A documentary filmed in secret, titled “You Can See Everything,” premiered Sunday at the Telluride Film Festival, featuring convicted Theranos fraudster Elizabeth Holmes. The film chronicles the Silicon Valley scammer's life in the 34 days before she began her federal prison sentence in May 2023.
The screening at the Werner Herzog Theater was kept under wraps, with attendees required to surrender their cell phones before it began. The documentary's synopsis describes it as an "intimate portrait of an enigmatic felon" that evolves into a "mind-bending three-year journey into the abyss."
A trailer released alongside the premiere shows Holmes interacting with co-director Nathan Fielder. In the clip, Holmes, rocking her baby with her foot, insists she is not deceiving Fielder. "I can promise you that. I don’t have anything to deceive you on," she states. When Fielder asks if she is being real, Holmes responds, "I’m always being real."
The film is co-directed by Nathan Fielder and Lance Oppenheim, known for documentaries such as “Some Kind of Heaven” and “Spermworld.”
Viewers of the trailer noted Holmes's consistent eye contact and lack of blinking during the exchange, drawing comparisons to robotic behavior and horror film elements. Some online commentators likened her to Pennywise, the clown from Stephen King's "It."
Holmes, the founder of the now-defunct blood-testing startup Theranos, was convicted in 2022 on four counts of wire fraud and conspiracy for defrauding investors. Prosecutors alleged that Holmes misled investors from 2010 to 2015 by claiming Theranos's technology could perform numerous medical tests using a single drop of blood.
In November 2022, she was sentenced to 11 years and three months in prison and is currently housed at the Federal Prison Camp in Bryan, Texas. She is eligible for release on December 30, 2031, after a year was reduced from her sentence due to good behavior and participation in prison programs. Holmes has maintained her innocence, telling People in February 2025 that she refused to plead guilty to crimes she did not commit. She also reportedly lobbied President Trump to commute her sentence, a request that was pending.
While incarcerated, Holmes has been teaching inmates job application skills and French, and assisting with government support applications, earning 31 cents an hour. Elizabeth Holmes walks into federal court holding hands with her mother and partner.