6. What Now?

The Dropout

ABC News

True Crime

4.6 • 25.6K Ratings

🗓️ 27 February 2019

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

As Elizabeth Holmes awaits a criminal trial, how is she spending her days? A former employee who had a chance encounter tells us some surprising new details about just that, while an old classmate emerges to share some insight into her past. Plus former U.S. Attorney for the Southern District of New York, Preet Bharara shares his analysis on Elizabeth's potential legal fate...and then there's Balto. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Previously on The Dropout, the SEC charged Elizabeth Holmes and Sunny Bellwani with running
0:06.9	an elaborate years-long fraud.
0:09.0	A list of it settled without had been a wrongdoing.
0:24.9	He was stripped of her control of Theranos and agreed to pay a $500,000 fine.
0:30.5	The Department of Justice followed suit.
0:33.2	Elizabeth and Sunny were now facing criminal charges and decades in prison if convicted.
0:39.6	Sunny's lawyer vowed he would fight the charges.
0:42.4	I think that this is a big business failure.
0:45.4	They made mistakes along the way in executing a business plan, but that's not fraud.
0:49.6	But where does that leave Elizabeth?
0:51.6	Theranos will have a new CEO if not the Elizabeth Holmes.
1:01.8	From ABC Radio and Nightline, this is The Dropout.
1:06.7	Episode 6.
1:08.8	What now?
1:09.8	Hi, this is Megan.
1:16.8	Hey Megan, it's Rebecca Jarvis in New York.
1:18.5	How are you?
1:19.5	I'm doing well.
1:20.5	Rebecca, how are you doing?
1:21.5	You're listening to Megan Long.
1:23.6	She first met Elizabeth Holmes in 1995 when they started sixth grade together at St. John's
1:29.2	private school in Houston.
	...

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