This week, Theranos founder Elizabeth Holmes and her fiancé, Billy Evans, were spotted prancing around San Francisco’s Marina District with wide grins as they walked Holmes’ Siberian husky, Balto.
She had shed her infamous black turtleneck (inspired by her hero, Steve Jobs) for a white T-shirt and leggings. He sported a black tee that read, “Take a Walk on the Wild Side.” They looked every inch the ordinary, happy, engaged couple.
Anyone who saw them would never have guessed she is facing 20 years behind bars for wire fraud as part of an alleged scheme to defraud investors, doctors and patients. Or that she is considered one of the biggest scam artists of her generation and accused of putting lives in danger.
But despite her pending trial (her next court appearance is April 22), the 35-year-old Holmes and 27-year-old hotel heir are moving full steam ahead in planning a future together.
“The wedding invites were sent out about two weeks ago,” a former colleague of Evans’ said, adding that the couple got engaged three or four months ago.
“He gave her his MIT signet ring,” said the colleague, who worked with Evans at Luminar Technologies, a Palo Alto, Calif., firm that produces sensors for self-driving cars. “Billy and the MIT ring, they are inseparable. He always wore it on his pinky finger.
“He could snap his fingers and have a triple-A diamond engagement ring instantly if he wanted to. But if you give her some extravagant ring, it could end up owned by the feds if she has to give up her material possessions.”
n March 2018, the Securities and Exchange Commission accused Holmes of conducting “an elaborate, years-long fraud” and duping investors out of $700 million by falsely claiming to have revolutionized medical testing with a diagnostic device that could use a mere finger prick’s worth of blood. (She settled with a $500,000 fine and agreed not to serve as an officer or director of a public company for 10 years.)
‘His family is like, ‘What the f–k are you doing?’ It’s like he’s been brainwashed.’ She has become the subject of national obsession as her jaw-dropping maze of lies and deception has been chronicled in John Carreyrou’s book “Bad Blood,” as well as a recent HBO documentary, “The Inventor,” and the popular podcast “The Dropout.”
Holmes — whom Time magazine declared one of the world’s most influential people in 2015 — has gone from being one of Forbes’ Richest Self-Made Women, with a net worth of $4.5 billion, to having nothing.
People close to Evans, who graduated from MIT in 2015, are trying to make sense of the relationship. Sources told The Post that Evans’ image-conscious parents, William and Susan — who own three top hotels in Southern California, including The Lodge at Torrey Pines in La Jolla — are flabbergasted by their son’s decision to marry Holmes.
(Evans, his family and Holmes did not respond to requests for comment.)
“His family is like, ‘What the f–k are you doing?’ It’s like he’s been brainwashed. [He says,] ‘The media has it all wrong about her,’” said one San Francisco techie.
“He’s had a lot people very close to him sit him down and have a talk,” the colleague said, before cataloging the litany of warnings given to Evans.
“‘This could be the biggest mistake you’ll ever make.’ ‘The negativity around her could blow back on you.’ ‘You’ve never encountered anything like this.’ ‘You need to think hard about what you’re doing.’ ”
Still, the couple is undeterred.
“It’s kind of like Billy is her shiny new toy. She’s super enthusiastic about being with him,” the colleague said.
“The relationship is opportunistic for the both of them. Elizabeth needs a lot of support in her life right now, and Billy is looking for whatever way he can raise his profile.”