Considering The Human Element Of Fraud

By Jonathan Marks

The dramatic rise and fall of Elizabeth Holmes, the former Theranos CEO found guilty of wire fraud and conspiracy, captivated the public’s eye. For over a decade, Holmes glowed in financial and entrepreneurial success in the biotech industry, until journalistic and regulatory investigations revealed doubts about her company’s claims and questioned whether she misled investors and government officials. But how could fraud on such a massive scale occur in the first place, especially at the hands of one person?