The downfall of Elizabeth Holmes: Is the young billionaire going to jail? | 60 Minutes Australia

Subscribe here: Full Episodes: | The Bloody Lie (2022)

The promise was a health care revolution. The reality was a bloody lie. When Elizabeth Holmes claimed she’d invented a device that with a pinprick of blood could diagnose hundreds of medical conditions, she became the darling of Silicon Valley. Holmes, along with her business partner and ex-lover Sunny Balwani, then set about duping investors to bankroll their multi-billion dollar company, Theranos. But what the couple didn’t count on was the courage of two of their own staff who knew the blood machine didn’t work, and knew they had to tell the world. Now Holmes and Balwani have been found guilty of fraud and could face decades in jail.

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For over forty years, 60 Minutes have been telling Australians the world’s greatest stories. Tales that changed history, our nation and our lives. Reporters Liz Hayes, Tom Steinfort, Tara Brown, Liam Bartlett and Sarah Abo look past the headlines because there is always a bigger picture. Sundays are for 60 Minutes.