Explain the fraud that she committed

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Reference no: EM133562321

Assignment:

Read the case study, "Theranos: Case Study and Examination of the Fraud Triangle" Download Theranos: Case Study and Examination of the Fraud Triangle" found under the Supplemental Reading section. Using Word, answer the following questions and upload to Canvas by the due date. Please list the questions in the Word document along with your answers. I am looking for well thought out and complet answers to the questions.

1. Who is Elizabeth Holmes?

2. Explain the fraud that she committed?

3. Besides the investors, explain who were the real victims of this fraud were?

4. Using the fraud triangle, explain the incentive/pressure, opportunity, and rationalization that Elizabeth Holmes had in order to commit this fraud.

5. There is also something called the "Fraud Diamond". Using the internet, research the fraud diamond and explain how it differs from the fraud triangle.

6. Using the fourth element in the fraud triangle, explain what capability Elizabet Holmes had that allowed her to commit this fraud.

7. How could this fraud have been prevented?

Watch the following video and then read the wikipedia information on Barry Minkow. Based on this information do you think that the fraud triangle can be applied to Barry Minkow's frauds? Explain your answer.

Reference no: EM133562321

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