Liz Holmes wants you to forget about Elizabeth

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Liz Holmes wants you to forget about Elizabeth
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In case you’re wondering, Holmes speaks in a soft, slightly low, but totally unremarkable voice, no hint of the throaty contralto she used while running her blood-testing startup Theranos, now defunct.

and swathed in a Baby Yoda nursing blanket. We walk past a family of caged orangutans and talk about how Holmes is preparing to go to prison for one of the most notorious cases of corporate fraud in recent history.

Holmes has not spoken to the media since 2016, when her legal team advised she go quiet. As the adage goes, if you don’t feed the press, we feed on you. In Holmes, we found an all-you-can-eat buffet. It had everything: the black turtlenecks, the Kabuki red lipstick, the green juices, the dancing to Lil Wayne. Somewhere along the way, Holmes said that the person got lost. At one point, I tell her that I heard Jennifer Lawrence had pulled out of portraying her in a movie.

During the closely followed proceedings, a prosecutor, Robert Leach, said this was a case “about fraud, about lying and cheating,” alleging that Theranos raised hundreds of millions of dollars from investors by misleading them about its blood-testing technology’s capabilities.By the time I met Holmes and Evans, they were counting the days until April 27, when she had been required to report to Federal Prison Camp in Bryan, Texas, for 11.25 years.

This is when Evans puts on the deep voice. The guttural one that the world heard in Holmes’ TED Talk and CNBC appearances and in actress Amanda Seyfried’s Emmy-Award-winning turn as Holmes in Hulu’s “The Dropout.” I was admittedly swept up in Liz as an authentic and sympathetic person. She’s gentle and charismatic, in a quiet way. My editor laughed at me when I shared these impressions, telling me , “Amy Chozick, you got rolled!” I vigorously disagreed! You don’t know her like I do! But then, something strange happened. I worked my way through a list of Holmes’ friends, family and longtime supporters, whom she and Evans suggested I speak to.

When she alerted the court March 12, 2021, that she was pregnant with her first child, Leach, the prosecutor, called the news “frustrating.” The trial had already been delayed because of the pandemic, and was pushed back a few more weeks, until after she gave birth that July. “If we let how other people might view that, or what impression someone might make of it dictate how we live our lives, then we’ve lost,” Holmes said. “Finding your person in the middle of all of this and experiencing that love when you’re going through hell is the most beautiful thing I’ve ever experienced.”I’d hardly sat down in Holmes’ and Evans’ home the first time we met in person, when Holmes told me about her work at the rape-crisis hotline.

In March 2004, her sophomore year, Holmes left Stanford and moved in with Balwani to get Theranos off the ground. “I really thought I’d be safe,” Holmes said. “My friends at school and that whole universe, it didn’t exist anymore when I was with him. It was all gone.” One of the last times we spoke, I asked Holmes to clarify what she meant. As CEO, wasn’t she in charge? She said Balwani did not control her every interaction or statement at Theranos, but she “deferred to him in the areas he oversaw because I believed he knew better than I did,” and those areas included the problematic clinical lab.

Study: EVs do help air pollution, but really only benefit the wealthy Researchers have found that disproportionately electric vehicle rebates in California go to people living in affluent communities In 2016, as regulators scrutinized Theranos, Balwani resigned. Theranos shut down its clinical laboratory and laid off roughly 40% of its estimated 790 employees. Holmes’ brother , Christian Holmes V, helped her pack up and move out of the mansion she’d shared with Balwani. Holmes, barred from working in a medical laboratory for two years, checked into a hotel and then rented a two-bedroom home in Los Altos.

Holmes and Evans quickly became more than friends and moved in together. “It had been two years of all this stuff written about me, and I think you get to know someone in a totally different way when you walk in with that skepticism versus if you meet when everything is sunshine and roses,” Holmes said. “That allowed us to get to know each other in a really deep way.”

The next year, in 2019, after U.S. District Judge Edward J. Davila set a date for Holmes’ criminal trial, she and Evans hit the road. As prosecutors assembled their case, Holmes and Evans spent six months traveling the country in an recreational vehicle, sleeping in campgrounds and Walmart parking lots. Holmes balanced outdoor yoga and long hikes in national parks with working on her legal defense.

An earlier legal team quit after Holmes could not pay them. One pre-sentencing report by the government put her legal fees at more than $30 million. Holmes did not detail how those fees would be paid, and her current representatives at Williams & Connolly did not respond to emails asking about her financial arrangement.

Holmes’ defenders, stretching back to childhood, said in letters to the court, and in conversations with me, that the feverish coverage of Holmes’ downfall felt like a witch trial, less rooted in what actually happened at Theranos, and more of a message to ambitious women everywhere. Don’t girl boss too close to the sun, or this could happen to you.

“I’m still thinking about the journalists being intimidated,” Holmes said after we’d moved on to several other topics. “As I said at trial, I completely wish we’d handled that situation differently.” She tears up. “I take responsibility for it because I was CEO of the company and at the end of the day, that’s that, but I don’t believe in people being treated that way, period.”

I can’t shake an earlier story that Evans relayed. In the waning days of Theranos, Holmes got a dog, a Siberian husky named Balto. Last year, when a mountain lion carried Balto away from the front porch, Holmes spent 16 hours searching in the woods, digging through brambles and poison oak, hoping to find him alive. Everyone knew Balto was dead, but Holmes kept searching. The relentlessness. The certainty. The fanaticism. It’s the same way Holmes kept hanging on at Theranos.

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