11Speaker 2: portrayed the character of being an airhead. Why?
- 49:14Speaker 1: Because she's so manipulative. I'm not giving her credit. I'm
- 49:17Speaker 1: saying because she's so manipulative that she's able to transform
- 49:21Speaker 1: and be whoever she needs to be in the moment
- 49:23Speaker 1: to manipulate people. I feel like she was trying to
- 49:26Speaker 1: manipulate Nathan Fielder into feeling sorry for her. Maybe that's
- 49:31Speaker 1: why she was so broken.
- 49:33Speaker 2: And strange i think she painted herself into a corner
- 49:36Speaker 2: and she doesn't know how to get out of it
- 49:38Speaker 2: so she just shrugs her shoulder and just says i don't.
- 49:40Speaker 1: Know all right thank you guys for listening to legally
- 49:42Speaker 1: brunette i'd love to hear your thoughts on the movie
- 49:45Speaker 1: if you have seen it um let me know you
- 49:47Speaker 1: can find me on instagram also if you have any
- 49:49Speaker 1: cases to recommend please feel free free to find me
- 49:52Speaker 1: on instagram and send me a message um also be
- 49:56Speaker 1: sure to tell your friends and family about legally brunette
- 49:58Speaker 1: and thank you so much for listening we appreciate you