Part 6/8:
The turning point came when investigative pieces began to surface, largely driven by the efforts of key individuals like Richard, a family friend, who started gathering evidence against Theranos. The landmark exposé by The Wall Street Journal in October 2015 uncovered the intricate web of lies at Theranos, revealing dangerously inaccurate blood tests and deceptive practices that misled patients and physicians alike.
In response to the exposé, regulatory bodies including the FDA began investigations. As the truth unveiled, Holmes’s previously unassailable confidence crumbled under the scrutiny of investors who began to file lawsuits for fraud, ultimately leading to Theranos’s dissolution in September 2018.