How Elizabeth Holmes Tricked WIRED--and Everyone Else

WIRED was the first magazine to cover Theranos and its enticing billionaire founder. There were warning signs even then. Elizabeth Holmes, the disgraced founder of the fraud-ridden blood-test company Theranos, made her national press debut in The Wall Street Journal in 2013. It ran in the Opinion section, by a writer on the Journal's editorial board named Joseph Rago, winner of a Pulitzer Prize for critiques of the Affordable Care Act. He wrote that he was impressed by the prospect of individuals having more direct control of their health care; no less an eminence than former secretary of state George Shultz, a Theranos board member, had told Rago that Holmes was the next Steve Jobs or Bill Gates. By 2014, Holmes was the youngest woman billionaire ever, and the mid-2010s were electric with tech-industry success stories--the iPhone, Tesla, Airbnb, Twitter.