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Sam Waterston was spotted for the first time on the set of The Dropout with star Amanda Seyfried on Wednesday in Los Angeles.
On Thursday it was revealed that the Law and Order actor had joined the Hulu limited series as a recurring character along with Kurtwood Smith, Deadline reported.
Amanda Seyfried, 35, is taking on the role of disgraced Silicon Valley exec Elizabeth Holmes who went from college dropout to tech prodigy to accused white collar criminal in a matter of years.
A day at the office: Sam Waterston was spotted for the first time on the set of The Dropout with star Amanda Seyfried; It was reported by Deadline Thursday that he was joined the series about Theranos founder Elizabeth Holmes to play George Shultz
Sam Waterston is playing former Secretary of State George Shultz, who has held numerous other cabinet level positions in various U.S. presidential administrations, in The Dropout, it was reported.
Schultz was a member of the Theranos board of directors, the medical tech company founded and operated by Elizabeth Holmes.
Waterston and Seyfried were both masked and flanked by various members of the film crew as they headed to set to tape.
Amanda was dressed in Elizabeth’s signature black turtleneck – of which the former business exec once claimed to have owned well over a hundred.
Drama: Waterston is playing former Secretary of State George Shultz, who was a member of the Theranos board of directors, the medical tech company founded and operated by Elizabeth Holmes
Holmes is set to face trial on a slew of federal fraud charges this month after she was accused of swindling investors out of roughly $700milion to fund her medical technology company, Theranos, that was selling a blood testing technology that didn’t exist.
Shultz was heavily involved in the Theranos scandal having recruited big name politicians like former secretary of state Henry Kissinger to join the board and aided the young entrepreneur in her quest to raise hundreds of millions in funding.
Keep quiet: Shultz was heavily involved in the Theranos scandal having recruited big name politicians like former secretary of state Henry Kissinger to join the board and aided the young entrepreneur in her quest to raise hundreds of millions in funding (Shultz seen in 2000)
The economist had Holmes hire his Stanford-graduate grandson at Theranos, Tyler Schultz, who first alerted him that something was amiss at the tech company.
Tyler reportedly tried to warn his grandfather about the trouble but was told to keep quiet. He went on to contact the Wall Street Journal and blew the whistle on Holmes and Theranos in a series of bombshell reports.
George Shultz died on February 6, 2021 at the age of 100.
Mean Girls star Amanda Seyfried is taking on the lead role of Elizabeth Holmes in the Hulu limited series based on the ABC News/ABC Radio podcast of the same name.
Seyfried will do double duty as one of the miniseries’ executive producers, in addition to starring in it.
The series was originally going to star SNL comic Kate McKinnon but she left the project earlier this year and was replaced by Amanda.
It co-stars Naveen Andrews, William H. Macy and Laurie Metcalf and is expected to be an eight episode limited series set to debut later in 2021.
Her downfall: Shultz’s grandson Tyler was hired by Theranos and reportedly tried to warn his grandfather about the trouble but was told to keep quiet; He went on to contact the Wall Street Journal and blew the whistle on Holmes and Theranos in a series of bombshell reports
Holmes started medical tech company Theranos at the age of 19 after dropping out of Stanford University. Before allegations of fraud surfaced, Holmes was celebrated as a young visionary and success story, often being dubbed the ‘female Steve Jobs.’
She became known for her baritone voice and black turtlenecks, once boasting that she owned more than 150 of the items in an effort to emulate Jobs.
Theranos, which was shut down in September 2018, claimed to have developed a breakthrough technology allowing it to do blood tests using much smaller samples than is normally required – just a drop.
The tests would have helped those with fears of needles, and the company also claimed to have automated machines that could test the blood quickly.
Perfect casting: Mean Girls star Amanda Seyfried is taking on the lead role of Elizabeth Holmes in the Hulu limited series based on the ABC News/ABC Radio podcast of the same name
Theranos raised hundreds of millions from investors and was valued at $9 billion in the mid-2010s – without ever proving that the blood testing cartridges the company developed actually worked.
However, a series of investigative pieces by John Carreyrou in The Wall Street Journal and the work of medical researchers John Ioannidis and Eleftherios Diamandis revealed that the company’s claims about its tests were false.
Holmes agreed to pay a fine of $500,000 to the Securities and Exchange Commission (SEC).
She also gave up all of her Theranos stock after she was accused of fraud, reducing her personal net worth to essentially zero.
Weird: Holmes was celebrated as a young visionary – often being dubbed the ‘female Steve Jobs – a comparison she took to heart as she began wearing a uniform of black turtlenecks to emulate the Apple exec (Jobs in 2006)
In 2018, the US Attorney for the Northern District of California indicted her on wire fraud and conspiracy charges, though her trial has been delayed multiple times due to the ongoing coronavirus pandemic.
In the trial, which is expected to begin August 31, in San Jose, California, prosecutors have accused Holmes of defrauding patients and investors, allowing them to believe her invention can accurately perform lab tests from a few drops of blood.
Holmes’ defense team argued that Holmes had intended to create a device that worked, and that government regulators and investigators were unfairly harsh because of intense media scrutiny of Theranos.
The trail was postponed three times as a result of the COVID-19 pandemic, in addition to Holmes being pregnant.
A jury of her peers: In 2018, the US Attorney for the Northern District of California indicted her on wire fraud and conspiracy charges; She is scheduled to be in court later this month
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