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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

  • Vitol: Tough work but staff stay loyal due to huge bonuses

      News Source: The Independent | 6 days ago
    When it comes to the financial industry's richest and most risk-taking executives, few top those in the world of energy trading. With high-level contacts in governments, boardrooms and even the secret services, their decisions can make or break
  • Landmark tax evasion law kicks in

      News Source: Politico | 19 days ago
    One of President Bill Clinton's most controversial acts was a last-minute pardon to infamous tax evader and oil king billionaire Marc Rich, listed among the FBI's Ten Most Wanted for years. To many, forgiveness for the man hiding out in Switzerland,
  • Zero tax bill on $15b income

      News Source: Sydney Morning Herald | 1 month ago
    Research from the Australia Institute this week identified $17.6 billion in government subsidies and assistance for the mining industry. As the third largest resources group in the country after BHP and Rio Tinto, Glencore is a beneficiary of this

Marc Rich Blogs

  • ULAA puts all of its eggs in one basket : The Liberian ...

      Blog Source: | 3 months ago
    Ask Marc Rich, the fugitive financier who has multiple other citizenships but has not been able to get rid of his U.S one. To start the renunciation procedure, you have to be outside of the United States and swear your oath of renunciation to a .
  • A rigidity-based theory of executive compensation

      Blog Source: | 3 months ago
    Rudy Giuliani, the prosecutor who successfully prosecuted Milken, stated that he would have supported a presidential pardon for him had Bill Clinton considered it (you'll recall that Clinton instead pardoned Marc Rich). Giuliani based his ...
  • The Faces Of Racism | The Daily Rant: Conservative Mychal ......

      Blog Source: | 3 months ago
    He was instrumental in the pardon of fugitive Marc Rich in the final days of the Clinton presidency and rationalized his decision by saying there were “national security benefits.” WHAT? Lastly, he persuaded Bill Clinton to commute the ...

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