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Editorial staff. duke university researchers believe there is a serious lack of local news coverage finding less than 20% of stories are truly local. there is some hope though chance the rapper bought a chicago news site memphis. the daily site called the daily memphian. >> a stunning detrail in silicon valley biggest corporate fall since enron. young ambitious entrepreneur trying to prevent blood testing with her company. elizabeth holmes fooled the world. she claimed she created a device use as pinprick of blood to run every test known to man. in "wall street journal" investigation john disc...

College dropout could just drop out with very little formal training in medicine and, yet, invent something that was really going to revolutionize medicine and blood testing felt immediately far fetched to me. that said, i probably wouldn't have done anything with that hunch if i hadn't gotten a tip a few weeks later. when i got a tip it was from a third-hand source and i sort of pulled on that string for a few weeks and eventually made contact with a crucial employee who had just left and that employee was the former lab director. and he was terrified when i first made contact with him. >> da...

>> steve, thank you. now, to the stunning fall of a former ceo, described as america's youngest self-made female billionaire. elizabeth holmes charged with massive fraud. her company claiming to revolutionize blood testing, diagnosing hundreds of diseases with just a pin prick. but were those results accurate, and did they do all that they promised? here's abc's chief business correspondent rebecca jarvis tonight. >> reporter: once celebrated as the next steve jobs -- >> we've made it possible to run comprehensive laboratory tests from a tiny sample. >> reporter: elizabeth holmes, founder of...

Furrow's hatchet was missing from his tool belt. >> it would make sense that somebody like lee furrow would have killed the ryens. he was a convicted murderer. he had strangled to death a young woman and thrown her body into a canal. >> but san bernardino police waited 11 months before questioning lee furrow. and when they did, they never asked him about his missing ax. they also seemed to accept furrow's word that he didn't own any overalls. tom parker thinks he knows why. >> the coveralls in fact had been destroyed. a deputy had taken them and thrown them in a dumpster behind the sheriff's d...

Into a canal. >> but san bernardino police waited 11 months before questioning lee furrow. and when they did, they never asked him about his missing ax. they also seemed to accept furrow's word that he didn't own any overalls. tom parker thinks he knows why. >> the coveralls in fact had been destroyed. a deputy had taken them and thrown them in a dumpster behind the sheriff's department to get rid of them because it was unfounded that they had been connected to the case. of course there had never been any blood testing or whatever to come to that conclusion. >> hile now raised this destruction...