April 11, 2019 at 11:29 am PST | by Mariah Cooper
Kate McKinnon cast as Elizabeth Holmes in Hulu miniseries ‘The Dropout’

Kate McKinnon. (Screenshot via YouTube)

Kate McKinnon has been cast as Elizabeth Holmes, the disgraced CEO of the now-defunct company Theranos, in Hulu’s limited series “The Dropout,” according to Deadline.

The series, which will have six-10 episodes, will be based on the ABC Radio and ABC News podcast of the same title. It chronicles the rise and fall of Holmes who dropped out of Stanford to found Theranos, a blood testing company that alleged it had the technology to conduct multiple tests with a simple finger pick. Theranos received millions of dollars in funding from investors and was at one time estimated to be worth $9 billion.

After an investigation, Holmes’ claims about the technology were discovered to be false. In 2018 Holmes was indicted on nine counts of wire fraud and two counts of conspiracy to commit wire fraud.

The out “Saturday Night Live” star will portray Holmes and executive produce the series along with podcast host Rebecca Jarvis and podcast producers Victoria Thompson and Taylor Dunn.

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