Your write-up should be 1 to 2 pages, single spaced, at standard type face (12 or 14 point).
It should briefly (in very few sentences) lay out the basic facts of the case. These are usually generally agreed upon by the time it gets to final appeal stage; i.e., the Supreme Court of a Federal District court.
discussion should be 1.5pages
1. Case write-up requirement:
1. Your write-up should be 1 to 2 pages, single spaced, at standard type face (12 or 14 point).
3. What is much more important is the issue at law – the dispute about what the law means or how it should be interpreted.
4. What was the majority of the court’s decision in the case, and – more importantly – what was the basicreasoning behind this decision?
5. If you are asked to read a dissent in the case, what was the decision and reasoning in the minority?
6. Do you agree or disagree with the court’s decision? Explain why.
7. Please include your external references in the end.
Answer preview
The founder of Kreuger & Toll Inc., Ivar Kreuger, started small by creating a family-based match business. According to Alalehto (2014), Krueger‘s company expanded to a multimillion match empire since he had manufacturing operations in about 36 countries. The founder also enjoyed monopolies in 16 nations and managed 40% of match production globally (Alalehto, 2014). Interestingly, his businesses flourished despite there being economic and political hitches during the interwar period. Kreuger’s excessive wealth accumulation was not genuine with a tale of forged documents, obscured misappropriation of funds, and falsified accounts.
Also known as the “Match King,” Kreuger was the key player in the historical financial scam. He managed to play around with finances, which helped him create an empire of businesses from his profits. Kreuger had a business partner, Paul Toll, a civil engineer like him, who concentrated on the building of firms (Alalehto, 2014). However, Kreuger was in charge of negotiating contracts and organizing how to finance the projects. Hence, this position made it possible for him to come up with financial schemes.
Through his Match business, Kreuger came up with unique capitalizing techniques, categorized as the Ponzi scheme. In the late 1920s, Kreuger acted as a supplier and broker during the international finance period (Alalehto, 2014; Partnoy, 2009). He offered considerable loans to Latin America and Eastern European countries in exchange for Match monopoly privileges in specific nations that needed emergency credits. In the process of lending loans, Kreuger would use fake financial statements and companies to increase shares. Due to liquidity problems later on, in 1929, Kreuger had to take short-term loans, which decreased his businesses’ value. According to Alalehto (2014), he adopted the double bookkeeping approach and provided false information about securities’ validity when negotiating loans. Hence, such problems were a financial burden to Kreuger, and his empire collapsed in 1932 after his demise.
