The convicted Theranos founder faces difficult questions from filmmaker Nathan Fielder in a new documentary examining her claims of innocence, personal life and the events leading to her imprisonment.

October 16, 2026

Elizabeth Holmes, the disgraced founder of the failed blood-testing company Theranos, is once again attracting public attention after making a startling claim in a new documentary: She does not believe she has ever lied in her life.

The 42-year-old former Silicon Valley entrepreneur makes the surprising statement in You Can See Everything, a nearly three-hour documentary directed by Nathan Fielder and Lance Oppenheim, now playing in theaters.

The film offers an unusually intimate look at Holmes, her longtime partner Billy Evans, and their two young children during the final 34 days before she began serving her federal prison sentence in Texas in 2023.

Through a series of increasingly uncomfortable conversations, the filmmakers explore Holmes' version of events surrounding the collapse of Theranos and question whether she genuinely believes her own explanations.

Elizabeth Holmes Makes a Stunning Claim About Honesty

One of the documentary's most revealing moments occurs when Fielder directly challenges Holmes about her conduct while leading Theranos.

The filmmaker asks whether she ever knowingly misled investors into believing the company's revolutionary blood-testing technology worked as promised.

Holmes refuses to acknowledge that she deliberately deceived anyone.

When Fielder presses further, asking whether she has ever told a lie at any point in her life, Holmes responds, "I don't think so."

Her answer leaves the filmmaker visibly surprised.

Fielder then challenges the statement by asking whether she has ever told an innocent white lie, such as inventing an excuse to avoid attending a social gathering.

After further questioning, Holmes acknowledges that she probably has told minor lies.

The exchange becomes a defining moment in a documentary that repeatedly examines the complicated relationship between Holmes' public statements, personal beliefs and documented actions.

The Theranos Scandal That Shook Silicon Valley

Holmes became one of Silicon Valley's most recognizable entrepreneurs after founding Theranos, a medical technology startup that promised to transform healthcare through blood tests requiring only a small amount of blood.

The company's ambitious claims attracted prominent investors and helped establish Holmes as a celebrated figure in the technology industry.

However, the business eventually collapsed amid revelations that its testing technology could not reliably deliver many of the results it had promised.

In January 2022, a federal jury convicted Holmes of conspiracy to commit wire fraud against investors and three counts of wire fraud involving investments totaling more than $140 million.

She was acquitted of a separate conspiracy charge and three fraud charges involving patients, while jurors were unable to reach verdicts on three additional investor-related counts.

During the trial, patients testified about receiving inaccurate test results from Theranos, including a woman who said she had incorrectly been informed that she tested positive for HIV.

Holmes received a prison sentence of 135 months, equivalent to 11 years and three months.

She and former Theranos chief operating officer Sunny Balwani were also ordered to pay approximately $452 million in joint restitution.

Despite the conviction, Holmes has continued to maintain her innocence.

Nathan Fielder Questions Whether Holmes Is Misunderstood or Manipulative

Throughout You Can See Everything, Fielder attempts to understand the woman behind one of the technology industry's most notorious fraud cases.

Known for his unconventional television projects Nathan for You and The Rehearsal, Fielder brings his distinctive questioning style to conversations that become increasingly tense.

Rather than simply recounting the Theranos scandal, the documentary examines Holmes' behavior in private settings, her interactions with the filmmakers and the explanations she offers about her past.

A central question emerges: Is Holmes someone who struggles to communicate her intentions, or is she exceptionally skilled at influencing how others perceive her?

The documentary does not treat her insistence on honesty as proof of innocence. Instead, it places her statements alongside the legal findings and contradictions that have shaped public perceptions of her career.

Inside Elizabeth Holmes' Final Days Before Prison

The documentary's unusual access provides a personal perspective on the weeks leading up to Holmes' incarceration.

For 34 days, Fielder and Oppenheim filmed Holmes and Evans as they spent time with their young children and prepared for the approaching separation.

The footage captures a family facing a dramatic transition while Holmes continues to defend her reputation and dispute the conclusions reached by the criminal justice system.

Evans, who has been in a relationship with Holmes since 2017, appears throughout the documentary.

The film also explores the couple's relationship with the production team, which reportedly became strained during the filmmaking process.

According to previous comments from Fielder, communication between the filmmakers and the couple eventually deteriorated, and Holmes and Evans had not viewed the completed documentary at the time those remarks were made.

Holmes Could Move to a Halfway House in 2027

Holmes remains in federal custody following her conviction.

According to the reported timeline, she is scheduled to transfer to a halfway house near Austin, Texas, in August 2027.

Such facilities can provide a transitional environment for eligible individuals approaching the later stages of federal sentences, although placement and release arrangements remain subject to correctional authorities.

Holmes has continued publicly challenging her conviction, maintaining that she intends to prove her innocence.

Her statements in the documentary reinforce the position she has maintained since the Theranos scandal became a criminal case.

Billy Evans Pursues a New Blood-Testing Venture

While Holmes serves her sentence, Evans has reportedly continued pursuing opportunities in medical technology.

He is developing a blood-testing company called Haemanthus, which was incorporated in 2024.

The venture has attracted attention because of its connection to Holmes and the industry in which Theranos once promised to deliver a technological breakthrough.

The emergence of another blood-testing startup associated with Holmes' family adds an intriguing dimension to the documentary's examination of ambition, trust and the legacy of Theranos.

A Documentary That Reopens Questions About Truth and Accountability

You Can See Everything arrives more than four years after Holmes' conviction, at a time when the Theranos scandal remains a prominent example of the dangers of exaggerated promises in the technology and healthcare industries.

The documentary offers viewers an opportunity to observe Holmes outside the courtroom, but its most compelling moments come when her personal account conflicts with the conclusions of her criminal trial.

Her assertion that she has never lied raises difficult questions about self-perception, responsibility and the distinction between believing a claim and knowingly misleading others.

For Fielder, those questions become the driving force behind a film that examines not only what Holmes says, but how she responds when her explanations are challenged.

The Bottom Line

Elizabeth Holmes' declaration that she has never lied is among the most provocative moments in You Can See Everything.

Despite her conviction for defrauding Theranos investors, the former entrepreneur continues to reject the idea that she intentionally deceived others.

The new documentary places that claim under intense scrutiny, offering a revealing portrait of a controversial Silicon Valley figure whose understanding of the truth remains sharply at odds with the findings of a federal jury.

You Can See Everything is currently in theaters.