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What was the popular or political response to the Ivar Kreuger - The Match King scam?

What was the popular or political response to the Ivar Kreuger - The Match King scam?

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Answer #1

Ivor Kruger,the match King scam was related to fraud in the stocks by greatest swindler in the history.

He lured a large number of Investor by offering them large sum of dividend by raising money from the public so it was a ponzi scheme which was done in order to hold the public and due to the crash of 1929, his fund was not able to get with the required oxygen and hence his fraud was discovered and he shot himself.

Popular political response to the scam was related to the formation of the general accounting accepted principle and securities and exchange commission was established in order to keep a control over such transaction and persons.

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