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Marc Rich

Last mentioned in Zurich : Switzerland
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Marc Rich's Biography

Marc Rich (born Marcell David Reich; December 18, 1934) is an international commodities trader and entrepreneur. He is best known for founding the commodities company Glencore. He was indicted in the United States on federal charges of tax evasion and illegally making oil deals with Iran during the Iran hostage crisis. He was in Switzerland at the time of the indictment and has never returned to the U.S. He received a presidential pardon from U.S. President Bill Clinton on 20 January 2001, Clinton's last day in office.

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Marc Rich News Stories

  • The Democratizing Power of Crowdfunding and the JOBS Act

      News Source: Turks and Caicos Free Press | 3 days ago
    While discussing the stock market over dinner recently, John Mackey, the Founder and CEO of Whole Foods said unequivocally: "I wish crowdfunding had been around when I started Whole Foods." While he did eventually list several positive relationships
  • Kazakhstan – the succession

      News Source: Open Democracy | 1 month ago
    President Nazarbayev has turned Kazakhstan into a Central Asian powerhouse...But there are riches at stake, and people waiting in the wings. Kazakhstan has won kudos from international investors, for having successfully exploited its oil and gas
  • Banking secrets of the wealthy exposed

      News Source: Wellington Dominion | 3 months ago
    From the brother-in-law of Chinese President Xi Jinping to a daughter of the late Philippine dictator Ferdinand Marcos, thousands of the rich and politically connected have been outed as having secret offshore holdings. The International Consortium

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