Where Is Former Theranos Employee Erika Cheung Now? The Dropout airs on Thursdays on Hulu and Disney+. And staying quiet has been a challenge, faced as they were with so much media coverage media coverage that often got things wrong. In 2016, Boies joined the Theranos board and he served as the company's attorney during its most difficult time. Over eight episodes, the Hulu series tells the jaw-dropping true story of Holmes and her tech company Theranos, which claimed to have developed a revolutionary way of testing blood. Under oath, Gibbons could not lie about the company's failures but, if he told the truth, he risked losing his job. He quit because of many things, he said. Here's a closer look at what we do know about Balwani's often-mysterious life and career: To this day, it's unclear why his nickname is Sunny. The journalist John Carreyrou wrote stories exposing fraudulent practices at Theranos. Elizabeth Holmes heads to court today to face multiple criminal fraud charges that could land the Theranos founder and CEO in prison for more than a decade. Theranos mission is to make He emailed Balwani about the failure rates, who wrote back, Adam. To give you the best possible experience, this site uses cookies. Start-up investors have often suspended skepticism while chasing a hot deal. "He said that the government made things sound worse than they were when he was up on the stand during his testimony. Share on Twitter Share on LinkedIn Share via email. In January 2022, following a nearly four-month trial, Holmes was convicted on four counts of fraud and conspiracy related to Theranos, her failed blood-testing startup. The investors have pushed back, explaining that they were acting on false information supplied by Ms. Holmes. Despite the fact that things at Theranos felt chaotic and were Mannino is a former Goldman Sachs and Accenture exec. And so she milked it. Why do you think it was able to go unchecked for so long? The Dropout tracks the rise and fall of Holmes and the collateral damage done to those who worked with heras well as those who worked to put an end to her company. Sign up here to get Source Code every day.). In February of 2014, Rosendorff also tried to convince the company to stop running its HDL (good) cholesterol test on Theranos devices. The start-up also faked demos of its blood-testing machines to investors, witnesses have testified. Beth Dubber/Hulu; Steve Jennings/Getty Images for TechCrunch, Beth Dubber/Hulu; Michael Short/Bloomberg via Getty Images, Dai Sugano/MediaNews Group/The Mercury News via Getty Images, Bad Blood: Secrets and Lies in a Silicon Valley Startup. A Stanford University drop-out, she had founded a company valued at $9bn (6.5bn) for George Shultz is played in The Dropout by Grace and Frankie's Sam Waterston. She was in full control. Another who'd worked at Theranos for five years said she was applying to jobs for five months, before finally taking a lower level position in an unrelated field in tech. What do readers need to know about the particular moment in Silicon Valley culture when Theranos rose to prominence? Gibbons, a British biochemist, became chief scientist of Theranos in 2005. Now in its ninth week, Ms. Holmess trial has offered an especially clear picture of the many ways sophisticated investors can be swept up in the hype of a hot start-up, ignoring red flags that look obvious in hindsight.