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Bad Blood: The Final Chapter

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She was once the world's youngest self-made female billionaire. Now Elizabeth Holmes, founder of the blood-testing startup Theranos, stands accused of leading a massive fraud, and lying to investors, doctors, and patients about the capabilities of her technology. If convicted, she faces up to 20 years in prison. But Elizabeth may be able to sway a jury with her charisma, highly unusual defense strategy and the fact that key evidence has gone missing. John Carreyrou broke the Theranos scandal. Now he’ll take you into the courtroom as he examines Silicon Valley’s fake it-til-you-make it culture, and the case against Holmes.

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  • 16 episodes
  • Avg 35 min
  • English

Episodes 16

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  • Apr 22, 2025 · 4 min

    Beauty, Deception & a Trail of Bodies: Inside the Mysterious Life of Sandra Bridewell

    She had a million-dollar smile and a trail of dead men behind her— who was Sandra Bridewell? Host and investigative report Cooper Moll exposes the secrets of the 'black widow' on Fatal Beauty - the latest true crime series to drop on The Binge. Search for Fatal Beauty wherever you get your podcasts to start listening today. Subscribers to The Binge can listen to all episodes right now, completely ad-free. Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • S1 · E12
    Jan 6, 2022 · 56 min

    Episode 12: The Verdict

    Host John Carreyrou and reporter Emily Saul revisit the drama of Elizabeth Holmes’s guilty verdict, dissect its meaning, and discuss sentencing. And a surprise guest comes on the show. Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • S1 · E11
    Dec 2, 2021 · 51 min

    Episode 11: Investors

    With a conference call, a magazine interview and a doctored pharmaceutical report, Elizabeth Holmes convinced a small group of very wealthy investors to put hundreds of millions of dollars in her unproven blood-testing startup. Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • S1 · E10
    Nov 11, 2021 · 47 min

    Episode 10: Tyler and George

    One of the enduring mysteries of the Theranos scandal is how Elizabeth Holmes managed to turn former Secretary of State George Shultz against his own grandson. New information sheds light on how she did it. Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • S1 · E9
    Nov 4, 2021 · 44 min

    Episode 9: The Military

    Elizabeth Holmes wowed investors with claims that Theranos was working for the U.S. military. But the truth was that her repeated attempts to land contracts with the Department of Defense had gone nowhere. Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • S1 · E8
    Oct 28, 2021 · 40 min

    Episode 8: Fake Demos

    Elizabeth Holmes wowed investors, board members and journalists with live, in-person demonstrations that made it seem like her blood-testing machine worked. But most of these demos were faked. Behind the scenes, the blood samples were tested either manually or on third-party lab equipment. It's an astoundingly bold deception that was enabled by a software application Sunny Balwani wrote. Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • S1 · E7
    Oct 21, 2021 · 46 min

    Episode 7: The ADVIA Project

    In the summer of 2013, as a deadline to launch in Walgreens stores loomed and Theranos was running out of money, Elizabeth Holmes and Sunny Balwani put in motion a covert plan to hack third-party blood-testing machines to hide the limitations of Theranos' technology. Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • Oct 14, 2021 · 2 min

    We Return Next Week

    We'll be back with new full episodes on October 21st. Here's a little preview of what we've been working on. Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • S1 · E6
    Sep 30, 2021 · 14 min

    This Week in Court #4: PR Over Patient Care

    Host John Carreyrou and reporter Emily Saul discuss prosecutors' introduction of private texts between Elizabeth and Sunny, the testimony of retired general James Mattis, and the trial's most important witness so far: former lab director Adam Rosendorff, who said Theranos prioritized PR and fundraising over patient care. Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • S1 · E6
    Sep 23, 2021 · 46 min

    Episode 6: Holmes and the Media

    For two years, Elizabeth Holmes enjoyed the type of glowing media coverage most entrepreneurs can only dream of. But then she gave one interview too many—an interview with The New Yorker’s Ken Auletta that planted the seeds of her downfall. Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • S1 · E5
    Sep 16, 2021 · 38 min

    Episode 5: Fake it 'Till You Make It

    Elizabeth Holmes is the latest in a long line of Silicon Valley entrepreneurs who’ve hyped and overpromised — sometimes to the point of outright lying. It’s that culture, as much as Holmes herself, that's on trial. Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • S1 · E4
    Sep 9, 2021 · 39 min

    Episode 4: Guilty Conscience

    A note Elizabeth Holmes wrote to herself one night in late October 2014 suggests she knew she was committing fraud. Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • S1 · E3
    Sep 2, 2021 · 52 min

    Episode 3: Sunny and Elizabeth

    Elizabeth Holmes is likely to allege at trial that former Theranos President Sunny Balwani was an abusive boyfriend who held her in his thrall and deprived her of her free will. But text messages between the former lovers don’t back up that narrative. In this episode the actors Ali Farahnakian and Rachel Butera read the texts between Sunny and Elizabeth. Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • S1 · E2
    Aug 26, 2021 · 47 min

    Episode 2: Ebola

    If Theranos was still in business, would it have tried to exploit the Covid-19 pandemic? Based on how Elizabeth Holmes tried to use the 2014 Ebola epidemic to land a big investment, the answer is very likely yes. Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • S1 · E1
    Aug 26, 2021 · 40 min

    Episode 1: The Sympathy Play

    Elizabeth Holmes, founder of Theranos, is headed to trial for allegedly defrauding investors and patients by misrepresenting the capabilities and accuracy of her blood-testing technology. Winning the jury’s sympathy is her best option to get acquitted. There are several ways she can do that. Learn more about your ad choices. Visit podcastchoices.com/adchoices

  • Jul 8, 2021 · 2 min

    Introducing Bad Blood: The Final Chapter

    Bad Blood: The Final Chapter tells the story of the breathtaking rise and fall of the tech founder Elizabeth Holmes. Hosted by John Carreyrou, the investigative journalist who broke the scandal, the season will give listeners a front row seat at Holmes's criminal trial and dive into the evidence against her. The first two episodes arrive August 26. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Showing 1–16 of 16 episodes