Red Swallow Freight was a company with a near monopoly on international trade stationed in Borrel, the former capital of Pemembras. It was a massive part of the local economy, bringing in millions of aunders in profits to Borrel a year. It was owned by Recnor Morceff, a savvy businessman whose wife Valencia Morceff had died of suicide several years past.
In spring of 768, Morceff’s son and heir was caught in a magical explosion. The nineteen-year-old son was supposedly sent to a clinic outside of Themble to treat his failing eyesight. Morceff’s niece, Genaia Morceff, became the new heir apparent.
However, in spring of 769, Red Swallow Freight was accused of money laundering, smuggling, and tax embellishment and invasion through an anonymous source. This accusations came with substantial evidence and proved to be true. By the end of the year, Red Swallow Freight was forced to file for bankruptcy. To avoid a trial and the following jail sentence, Recnor Morceff fled Themble. His heir, Genaia Morceff, was proven mostly innocent, and after paying considerable fines, was cleared of all charges.
The fall of Red Swallow Freight was a considerable hit to the Pemembran economy, as the monopoly revealed the illegal activities of several other companies. King Tepen Ranco was accused of his own fair share of bribery, discrimination, and money laundering, but was judged innocent by the justice system (which so happened to be controlled by his daughter, Princess Fallow). However, the faith of the people, already weak, was shaken further.
It is believed that the fall of Red Swallow Freight and the resulting weakening of Pemembras’ economy was a major reason that the Pemembran government failed to prevent the Black King’s invasion after two years of war.