Amanda Seyfried to play disgraced Theranos founder Elizabeth Holmes in Hulu’s The Dropout

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Amanda Seyfried follows her acclaimed role in Mank and her first Oscar nomination with a starring role as disgraced Theranos founder Elizabeth Holmes.

The 35-year-old actress will star in Hulu’s upcoming limited series The Dropout, which is based on the ABC News / ABC Radio podcast of the same name. Deadline reported on Monday.

SNL star Kate McKinnon originally signed up to play the role of the alleged fraudster before retiring in February.

Torn from the headlines: Amanda Seyfried, 35, will star as disgraced Theranos founder Elizabeth Holmes in Hulu's The Dropout, Deadline reported Monday;  seen in Venice in 2019

Torn from the headlines: Amanda Seyfried, 35, will star as disgraced Theranos founder Elizabeth Holmes in Hulu’s The Dropout, Deadline reported Monday; seen in Venice in 2019

Seyfried will double as one of the executive producers of the miniseries in addition to starring.

The original ABC podcast documented Holmes’s meteoric rise from a Stanford University dropout to the founding of Theranos.

The company, which closed in September 2018, claimed to have developed a breakthrough technology that allowed it to do blood tests with samples much smaller than is normally needed.

The tests are said to have helped those with fear of needles, and the company also claimed to have automated machines that could test the blood quickly.

Disgraced: Theranos went from leaving Stanford to founding the blood testing company Theranos, though his claims about requiring less blood than other methods proved false;  seen in 2015 in San Francisco

Ashamed: Theranos went from leaving Stanford to founding the blood testing company Theranos, though his claims about requiring less blood than other methods proved false;  seen in 2015 in San Francisco

Disgraced: Theranos went from leaving Stanford to founding the blood testing company Theranos, though his claims about requiring less blood than other methods proved false; seen in 2015 in San Francisco

Ahead: SNL star Kate McKinnon originally signed up to play the role of the alleged fraudster before retiring in February;  seen at the Gold Globes in January 2020

Ahead: SNL star Kate McKinnon originally signed up to play the role of the alleged fraudster before retiring in February;  seen at the Gold Globes in January 2020

Ahead: SNL star Kate McKinnon originally signed up to play the role of the alleged fraudster before retiring in February; seen at the Gold Globes in January 2020

Theranos raised hundreds of millions from investors and was valued at $ 10 billion in the mid-2010s.

However, a series of research papers by John Carreyrou in The Wall Street Journal and the work of medical researchers John Ioannidis and Eleftherios Diamandis found the company’s claims about the tests to be false.

Holmes agreed to pay a $ 500,000 fine to the Securities and Exchange Commission (SEC) and gave up all of her Theranos stock after being charged with fraud, essentially making her personal net worth zero.

In 2018, the United States Attorney for the Northern District of California charged her with wire fraud and conspiracy, although her trial has been postponed multiple times due to the ongoing coronavirus pandemic.

Holmes was able to charm several high-profile people into becoming board members, including former secretaries of state George Schultz and Henry Kissinger and retired General James Mattis, who served as President Donald Trump’s first secretary of defense.

Liar-Liar: Theranos raised hundreds of millions and was estimated to be worth $ 10 billion in the mid-2010s, but Holmes was charged with fraud and conspiracy after reports in The Wall Street Journal revealed her fraud;  seen in 2015 on Squawk Box

Liar-Liar: Theranos raised hundreds of millions and was estimated to be worth $ 10 billion in the mid-2010s, but Holmes was charged with fraud and conspiracy after reports in The Wall Street Journal revealed her fraud;  seen in 2015 on Squawk Box

Liar-Liar: Theranos raised hundreds of millions and was estimated to be worth $ 10 billion in the mid-2010s, but Holmes was charged with fraud and conspiracy after reports in The Wall Street Journal revealed her fraud; seen in 2015 on Squawk Box

First Time: Seyfried's new role comes after she had a blockbuster year in which she was nominated for Best Supporting Actress for David Fincher's Netflix film Mank at the Oscars;  seen in 2019

First Time: Seyfried's new role comes after she had a blockbuster year in which she was nominated for Best Supporting Actress for David Fincher's Netflix film Mank at the Oscars;  seen in 2019

First Time: Seyfried’s new role comes after she had a blockbuster year in which she was nominated for Best Supporting Actress for David Fincher’s Netflix film Mank at the Oscars; seen in 2019

Seyfried’s new role comes after she had a blockbuster year with her supporting role in the Oscar hopeful Mank.

In the film, Gary Oldman plays screenwriter Herman J. Mankiewicz, who co-wrote the classic Citizen Kane with star and director Orson Welles.

Mankiewicz shared the film’s only Academy Award, for its screenplay, with Welles.

Directed by David Fincher of Se7en, Mank follows Mankiewicz from his work in the 1930s on political campaigns and propaganda films to his collaboration with Welles on Kane.

Seyfried appears in the film as Marion Davies, the actress and lover of newspaper mogul William Randolph Hearst, who served as the inspiration for Welles’ title character in Citizen Kane.

The film received widespread critical acclaim and was nominated for 10 Academy Awards, including Best Picture, Best Director, and Best Actor, along with a host of technical nominations.

Hollywood: Gary Oldman stars as Citizen Kane co-screenwriter Herman J. Mankiewicz, screened on political projects in the 1930s and while working on Kane with Orson Welles in the early 1940s

Hollywood: Gary Oldman stars as Citizen Kane co-screenwriter Herman J. Mankiewicz, screened on political projects in the 1930s and while working on Kane with Orson Welles in the early 1940s

Hollywood: Gary Oldman stars as Citizen Kane co-screenwriter Herman J. Mankiewicz, screened on political projects in the 1930s and while working on Kane with Orson Welles in the early 1940s

First Time: Seyfried stars as Marion Davies, the actress and lover of newspaper mogul William Randolph Hearst, who inspired Welles' film.  Her Oscar nomination is her very first

First Time: Seyfried stars as Marion Davies, the actress and lover of newspaper mogul William Randolph Hearst, who inspired Welles' film.  Her Oscar nomination is her very first

First Time: Seyfried stars as Marion Davies, the actress and lover of newspaper mogul William Randolph Hearst, who inspired Welles’ film. Her Oscar nomination is her very first