Question

Respond to your peers who focused on a particular company, in this case the Theranos accounting scandal. Explain whether the CEOs and other corporate officers were justly held criminally responsible.

Answer 1

The CEOs and other corporate officers of Theranos were justly held criminally responsible for their actions in the accounting scandal.

Step-by-step explanation:

The CEOs and other corporate officers of Theranos were held criminally responsible for their actions in the accounting scandal. The company's founder and CEO, Elizabeth Holmes, and the former president, Ramesh Balwani, were charged with multiple counts of fraud. They were accused of misleading investors and patients about the capabilities of the company's blood-testing technology.

During the trial, evidence was presented that showed the executives knew the technology was not as effective as they claimed and that they made false statements to investors and regulators. The jury found them guilty on multiple charges, including conspiracy to commit wire fraud and conspiracy to commit securities fraud.

The criminal charges against the CEOs and other corporate officers demonstrate that they were not justly held responsible for their actions in the accounting scandal.