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American Greed Podcast

Theranos CEO on Trial

American Greed Podcast

CNBC

True Crime, Documentary, Tv & Film, Society & Culture

4.61.9K Ratings

🗓️ 18 January 2022

⏱️ 40 minutes

🧾️ Download transcript

Summary

American Greed reveals fresh details about one of the most infamous corporate fraud cases of the 21st century: Theranos, with former insiders providing new insights. (Original television broadcast: 01-12-22) Check out the new season of American Greed at: https://www.cnbc.com/american-greed/

Transcript

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0:00.0

This is the American Greek podcast presented by CNBC, I'm Stacey Keach.

0:07.0

In this episode of American Greed, it's a crime for our times.

0:13.0

It's largely a cautionary tale about the culture of Silicon Valley.

0:18.0

The rise and fall of Elizabeth Holmes and her billion-dollar blood testing start up, Theranos.

0:25.0

She was the next big thing.

0:27.0

What everyone had been waiting for.

0:29.0

The next few jobs or the next Bill Gates, but of health care.

0:33.0

I must say you are an extraordinary woman.

0:35.0

Is she a genius founder with a noble mission?

0:37.0

And my mind I've always thought the true legacy of Silicon Valley is to build great products

0:42.0

that can make a difference in the world.

0:44.0

Or abrasion fraud with a reckless disregard for human life.

0:48.0

I knew she was putting patients' lives in jeopardy.

0:51.0

And she was saying things like they could do you make it.

0:53.0

You do not do that with patients.

0:55.0

The jury has spoken.

0:57.0

Theranos founder Elizabeth Holmes has officially been found guilty of four charges in her criminal fraud trial.

1:03.0

Elizabeth Holmes had promised to change the world now.

1:06.0

She is almost certainly going to prison.

1:09.0

American Greed has the inside story of the tall kale spun for starry-eyed investors.

1:16.0

People are going to make a killing on Theranos.

1:18.0

The lies, the spies, the threat.

...

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