Locate Long Term Capital Holdings, 330 F. Supp. 2d 122 (D. Conn. 2004), and answer these questions.

Question:

a. The name Scholes is cited often in this case. Who is he?

b. How large of a special partnership allocation did Scholes receive for his work on the OTC tax shelter scheme (around p. 123 of the decision)?

c. Scholes, a Nobel Prize winning author, claimed that he lacked detailed tax knowledge. Do you believe that statement?

d. Was there a conflict between Scholes and the investment banker?

e. On page 72 of the court opinion, who said "if we are careful, most likely we will never have to pay long-term capital gains on the 'loan' from the government?"

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