Wolfe (2004) criticizes the fraud triangle because it does not account for capability, specifically the capability to recognize opportunity and take advantage of a situation. He proposes the Fraud Diamond which includes the three aforementioned fraud triangle components and adds capability. Capability entails that the fraudster must have the required traits and abilities to commit fraud, namely:

1) Position in organization providing opportunity;

2) Intelligence to find and exploit internal control weaknesses;

3) Confidence that they will not get caught;

4) Power to coerce others to conceal or commit fraud;

5) Good at concealing the truth; and

6) Deals well with stress (Wolfe, 2004).

Do you think that capability (as described above) applies to the Allen Stanford Case? Explain.

please provide a 4-7 sentence answer.