Sat. Jan 22nd, 2022


Elizabeth Holmes’ trial is finally over, but that doesn’t mean her time in the spotlight is over. After months of argument and seven days of deliberation, the judge Convicted The former chief executive of Theranos has been charged with four of the 11 counts of conspiracy and fraud. Now, as Holmes waits for his final punishment, Hollywood is creating its own version of the former CEO’s story.

Some say the Holmes trial represents a Silicon Valley complaint of “it’s fake until you do.” Approach, And indeed, criminal cases – let alone convictions – are a rare occurrence against technology leaders. Upcoming productions from Hulu and Apple, however, may soon give an actual account. These are dramatic retellings Theranos Saga can define how the world understands the Holmes and Silicon Valley culture that gave birth to him.

On the legal front, Holmes’ fate is not over. The jury found the 37-year-old former CEO guilty of one count of investing fraud and three counts of wire fraud. But while the judges did not find Holmes guilty of one count of conspiracy to defraud patients and three counts of wire fraud involving patients, they remained adamant about three other frauds involving misleading investors. Presiding Judge Edward DeVilla Is planning to announce A wrong judgment for those unresolved allegations.

Federal prosecutors will also have to decide Whether to follow A new trial for these three unresolved charges, and the defense will probably appeal against the guilty verdict. Holmes faces up to 250,000 in fines (including recovery) and up to 20 years in prison for each count. It will probably take Months For the judge to decide on the punishment of Holmes, and there is There is no mandatory minimum sentence. So it is possible that Holmes will not go to jail at all.

Inevitably, however, Holmes will face a court of public opinion.

The technology industry continues its year-round efforts for treatment Holmes as a distortionEntertainment business is just starting out. Hulu and Apple projects – Amanda Seyfried and Jennifer Lawrence will play Holmes, respectively – Plan a referendum on what went wrong with Theranos, and stand up for how people remember Holmes and his company in a way that his camera-free trial never did.

The story of Elizabeth Holmes goes to Hollywood

Shortly after word spread that Theranos technology was not working, Silicon Valley dropped Elizabeth Holmes. Then the leaders of the technology industry Argued Over the years that blood-testing startup has not followed their method. They noted that Theranos was primarily funded by private investors, not large venture capital firms, and that the company did not include prominent biotech experts on its board.

This argument is not kept completely. Holmes had the support of some prominent technical investors, among others Venture capitalist Don Lucas and Oracle co-founder Larry Ellison. Wearing uniform black turtlenecks and embracing his status as a college dropout-founder, Holmes also welcomed comparisons with Silicon Valley royalty, such as Steve Jobs and Mark Zuckerberg. Throughout the trial, Holmes ‘lawyers tried to defend Theranos’ misleading claims about blood-testing technology. Equivalence for the course In the startup world.

Lane Sherman, a Colombian business professor and former senior partner at Accenture, told Recode, “Holmes’s alleged fraud is really a symptom of a much larger root cause that promoted his activities and he is not alone.” “It only happens in extreme cases that have faced trial and are gaining – hopefully – a lot of attention.”

Silicon Valley may try to draw attention to the story of Theranos, but Hollywood is putting a spotlight on it. Since the Wall Street Journal At first the alarm sounded On the accuracy of the company’s blood tests in 2015, several documentaries have investigated what went wrong with Theranos. This includes the HBO documentary directed by Alex Gibbon Inventor And ABC’s investigative podcast Dropout.

It is followed by big-budget streaming series and feature films Hulu is releasing a new miniseries Based on the ABC podcast In March – also called Dropout – and has already been released Seyfried’s picture As Holmes. And although it has not announced a release date, Apple Recently confirmed It will support and distribute a Theranos film directed by Adam Mack and starring Jennifer Lawrence. It’s called Bad blood, And an investigative reporter for the Wall Street Journal, who first reported on Theranos’ faulty technology, based on a book by John Carrero.

The camera Not allowed In the courtroom at the trial of Elizabeth Holmes, which means This documentary, TV series, and movies will continue to be the primary means of watching Theranos (instead of reading). But the treatments will also be an opportunity for the public to decide what they think of Holmes and his organization, according to Dan Berman, a documentary director and professor at the University of Southern California.

“When we get into a major story like this, it’s a constant selection process that happens over time,” Birman said. “History does.”

Theranos is not the only reputable technology company receiving streaming treatment. Next month, a series called Showtime will be released Super Pumped: Fight for Uber, Starring Joseph Gordon-Levitt Travis Kalanick, co-founder and former CEO of Uber. Apple is doing the same thing called a limited series We crashed About the rise and fall of WeWork, Where Jared Leto will play Adam Newman, the former CEO of the company, and Anne Hathaway will play his wife, Rebecca Newman.

You could even say that taking shots of Silicon Valley founders is becoming a Hollywood tradition. These projects follow in the footsteps of the 2010 blockbuster on Facebook, Social media, In the role of an evil Mark Zuckerberg with Jesse Eisenberg. There were also two films starring Steve Jobs: the 2015 play Sorkin, starring Michael Fassbender as Apple founder, and the 2013 biopic starring Ashton Kutcher. None of these movies depict the flattery of the Tech Titans.

Meanwhile, there are more Theranos courtroom scenes that have not yet been written. A separate trial is set to take place between Theranos ‘former chief technology officer and Holmes’ ex-boyfriend Ramesh “Sunny” Balwani. Starting from 15th February. Balwani has also been accused of cheating patients and investors, but his case was set aside by Holmes because of his lawyers. He is expected to be charged Abuse as part of his defense. His upcoming lawsuit is a reminder that Theranos’ story never seems to end.



Source link

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *