The Elizabeth Holmes and Theranos fraud case memes center on the meteoric rise and catastrophic fall of the biotech startup founder who claimed to revolutionize blood testing with just a single drop. Known for her signature black turtlenecks mimicking Steve Jobs and her unnaturally deep voice, Holmes became the ultimate symbol of Silicon Valley's 'fake it till you make it' ethos taken to a criminal extreme. These memes often highlight the absurdity of her claims, the gullibility of high-profile investors, and the dramatic contrast between her glamorous media portrayal and her eventual prison sentence. It is a popular template for commenting on corporate deception, over-ambition, and the dark side of tech disruption.