A closely guarded documentary about convicted Theranos fraudster Elizabeth Holmes made its debut Sunday at the Telluride Film Festival, including a tense moment in which Holmes, wide-eyed, tells the filmmakers: “I’m not deceiving you.”
Titled “You Can See Everything,” the film was shot in secret by directors Nathan Fielder and Lance Oppenheim. It tracks Holmes in the final weeks before she reported in May 2023 to a federal prison camp in Texas.
The nearly three-hour documentary screened Sunday night at the Werner Herzog Theater in Colorado, where attendees were caught off guard because the festival had kept the title under wraps all week, according to Vanity Fair.
Before the screening began, audience members were required to surrender their cell phones.
“Thirty-four days before she’s sent to prison, notorious Silicon Valley founder Elizabeth Holmes invites a skeptical film crew to document her every move,” the synopsis reads.
“What begins as an intimate portrait of an enigmatic felon becomes a mind-bending three-year journey into the abyss.”
A trailer for the documentary was also released on YouTube in connection with its Telluride premiere.
In the footage, Holmes is seen in an uneasy exchange with Canadian comedian Fielder, insisting that he can trust her.
“I’m not that person. I can promise you that. I don’t have anything to deceive you on,” she said, while rocking her baby with her foot.
“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,” she added.
Fielder, who listened intently, nodded and said, “Okay. All right. Okay. Good chat.”
The pair then smiles awkwardly at other during a brief silence.
“You’re being real now?” Fielder asks.
“I’m always being real,” Holmes responds, grinning.
The doc is co-directed by Fielder and the filmmaker, Lance Oppenheim. Oppenheim is known for the documentaries “Some Kind of Heaven” and “Spermworld.”
The trailer sparked a flurry of reactions online, with viewers left both excited and unsettled.
Dozens were quick to point out online that Holmes failed to blink during the sofa exchange.
“No blinking ever is wild,” actor Blake Cooper Griffin, who starred in Ryan Murphy’s “Dahmer — Monster: The Jeffrey Dahmer Story,” wrote on Instagram.
“She doesn’t blink,” former MSNBC journalist Katie Phang also noticed.
“This level of eye contact would send me into a spiral of no return,” another viewer said, disturbed by the intense exchange.
Some likened Holmes’ behavior to that of a robot, while others said the documentary has the hallmarks of a “horror film.”
“This s–t is stressing me out so badly already,” another viewer said.
One social media commentator even likened Holmes to Pennywise the clown, made famous by Stephen King’s 1986 novel “It.”
“Is Elizabeth Holmes gonna get nominated for Best Actress cause that was more unsettling than [Robert] Pattinson as Chris Hansen,” another quipped, referring to the psychological crime thriller “Primetime,” which was also directed by Oppenheim.
Many joked about the timing of its release, as it is due to hit theatres in October — right in time for Halloween.
Holmes, the founder of the now-defunct blood testing startup, was convicted in 2022 on four counts of wire fraud and conspiracy for cheating investors. She was ordered to pay $452 million in restitution.
Prosecutors said Holmes lied to investors from 2010 to 2015 by promising Theranos’ technology could run many medical tests on a single drop of blood from a finger prick.
In November 2022, she was sentenced to 11 years and three months behind bars and is housed inside the Federal Prison Camp in Bryan — the same lockup which is home to Jeffrey Epstein’s madam, Ghislaine Maxwell.
Holmes, however, is eligible for release on Dec. 30, 2031 after having a year shaved off her sentence.
Inmates can have time cut from their sentences for good behavior for participating in prison programs.
Holmes previously told People she earns 31 cents an hour for teaching inmates how to apply for jobs.
She also said she taught French and helped those looking for work apply for government support.
The convicted fraudster maintains her innocence.
“I refused to plead guilty to crimes I did not commit,” she told People in February 2025.
Holmes lobbied President Trump to commute her prison sentence and filed a request at some point last year.
The case is still pending, according to Office of the Pardon Attorney records viewed by The Post.
