No, what I was trying to initially explain is that it is Netflix being defrauded. You pointed out that the company may only have equity to give, and I said that they weren't giving the equity to Netflix. They were giving it to an executive at Netflix in exchange for a contract, and it wasn't the executive's right to give that contract spot away for his own enrichment, because it's not his spot to give.

Similarly, in the case of college admissions scandals, it is the college being defrauded.

Now here, to make a parallel as you were intending, we'd have to see how the university is being defrauded.