The show chronicles Holmes' childhood in Texas, her early days as a Stanford student, how she founded a tech company at 19 years old which came to be known as Theranos and, crucially, how she came to be convicted of fraud – read about the bizarre true story behind The Dropout here.
The Dropout - Amanda Seyfried Disney
It’s not the first time that the collapse of Theranos has been chronicled. It was actually a book that first revealed the scale of the scam titled John Carreyrou’s Bad Blood: Secrets and Lies of a Silicon Valley Startup.
Carreyrou’s book was followed by a podcast of the same name. Since then, there’s been ABC’s podcast The Dropout, an HBO series called The Inventor and there's even a movie called Bad Blood on the horizon starring Jennifer Lawrence in the lead role.
But what happened after Theranos folded, and is Holmes in prison now?
Read on to find out about the disgraced entrepreneur’s fate as well as Sunny Balwani’s, Holmes' former boyfriend and business partner who is played by Naveen Andrews in The Dropout.Where is Elizabeth Holmes now?
Elizabeth Holmes in 2014 Karl Mondon/MediaNews Group/Bay Area News via Getty Images
Elizabeth Holmes is currently awaiting sentencing after being found guilty of defrauding Theranos investors in January 2022.
A California jury found Holmes guilty on four out of seven counts of criminal fraud against investors, with the jury unable to reach an unanimous verdict on the other three charges. Holmes was acquitted on four additional charges related to patient fraud.
Holmes now faces up to two decades in prison, as well as restitution costs for her crimes, but her sentencing won’t be determined until 26th September 2022, according to The Wall Street Journal.
The disgraced entrepreneur denied all charges and is currently out on a $500,000 bail while she awaits sentencing.
Legal experts have said Holmes is unlikely to receive a maximum sentence but that, given the scale of the fraud, it'd be surprising if she manages to avoid a lengthy sentence.
"I would be utterly shocked if she wasn't sentenced to some term of imprisonment," Amanda Kramer, a white-collar defense lawyer, told NPR. “What is the sentence that will deter others who have a failing business from making the choice to commit fraud, rather than owning up to the failings and losing their dream?"
Talking about the delay in Holmes' sentencing, Kramer added: "It's not typical for a case to be sentenced eight months out, but this is not a typical case in many senses. And some facts established in Balwani's trial might prove to be relevant in Holmes' sentencing."
Holmes got engaged to hotel heir William Evans in 2019, and in August 2021, she reportedly gave birth to their son while awaiting trial.Where is Sunny Balwani now?
Naveen Andrews and Amanda Seyfried in The Dropout Disney Plus
Holmes' former boyfriend and business partner and Sunny Balwani – who is played by Naveen Andrews in the Dropout – is also set to face criminal charges relating to his involvement in the company.
Balwani is being tried separately from Elizabeth, with his court case intended to get underway in March 2022. He has pleaded not guilty.
Balwani's current whereabouts have not been reported.
The Dropout aired the first three episodes on Disney Plus on Thursday 3rd March 2022, with new episodes airing weekly. Check out more of our Drama coverage or visit our TV Guide to see what's on tonight.
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