Theramos scandal

IYour paper assignment is to engage the online news articles and documentary videolisted below (in the bullet points) and apply the concepts and theoretical insights mentioned in the articles by Brooke Harrington, David Gibson, and Diane Vaughan to address the Elizabeth Holmes and Theranos scandal. Elizabeth Holmes was convicted of fraud and sentenced on Friday, November 18, 2022, to 135 months (11 years, 3 months) in federal prison. She was found guilty of defrauding investors in Theranos, Inc. of hundreds of millions of dollars.

For information, see here: https://www.justice.gov/usao-ndca/us-v-elizabeth-h….

Below are the online news articles and documentary videoyou are to use to engage to examine the Theranos scandal.Access them by clicking on the link.  

• Here is an excellent documentary on the Theranos scandal that aired last year: Elizabeth Holmes: The “Valley of Hype” Behind the Rise and Fall of Theranos. Yahoo Finance Documentary. . August 30. 2021. This is a two-part video that has a 30-minute introduction and the actual documentary that goes 1 hour and 15 minutes (total time is 1 hour, 45 minutes). That might seem like a long time, but there is lots of excellent information and you can bypass the commercials. Also, I spend an enormous amount of time evaluating which documentary videos are appropriate and illustrative of the theories and concepts in this course. Thus, I think this Yahoo Finance video is a good fit.  

• The TheranosControversy, Explained. Everything You Need to Know About the Super-Secret, Controversial Blood Testing Company. By Julia Belluz@juliaoftoronto. Oct 20, 2015, 3:41pm. https://www.vox.com/2015/10/20/9576501/theranos-el…

• U.S. v. Elizabeth Holmes, et al. United States Attorney’s Office. Northern District of California. https://www.justice.gov/usao-ndca/us-v-elizabeth-h…

• The Elizabeth Holmes Trial Sparks A Silicon Valley Debate: Why Not Other Tech CEOs? September 25, 20217:07 AM ET. Bobby Allyn. National Public Radio. https://www.npr.org/2021/09/25/1040442689/elizabet…

• Lack of Transparency in Healthcare Startups Risks Another TheranosImplosion. Jonathan Shieber@jshieber / 8:05 AM CST. January 28, 2019.  https://techcrunch.com/2019/01/28/lack-of-transpar…

You are also welcome but not required to access other online news articles and videos. The 60 Minutes USA and 60 Minutes Australia videos on the Theranos scandal are good. Here is a timeline of events from CNN with lots of links: https://www.cnn.com/2022/07/07/tech/theranos-rise-…. Just to let you know, there is an enormous amount of material out there on the Theranos scandal. 

All citations must be listed in your references section and the references section must be specific, thorough, and complete.  

In your paper,first, describe the scandal.Identify the fraudulent activities, the accused individuals and/or groups, and the reasons why the Elizabeth Holmes and/or other individuals and/or groupswere accused of fraud. Next, answer the following questions: 

• How do the concepts and theories described in the articles by Brooke Harrington, David Gibson, and Diane Vaughan help explain the causes, impacts and consequences of the fraud?

• How do the concepts and theories described in the articles by Harrington,Gibson, and Vaughan help explain how the fraud was perpetuated over time? 

• Lastly, is the institution that is the subject of the fraud scandal – medical startups – prone to fraud? If so, what factors explain the institution’s fraud-prone nature? What concepts in the articles by Harrington, Gibson, and Vaughan inform your explanation?  

• Optional: Some people may contend that the convicted fraudster, Elizabeth Holmes, is a visionary charismatic leader with excellent skills in impression management and dramaturgical discipline. Reflecting on the articles we read earlier in the semester by Stephen Adair and Charles Kurzman and colleagues, do the concepts of celebrity and celebrity status offer any explanatory power in understanding the Theranosscandal?