Theranos CEO Elizabeth Holmes Stands Trial for Allegedly Defrauding Stakeholders

KQED's Forum

KQED

News Commentary, News, Politics

4.2 • 727 Ratings

🗓️ 1 September 2021

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

College dropout Elizabeth Holmes once claimed her start-up Theranos would transform blood tests and modern medicine. At its peak in 2015, the company was worth $9 billion and was set to roll out its products across the country. But that came crashing down when investigations revealing that the technology was unreliable resulted in criminal charges against Holmes for defrauding investors and clients. Delayed by the pandemic, Holmes’ trial is finally underway in San Jose. We discuss what you need to know to follow along with the proceedings, and hear how the controversy has shaken Silicon Valley and startup culture. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:56.7	From KQED.
1:09.9	Welcome to Forum. I'm Alexis Madrigal.
1:12.2	Theranos is back, not the company, but the blockbuster story of its failure, the tremendous
1:17.5	scam pulled by its founder, Elizabeth Holmes, and the financial ecosystem that invested
1:22.0	hundreds of millions of dollars in the company.
1:24.9	A criminal fraud trial for Holmes begins this week and we'll revisit whether she was a symptom
1:29.1	of Silicon Valley culture or an exception.
1:31.9	And then college football season has begun
1:34.2	and the NFL gets going soon.
1:36.1	Two respected sports writers joined to help me decide
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1:40.7	That's all next on Forum after this news.
2:00.1	Music football. That's all next on Forum after this news. Welcome to Forum. I'm Alexis Madrigal. Stanford dropout Elizabeth Holmes once claimed her
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