In this episode of the series, hosts Teddy and Sloane pull back the curtain on one of the most audacious frauds in Silicon Valley history, tracing how Elizabeth Holmes constructed a decade-long deception not just with charisma and carefully chosen board members, but with documents she had no right to create. The episode examines how Holmes built a company on a scientific premise that experts had already told her was impossible, and how she found ways to make investors believe otherwise. What emerges is a portrait of a fraud that succeeded, for as long as it did, because every layer of accountability was either bypassed, bought off, or forged.