One case writeup, one discussion and two replies
- 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.
- What is much more important is the issue at law – the dispute about what the law means or how it should be interpreted.
- What was the majority of the court’s decision in the case, and – more importantly – what was the basic reasoning behind this decision?
- If you are asked to read a dissent in the case, what was the decision and reasoning in the minority?
- Do you agree or disagree with the court’s decision? Explain why.
This week we also have one case writeup which I am going to send you over now. And please include your references in the response. You can cite certain external references as well to support your argument.
This is this week’s discussion question:
Historic Financial Scam: Eddie Antar — Crazy Eddie
Please research the above historic financial scam that connects to our laws today, present your learning to your group, learn from group members’ posts, and have conversations with others. Each original discussion post should explain: (please include 2-3 external references)
- Who are the key players?
- What was the financial scam or scheme?
- What laws were violated? Or, if the scam is really old, what current laws would have been violated?
- What was the response to the scam of government regulators? Did it lead to any changes in the law?
I will send you over this week’s lectures as well.
I will send you the other two students’ post later once they post them. You can work on the case writeup and the original discussion post first 🙂
Answer preview
Eddie Antar is a famous investor who used corrupt practices to sustain his company. The investor started an electronic store called Crazy Eddie, which did very well but later fell due to fraud activities that Eddie practiced to sustain the company. As the key players in Crazy Eddie’s frauds, Eddie and some of his relatives facilitated the greatest history of financial scams, which modern investor uses to learn. One of the scams that Eddie performed includes under-reporting the profit to avoid paying higher tax bills (Perri, Brody, & Paperny, 2014). He made sure that the company’s bank account contained only the amount that he wanted to be charged for taxes. Eddie saved the rest amount of the money into other different accounts to avoid being noticed. He could also pay employees using cash to avoid being suspected by regulatory agencies. This financial scam worked because the company grew more than its competitors. As the company grew, Eddie could not hide profit anymore, and therefore he thought about another scam. This time he exaggerated profits by adding fake figures to sustain a higher price share than the competitors.
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