o'donnell: the securities and exchange commission called it "massive fraud" when they charged elizabeth holmesnd sunny balwani in march. holmes settled the s.e.c. case without admitting guilt and paid a half a million dollar fine. balwani, who left theranos two years ago, calls the s.e.c. charges "unwarranted" and is fighting them. at its height, how much was theranos worth? >> carreyrou: $10 billion. there was a period of several months where it was more valuable than uber, more valuable than airbnb, more valuable than spotify. >> o'donnell: and how much is it worth now? >> carreyrou: zero. >> o'donnell: elizabeth holmes remains c.e.o. of theranos. she would not comment for our story, but last month she wrote to investors, asking them to put in even more-- or the company would soon run out of cash. a federal criminal investigation is ongoing. ( ticking ) >> why the elizabeth holmes story proved irresistible to so many reporters. go to www.60minutesovertime.com. you can't always predict them, but you can game plan for them. for 150 years, generations of families have chosen pacific life for re

elizabeth holmes played defense in a television blitz. >> for the first time elizabeth holmes is openingp the secret labs of theranos. >> at the highest level we didn't have the right leadership in the laboratory. >> you are fighting for the life of your company. what have the last six months been like for you. >> i am a better leader for it. i feel devastated that we did not catch and fix these issues faster. howie: the sec charged her with massive fraud and she agreed to not be an officer of any company for 10 years. joining us is john carreyrou. author of "bad blood, secrets and lies." how does the media give such rocket fuel to a young woman and her company that turned out to be a fraud. >> theranos was founded in 2003 when she dropped out of stanford. it operated under the ray dafort media for four years. she had been around for a longer period of time than many silicon valley startups. you would expect to have achieved something during that period of time. the company claimed to have pioneered groundbreaking new science where the company had a device that could run the full range o

. >> elizabeth holmes is part of the new "time" 100 list just out. howie: it all came crashing down on charges of fraud. i'm howard kurtz and this is "mediabuzz." white house correspondents were preparing for a june 12 visit to singapore when the president scrapped the sit-down with north korea's dictator. president trump: i believe this is a tremendous setback for north korea and a setback for the world. if and when kim jong-un chooses to engage in constructive dialogue and actions, i am waiting. howie: now the president says the meeting may be back on. joining me, mollie hemingway, sara fischer and adrienne elrod. north korea had been using such harsh rhetoric, the president may have had no choice you to cancel this. mollie: "the washington post" repeated multiple times that there was no way donald trump would walk away from the summit because he needed it so bad. if he does walk away, they say he's a bad negotiator. a little less trump focus might be helpful. howie: media skeptics like to say this is an example of trump's foreign policy being erra

but he did have a powerful connection to elizabeth holmes. balwani was her secret boyfriend. >> some people are here because of the mission, because some people are here for the science. >> balwani was holmes enforcer. firing employees on the spot and berating scientists for failed test. after a year and a half, machie quit. >> i saw there was, you know, potentially fraud taking place. there was, far too much illegitimate things going on. i talked to sunny. decided didn't want to be there anymore. we left. >> tyler schultz was also becoming disillusioned. >> i had a personal relationship with liz beth. she was close to my family. i felt like she was deceiving my family. and the public. >> to watch norah's full report go to our website. cbsnews.com and click on 60 minutes we'll be right back. when you humble yourself under the mighty hand of god, in due time he will exalt you. hi, i'm joel osteen. i'm excited about being with you every week. i hope you'll tune in. you'll be inspired, you'll be encouraged. i'm looking forward to seeing you right

draper defending theranos founder and developer elizabeth holmes listen to what he said >> i feel thathave taken down another great icon. this woman was -- came to me when she was 19 years old, and she said i'm going to transform health care as we know it. and she got bullied into submission this was a start-up, and it was a great vision, and it was a great technology she's going up against some very powerful people in the drug companies, the ama, the fda. all these people, she's transforming health care somebody goes in and tries to transform health care, they're going to get attacked in a lot of different directions, and she was. and this is one of the cases where the entrepreneur was defeated >> draper was an early investor in theranos. he said the company could have been a big winner and still feels great about backing holmes i'm sure the "wall street journal" and john kerry, who helped uncover some of their behavior would agree >> this is jaw-dropping. i was watching "closing bell," as i always o, and the idea he would defend this. she didn't have this, she didn't have the technol

. >> a couple weeks ago, an early investor tim draper defended the ceo, elizabeth holmes. >> i feel thatown another great icon. >> 900 million dollars went into theranos >> it was an opportunity >> it's worthless. amazing it wasn't to a technology that claimed to have invested - >> it's worthless because this ri writer was a badger going after her, like a hyena going after her and it became a bigger and bigger thing >> it's a big thing, and joining us is the hyena following the story since you broke it, author of "bad blood," welcome to you >> thank you for having me >> first of all, how does she have people like tim draper so -- what is the word -- entranced by what's going on the whole board and everybody for years this has been going on >> yeah, one thing to remember about tim, he was the first two cut her a check when she dropped out of stanford and the reason he did is there was actually a relationship between the families, elizabeth and her family lived increase door to the drapers in woodside, california >> i can almost forgive him because of that. but what about everybody else? a

tim draper gave elizabeth holmes her first million dollars. they believe the company was brought down by the media and not their own fraud. >> tim, you are so passionate about defending elizabeth and her company. father to father. >> mm-hm. >> is that because you are a skill asked venture capitalist, which you are, or is that because she was a friend of your daughter, you met her when she was 19, you have been paternalistic toward her this whole time. how much of that is because she's a talented woman or how much is it based on spreadsheets and business? >> i would defend the entrepreneur absolutely in this kind of a case, no matter who that entrepreneur was. >> and to watch that full interview with tim draper, go to press here tv.com. >>> lights, camera and the obamas. the former president and first lady signing a deal with netflix. they say they believe in the power of storytelling and netflix is a natural fit for the stories they want to premiere. they expect to debut next year. >>> a practice day for the warriors after last night's blowout

. >> elizabeth holmes told walgreens it developed this test that could run a blood test from realtimel labs. was that true? >> no. certainly not. >> do you think she was lying to walgreens? >> i do, yeah. >> "wall street journal" reporter john carreyrou broke the story of the theranos deseptsion and chronicles the company's unraveling in his new book "bad blood." cbs reached out to theranos and holmes about the book and have not heard back. john, good morning. many people watched the piece last night on "60 minutes" remarked about her voice. her deep, baritone voice. was that take, too? >> according to my sources, it was. an employee who joined the company in 2011 had a meet with her shortly after he joined and it was late in the day and they were finishing up the meeting and she sort of expressed her excitement that he had recently joined. as she got up she slipped back into a more natural sounding women's voice. >> was everything about elizabeth holmes a fraud? >> a lot of it was a lie. >> how was she able to dupe so many powerful, intelligent people, most of them, as you point out,

. >> all right tim, the last time we spoke with you a couple years ago, you roundly defended elizabeth holmes of theranos, accused of massive fraud now you said people went after her because he was a woman, a witch hunt, and the guy who uncovered this, you said was incompetent are you willing to admit you were wrong about this one? >> absolutely not. i feel that we have taken down another great icon this woman was - >> icon of what? >> she came to fame at 19 years old, and she said, i'm going to transform health care as we know it, and she got bullied into submission i think this has been a real -- this is what - >> tim, investors have lost $900 million -- >> people who do extraordinary things -- are you talking at the same time i'm talking. >> $900 million went into theranos on investors like you -- >> and created an amazing opportunity. >> it's worthless. amazing opportunity -- >> well, it is now -- wait, why is it worthless? because this writer was a badger going after her, like going after her, and it became a bigger and bigger thing. i mean, this was - >> right >> this was a startup, a g

. >> elizabeth holmes was a charismatic stanford dropout,

elizabeth holmes seen with joe biden promised to diagnose several medical conditions with a drop of blood. that promise was false. it has a working title of bad blood based on award-winning book. vanessa of the shape of battery has signed on to write it. >> michael finney answering questions sent in. first question comcast from kathryn via email asking i'm wondering with the mobile health screenings that go around town are legit. >> that's a great question. look some of them are some aren't. first they need to be licensed or registered with the california department of public health and on top of that they need to have the proper paperwork filed. before going in ask who sponsors the screening and why. also in these days of identity theft know how the results will be used. think twice before giving out any personal information like the social security number. now, these things can be life savers honestly i have done reports on that. but you can make an appointment with your family physician and that's a life saving move too. >> well kristine asks i recently heard about annuities on the rad

tim draper offering a staunch defense of theranos founder elizabeth holmes >> i feel that we have taken down another great icon. this woman came to me when she was 19 years old, she said i'm going to transform healthcare as we know it she got bullied into submission. this was a startup it was a great vision. it was a great technology. she's going up against some very powerful people in the drug companies, the ama, the fda, she's transforming healthcare. somebody goes in and tries to transform healthcare, they'll get attacked in a lot of different directions and she was. this is one of the cases where the entrepreneur was defeated. >> draper was an early investor in theranos. he said the company could have been a big winner and he still feels great about backing holmes i'm surprised, despite all the evidence out there, he sticks by this company he won't admit to wrongdoing at this point >> i'm not sure how much more of that kind of a comment he can make it gets headlines, but whether this company does anything else besides what's been talked about already or what's been kind of at least

tim draper gave elizabeth holmes a million dollars and says to this day she was right, everyone else was wrong. he insists those blood machines work. >> i still feel fantastic about having made it. i feel like she did everything she possibly could have to make that company -- >> the machines exist. >> absolutely. >> and someone can take one and put it on the test and test it it would work. >> yes. >> there's your challenge, bring it to my desk and put the machine on my desk and we'll see if it works. everyone says it doesn't, including the fcc and the book comes out monday in which he documents, tim says that he slaughtered and destroyed theranos and it's his fault and book's fault. he hasn't read it. i gave it to him, this is my copy -- he didn't want to read it. >> wasn't interested. >> all of this is on "press here." tim is doubling down, it works, he says. >> he believes it. >> put a million dollars into it. >> press here sunday morning at 9:00 after "meet the press." >> thank you, we'll look forward to sunday and reading that book. sometimes the only thing holding someone back i

movie will be directed by the big short writer adam mckay and will star jennifer lawrence as elizabeth holmes. theranos was a medical testing startup in palo alto that got billions in support from investors about five years ago. in 2015 it fell over claims of inaccurate testing and fraud. >>> happening today, the amgen tour is coming to the south bay. here is a look at the route the cyclists will take. starting at dunne avenue and east fifth street al toll 45. the week-long race takes cyclists through 645 miles in california. >>> i want to head back to our major problem this morning in fremont. it started at 9:30 last night. this was a crash involving five vehicles and three people are dead as a result of this crash. we still have all lanes of northbound 880 closed. matt keller is on the scene this morning. he's saying they're getting pretty close to opening up the roadway. chp was hoping by 5:30 this morning. if you look in front of these flashing lights, there's still quite a bit of debris. all five of the vehicles involved in this crash have been cleared from the scene. they're waiting for

from the financial times and fortune magazine and he's passionate, absolutely passionate that elizabeth holmesght and everyone else, customers, former employees and the s.e.c. is wrong. asked if maybe he's letting loyalty and a sense of family overshadow his business sense. >> tim, you are so passionate about defending elizabeth and her company, father to father -- is that because you are a skilled venture capitalist, because you are and -- she was a friend of your daughter and met her when she was 19. you had been paternalistic toward her this whole time. how much of this passion is because you think she's a kind, decent skilled talented woman, and how much is passion is based on spreadsheet and business. >> i would defend thee entrepreneur in this case. no matter who the entrepreneur was. >> tim draper my guest on sunday morning on "press:here" right africa "meet the press." >>> and we've seen the marine layer. >> holding on strong. >> no kidding. >> we're still seeing the cloud cover. it is lingering since we woke up. and even before the sun came up, we had cloudy conditions. but we woke up

nobody says that anymore except there is one investor who gave elizabeth holmes or first million dollars and still believes in her. drape erin sifts the company was brought down by the media, not its own fraud. it's hard to believe that he believes that. >> you are so passionate about defending elizabeth and her company. father to father, is that because you are a skilled venture capitalist, which you are, or is that because you -- i mean she was a friend of your daughter, met her when she was 19, you have been paternalistic towards her this whole time. how much of this passion is because you think she's a kind, decent skilled talented woman and how much is passion is based on spreadsheets and business? >> i would defend the entrepreneur absolutely in this kind of a case. no matter who that entrepreneur was. >> that was from sunday morning. our viewers wrote demanded management never all allowed me to put him on television again and another said he lost his mental faculties and other said we should have challenged him more. i do believe we say are you crazy in that one? it's full of chal

. >> blaine: the-- nobody says th any more except there is one investor tim draper who gave elizabeth holmeser first million dollars and says he still believes in her. drape erin sifts the company was brought down by the media, not by its own fraud. it's hard to believe he believes that. >> tim, you are so passionate about defending elizabeth and her company. father to father, is that because you are a skill the venture capitalist, which you are, or is that because you -- i meand of your daughter and met her when she was 19. you had been paternalistic towards her this whole time. how much of this passion is because you think she's a kind, decent skilled talented woman and how much is passion is based on spreadsheets and business. >> i would defend the entrepreneur absolutely in this kind of a case. no matter who that entremendous prenewer was. >> our viewers couldn't make sebs sense it of. completely shocked said one. you should stop letting these people spout nonsense without challenge, although i do feel i did. i suggest your show perform better vetting of the guests before giving them air

and then jack at twitter does -- >> and elizabeth holmes. >> but it made her get to work quicker so weill go to questions in a little bit. the microphone they are back there so when we talk but start thinking about things you might want to ask. those were the five individual characteristics and i will just do it again but a sense of separateness, extreme confidence,. [inaudible conversations] >> then they might not buy the book. >> higher purpose and different work. the other two chapters about these people were the external factors, timing and resources basically. one of the things it's a bunch of white guys except for recovery and the fact that she was able to do this interesting set -- she is from poland. >> yes, she grew up in the area that was occupied by russia and at a time when the russians start was trying to eliminate the polish heritage and you couldn't learn polish literature or use the polish language in school they were trying to rush a fight that entire area and she came from a family of intellectuals. both her father and her mother were teachers and they believed firmly

tim draper is offering a staunch defense of theranos founder and ceo elizabeth holmes here's part ofhat he said on "closing bell. >> i feel we have taken down another great icon this woman came to me when she was 19 years old, she said i'm going to transform healthcare as we know it she got bullied into submission. this was a startup it was a great vision. it was a great technology. she's going up against some very powerful people in the drug companies, the ama, the fda, she's transforming healthcare. somebody goes in and tries to transform healthcare, they'll get attacked in a lot of different directions and she was. this is one of the cases where the entrepreneur was defeated. >> draper was an early investor in theranos. he said the company could have been a big winner and he still feels great about backing holmes, though any of the reporting done on this primarily by the "wall street journal" shows a very different picture basically set up as a fraud. the technology never worked. then they lied about it. >> i read "bad blood." the fellow who exposed this in the "wall street journa

although elizabeth holmes raised $900 million >> she did by lying >> the sale comes as united technologies official policy that will allow all visitors to use their restrooms regardless of whether or not they make a purchase. what could go wrong? announcement comes after two african-american men were arrested at a starbucks in philadelphia i don't know how that works. i don't know -- i mean, they -- i understand the motivation. i just don't know how you actually -- >> the truth is most starbucks you could go in and sit or use the restrooms beforehand anyway. this is a clarification of a policy because of what happened in philadelphia. >> or say it's really cold and some people want to get -- a lot of people want to get in out of the cold >> it's going to get challenging. >> i don't know how -- there's got to be some guidelines somewhere. then it's going to look like you're going back on your initial very well intentioned -- >> hanging out for three days. we'll see. >> use it to wash up and shave every day. >> i don't know how it's going to work. i imagine it can't be just anybody doing wha