Please rephrase it in your on wording. ParagraphNNormalAccessibility: UnavailableNo SpacingQ SearchHeading 1Styles4. Is there any justification for the actions of Holmes and Balwani?The rise and fall of Theranos is a compelling and cautionary tale that has gained the attention ofboth the business world and the general public and had intriguing scenarios within it. With aninitial vision that garnered significant investments and partnerships, Theranos seemed poisedfor success. It did not work like that, In 2018, The U.S. Securities and Exchange Commission(SEC) charged Theranos and Holmes with deceiving investors by "massive fraud" through falseclaims about their products, including claims that the US Defence were using it in combatsituations. Holmes settled by paying a $500,000 fine, returning 18.9 million shares to thecompany, and was given a 10-year ban from serving as a director of a public company.Heading 2But in the big case of U.S. v. Holmes, et al., which started in the same year, Holmes and herbusiness and personal partner, Sunny Balwani were indicted on nine counts of wire fraud andtwo counts of conspiracy to commit wire fraud, with the victims being both investors andpatients. The trial didn't end until January 2022, when Holmes was convicted of four counts ofdefrauding investors - but, crucially for the people whose lives she ruined with false medicaldiagnoses, she was found not guilty of defrauding patients.Therefore, we think there is no justification for the action of Holmes and Balwani in the ethicalcontext due to continuing deceive and mislead investors, patients, and doctors even after itbecame clear that the technology did not work is indefensible even if they strongly believedtheir vision. if the allegations of fraud and deception are proven true, they will have to face thelegal consequences untill proven guilt.

Question

Please rephrase it in your on wording. ParagraphNNormalAccessibility: UnavailableNo SpacingQ SearchHeading 1Styles4. Is there any justification for the actions of Holmes and Balwani?The rise and fall of Theranos is a compelling and cautionary tale that has gained the attention ofboth the business world and the general public and had intriguing scenarios within it. With aninitial vision that garnered significant investments and partnerships, Theranos seemed poisedfor success. It did not work like that, In 2018, The U.S. Securities and Exchange Commission(SEC) charged Theranos and Holmes with deceiving investors by &#34;massive fraud&#34; through falseclaims about their products, including claims that the US Defence were using it in combatsituations. Holmes settled by paying a $500,000 fine, returning 18.9 million shares to thecompany, and was given a 10-year ban from serving as a director of a public company.Heading 2But in the big case of U.S. v. Holmes, et al., which started in the same year, Holmes and herbusiness and personal partner, Sunny Balwani were indicted on nine counts of wire fraud andtwo counts of conspiracy to commit wire fraud, with the victims being both investors andpatients. The trial didn't end until January 2022, when Holmes was convicted of four counts ofdefrauding investors - but, crucially for the people whose lives she ruined with false medicaldiagnoses, she was found not guilty of defrauding patients.Therefore, we think there is no justification for the action of Holmes and Balwani in the ethicalcontext due to continuing deceive and mislead investors, patients, and doctors even after itbecame clear that the technology did not work is indefensible even if they strongly believedtheir vision. if the allegations of fraud and deception are proven true, they will have to face thelegal consequences untill proven guilt.

Accepted Answer

In January 2022, Holmes was found guilty of four checks of defrauding investors, while being…