Ethics In The Movies

Movie Link: Equity Funding – The Billion Dollar Bubble1. How was the fraud committed?2. The fraud occurred over 8 years. What opportunities were missed to catch and stop it?3. What are some things that the auditors could/should have done?4. Did some of the lower level people get pulled into the fraud unwillingly? If so what was the environment like at this company, what were some of the “red flags”, how could they have avoided getting involved?5. What are some lessons learned from this case, and were there any industry changes made as a result?6. Any other general thoughts of comments.