A variant of Clarke's Third Law is “Any sufficiently crappy research is indistinguishable from fraud." A variant of Elizabeth Holmes "crappy research,” lies, and chicanery kept Theranos, afloat for 15 years. With the above in mind, in two pages or less:

A. Precisely state the elements of fraud and specifically detail how Theranos and Holmes allegedly defrauded investors, retail customers, and the public.

B. What different charges do Holmes and Theranos face and what are the different implications?

C. How does the Theranos case differ from the PG&E 2018 Camp Fire case vis a vis executive imprisonment?

Answer rating: 100% (QA)

Part A Essential Elements of Fraud The following are the top 10 essential elements of fraud 1 False and Willful representation or Assertion To constitute fraud there must be some representation or ass... View the full answer