Elizabeth Holmes Appears 'Almost Unrecognizable' in New Documentary, Whistleblower Claims
Tyler Shultz, a key Theranos whistleblower, stated he believes Elizabeth Holmes misled filmmakers in a new documentary about her final days before prison.
A former Theranos employee and whistleblower claims that Elizabeth Holmes, the disgraced founder of the biotech company, appears "almost unrecognizable" in the new documentary "You Can See Everything." The film offers an intimate look at Holmes's life in the days leading up to her surrender to serve an 11-year sentence for fraud.
Tyler Shultz, who worked as an intern at Theranos in 2013 and later contributed to the Wall Street Journal investigation that exposed the company's fraudulent practices, expressed his surprise at Holmes's portrayal on screen. "The Elizabeth that I knew completely commanded a room," Shultz told CBS News. "She had so much confidence, and the woman that I saw onscreen looked, frankly, like a, a broken woman. It was almost unrecognizable."
Shultz, whose grandfather, former U.S. Secretary of State George Shultz, was a member of Theranos's board, also suggested that Holmes may have misled the documentary's filmmakers. He stated that the blood-testing device shown in the film was not the one he worked with daily, nor the one that failed quality controls or knowingly provided incorrect medical information to patients. "She completely misled [Fielder] down this completely different rabbit hole," Shultz said, referring to director Nathan Fielder.
Nathan Fielder reportedly moved in with Holmes and filmed with her for 34 days as she prepared for her prison sentence. Holmes was convicted in 2022 on four counts of fraud and conspiracy related to defrauding investors in Theranos, a company valued at $9 billion at its peak. She was also ordered to pay restitution to victims.
Her sentence has seen some reductions. In March, a federal judge reduced her sentence by 12 months following changes to federal sentencing guidelines for certain first-time, non-violent offenders. Holmes had also sought clemency from President Donald Trump.
The documentary has brought Holmes back into the public eye, becoming the second-highest-grossing documentary in its opening weekend. Holmes is scheduled to transfer to a halfway house in Texas next August. She has reportedly been approved for a transfer from the minimum-security federal prison where she has been incarcerated since May 2023 to a community corrections center near Austin.