The story of Elizabeth Holmes, the world's youngest self-made female billionaire who turned out to be a giant fraud, already inspired a ABC News podcast, two-hour 20/20 broadcast and an HBO documentary. Now it's reportedly getting the miniseries treatment too.

According to Deadline, Kate McKinnon will executive-produce and star in The Dropout, a limited series for Hulu that is based on Holmes and the rise and fall of her company Theranos. Holmes was considered a chemical engineering prodigy when she dropped out of Stanford to create Theranos, a healthcare technology company that claimed to completely revolutionize blood testing. Holmes was the toast of Silicon Valley before it was discovered the technology she boasted about didn't actually work. Last year, she was indicted on nine counts of wire fraud and two counts of conspiracy to commit wire fraud, to which she pleaded not guilty, and now faces a possible 20 years in prison.

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The limited series is the first announced TV effort for Fox Searchlight, which was just absorbed by Disney in its purchase of Fox Studios. It's also McKinnon's first series regular gig outside of her work on Saturday Night Live.

Hulu did not respond to TV Guide's request for comment.

Kate McKinnon, Saturday Night Live

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