In this episode, Teddy and Sloane trace the precise moment a nine-billion-dollar empire began to crack — and examine what it took to bring it down. The story of Theranos is not simply one of fraud; it is a case study in how power, prestige, and legal force were used as instruments of delay while real patients received real results from machines that did not work. At the center of it all stands Elizabeth Holmes, a figure who understood that confidence, deployed correctly, could outlast the truth — at least for a while.