SAN JOSE (KPIX 5) — Federal prosecutors grilled Theranos founder Elizabeth Holmes Tuesday on claims that her failed startup’s technology was being deployed by military doctors in war zone field hospitals, as well as revenue projections of nearly $1 billion for 2015.
Once a darling of the Silicon Valley’s tech community, Holmes now faces 11 federal charges of defrauding investors and patients with false claims on the accuracy and success of her company’s blood testing technology.
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If the jury finds her guilty, she could be sentenced to 20 years in prison and be ordered to pay a $2.75 million fine.
Holmes took the stand in her own defense for a sixth day and Assistant U.S. Attorney Robert Leach wasted little time during his cross examination, boring in on discrepancies between her testimony and that of others.
Leach recounted the testimony from several witnesses including Safeway Inc. CEO Steven Burd and investors Lisa Peterson and Brian Grossman who claimed they were led to believe Theranos devices were being used by the U.S. military doctors on the battlefield.
“Theranos devices were never used for clinical care for soldiers correct?” Leach asked.
“Correct,” Holmes answered.
When asked if she had told the investors that, Holmes answered “I don’t think so.”
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Leach also asked Holmes about revenue projections of nearly $1 billion shown to Peterson, who is a representative for the DeVos family, who did invest in the startup.
Holmes said the figure came...
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