Fielder Unveils Secret Elizabeth Holmes Documentary at Telluride

Fielder Unveils Secret Elizabeth Holmes Documentary at Telluride

Elizabeth Holmes, convicted Theranos fraudster, seated indoors with one hand raised while speaking
Elizabeth Holmes, the convicted Theranos founder, in the documentary 'You Can See Everything,' directed by Nathan Fielder.Illustration: The Frank

The News

Comedian Nathan Fielder secretly filmed convicted Theranos fraudster Elizabeth Holmes in the weeks before she went to prison, and the documentary is coming to theaters in October.

A24 revealed the film, "You Can See Everything," on Sept. 6 — the same day it held a surprise world premiere at the Telluride Film Festival in Colorado. Fielder directed it with "Primetime" director Lance Oppenheim.

Holmes, 42, let the crew into her home 34 days before she began serving a sentence of more than 11 years for defrauding investors in her blood-testing startup.

Timeline

2013–2015

Holmes raises more than $700 million while, in the Securities and Exchange Commission's words, "deceiving investors by making it appear as if Theranos had successfully developed a commercially-ready portable blood analyzer." The company claimed it could run hundreds of tests on a single drop of blood from a finger prick. A series of Wall Street Journal investigations exposed the fraud.

2016

Holmes hosts a high-profile fundraiser for Hillary Clinton at Theranos' Palo Alto headquarters during Clinton's campaign against Donald Trump.

2022

Holmes is convicted on four counts of fraud, covering more than $140 million in wire fraud according to the Justice Department, and sentenced to 11 years and three months.

2023

She reports to prison. Thirty-four days earlier, per the film's logline, she had invited a skeptical film crew to document her every move.

August 2025

Holmes resumes posting on X after her account sat dormant since 2015, this time with pro-Trump and pro-Make America Healthy Again messages. In November she shares a Politico article about MAHA "embracing" her and writes: "I have been working to Make America Healthy Again since 2004."

2025

Holmes files for a commutation of her sentence. The Justice Department's Office of the Pardon Attorney lists the request as pending.

Sept. 6, 2026

The film screens as Telluride's "Sunday TBA," the festival's annual secret slot. Cellphones are confiscated from the audience at the Herzog Theatre. A24 then releases the trailer and confirms an October theatrical run.

Reactions

The trailer is built around a single staredown. Fielder and Holmes sit inches apart for roughly a minute, arguing about whether she is telling the truth.

"I don't have anything to deceive you on," Holmes tells him. "Of course I'm not deceiving you. I'm engaging with you as a human being. Why would I deceive you? There's no reason for me to do that."

"OK. All right. OK, good chat," Fielder replies. "You're being real right now?" Holmes answers: "I'm always being real."

Holmes reposted the trailer on X herself, adding that she is "always being real."

A24's synopsis promises a turn: "What begins as an intimate portrait of an enigmatic felon becomes a mind-bending three-year journey into the abyss." Variety called the teaser weird; the Hollywood Reporter framed the screening as Telluride's surprise secret slot.

What's Next

"You Can See Everything" opens in theaters in October.

Holmes remains in custody at Federal Prison Camp Bryan, a minimum-security facility in Texas. Her commutation request is still listed as pending with the Justice Department, which means the White House could act on it at any time.

More

Why Fielder

Fielder built his career on blurring fiction and reality. The Canadian comic rose to prominence with Comedy Central's "Nathan For You," pitching absurd schemes to real small businesses — including the "Dumb Starbucks" stunt that made national news before anyone knew he was behind it. He followed it with HBO's "The Rehearsal." On camera he typically plays an exaggerated, manipulative version of himself, which makes a staredown with America's most famous startup fraudster something close to a natural fit.

Not the first telling

Holmes was the subject of the 2019 documentary "The Inventor: Out for Blood in Silicon Valley" and was played by Amanda Seyfried in the 2022 Hulu series "The Dropout." Rumors that Fielder was interviewing her circulated for years while the project stayed under wraps.

Poll

Should President Trump commute Elizabeth Holmes' sentence?

Yes — she has served enough
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No — she should serve all 11 years
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