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This was published 4 years ago

The Bloody Lie

60 Minutes

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The promise was a medical revolution that would benefit the entire world, but in reality it was a great big bloody lie. When young entrepreneur Elizabeth Holmes claimed to have invented a machine that with a pinprick of blood could diagnose hundreds of diseases in patients, she instantly became the darling of Silicon Valley. Holmes and her business partner and ex-lover, Ramesh 'Sunny' Balwani, then set about duping investors to bankroll their company, Theranos. What the couple didn't count on though was the courage of two of their own employees who knew the blood machine didn't work, and knew they had to tell the world. Now Holmes and Balwani have been found guilty of fraud and are facing the prospect of decades in prison.

Reporter: Tara Brown

Producer: Naomi Shivaraman

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