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False Claims in Investor Calls
- Prosecutor Jeffrey Shank played a recording of Elizabeth Holmes's investor call with Bryan Tolbert.
- Holmes claimed Theranos technology could run any test from a microsample, contradicting evidence.
Deceptive Lab Presentation
- Prosecutor Shank presented a recorded conversation between Elizabeth Holmes and journalist Roger Parloff.
- Holmes falsely claimed Parloff had already seen the Phoenix lab when he observed Theranos devices, while the actual lab used third-party devices.
Pattern of False Statements
- Prosecutor Shank highlighted Elizabeth Holmes's repeated false statements about Theranos's pharmaceutical contracts and DoD relationships.
- He emphasized that these statements were not merely aspirational, but presented as accomplished facts.