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22WX-2605: Theranos Fraud, Elizabeth Holmes and Lessons Learned (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Monday, December 19, 2022
Time 4:00pm - 6:00pm
Central Time
Location Online
CPE credits CPE 2.0
Field(s)
of study
Behavioral Ethics - Non-Technical (2.0)
Specialty
credits
2.0 Ethics
Fees
Standard Member Fee $79.00
Standard Nonmember Fee $79.00

Description

This course covers the government's allegations against Elizabeth Holmes, founder of Theranos. She began as a promising young student at Stanford University. Before completing her undergraduate studies, Ms. Holmes began pitching an idea to investors. Investors bought into the hype that innovative strategies at Theranos would revolutionize medical testing. Sophisticated groups overlooked their internal policies on due diligence. Instead, many investors relied upon representations by Elizabeth Holmes and her team at Theranos. Investors bought shares in Theranos at a valuation that exceeded $5 billion. The business news celebrated Elizabeth Holmes as one of the nation's youngest billionaires. When the market learned that the Theranos team had misrepresented corporate performance, the valuation of Theranos imploded. An investigation started, followed by a criminal indictment and a lengthy jury trial.

Listen and learn from the Theranos case.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Who should take this program?

Financial professionals want to improve judgment when assessing the veracity of others.

Major subjects

  • Material representations
  • Ethical dilemmas
  • Laws on wiretaps and consent rules
  • Federal Sentencing Guidelines
  • Sentencing enhancements
  • Creating tools to help make better decisions
  • Atonement and reconciliation

Learning objective(s)

  • Recognize the implications that follow material misrepresentations
  • Identify criminal and civil exposure for third-party validators
  • Estimate the relevance of one-party consent laws and telephone recordings
  • Distinguish how "Puffery", Potemkin Villages, and misleading optics can enhance criminal exposure
  • Indicate implications of relying upon the military in a twist of stolen valor
  • Recall how due diligence can expose an accounting firm to potential problems with the law

Notes:

Course code Code 22WX-2605
Sponsor CPA Crossings, LLC
NASBA ID#: 108744
Level Basic
Format Group Internet Based
Prerequisites Prereq. None
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.