Pardoned U.S. commodities trader Marc Rich dies at 78 in Switzerland

BERNE, Switzerland, June 26 (UPI) -- Marc Rich, Glencore founder and controversial commodities trader who fled the United States to avoid federal indictments, died in Switzerland, his company said.

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Specter wants Holder's confirmation slowed

WASHINGTON, Dec. 10 (UPI) -- U.S. Sen. Arlen Specter, the ranking Republican member of the Judiciary Committee, says he wants to slow the confirmation of Eric Holder for attorney general.

Holder played bigger role in Rich pardon

WASHINGTON, Dec. 2 (UPI) -- U.S. Attorney General-designate Eric Holder's role in a presidential pardon granted to a fugitive is greater than he has admitted, The New York Times reported.

McCain, Obama attack advisers

WASHINGTON, June 13 (UPI) -- Barack Obama and John McCain, the almost certain U.S. presidential nominees of their respective parties, are debating whose advisers are shadier, CNN reported.

GOP aims at second Obama adviser

WASHINGTON, June 13 (UPI) -- Republicans were reported aiming at another top adviser to Sen. Barack Obama, D-Ill., Friday after forcing out the head of his vice presidential search team.

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UPI Almanac for Thursday, Oct. 11, 2007.
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Today is Tuesday, Oct. 11, the 284th day of 2005 with 81 to follow.
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Grand jury probes Marc Rich-Saddam link

WASHINGTON, Dec. 17 (UPI) -- A federal grand-jury is investigating pardoned financier Marc Rich's role in the U.N. oil-for-food scandal, the Washington Times said Friday.

U.S. financiers tied to Iraqi oil scandal

NEW YORK, Dec. 2 (UPI) -- ABC News reported Thursday former U.S. fugitive financier Marc Rich was involved in several of the suspect oil deals conducted by Iraq in February 2001.

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Today is Monday, Oct. 11, the 285th day of 2004 with 81 to follow.
By United Press International

Billionaire Marvin Davis dies at 79

HOLLYWOOD, Sept. 26 (UPI) -- Marvin Davis, the wealthiest man in Los Angels for 20 years who once owned the 20th Century Fox studio, has died at his Beverly Hills, Calif., home at age 79.

Analysis: Budgeting without the brakes

WASHINGTON, Jan. 21 (UPI) -- President George W. Bush's State of the Union address Tuesday contained one notable omission. It failed to propose any credible plan whereby the federal budget
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Marc Rich
WAP2001030199 - 01 MARCH 2001 - WASHINGTON, DC, USA: Chairman of the House Committee on Government Reform Dan Burton (R-IN) listens to testimony during a hearing about the Marc Rich pardon March 1, 2001, on Capitol Hill in Washington. rlw/Roger L. Wollenberg UPI

Marc Rich (born Marc David Reich on December 18, 1934) is an international commodities trader. He created the spot market for crude oil in the 1970s . He was indicted in the United States on federal charges of illegally making oil deals with Iran during the late 1970s-early 1980s Iran hostage crisis and tax evasion. He was in Switzerland at the time of the indictment and has never returned to the U.S. He subsequently received a presidential pardon from U.S. President Bill Clinton on January 20, 2001, Clinton's last day in office.

Rich was born to a Jewish working-class family in Antwerp, Belgium, in 1934. His family immigrated to the United States in 1942 to avoid the Nazis. Rich attended high school at the Rhodes Preparatory School in the Manhattan borough of New York City, New York. He later attended New York University, in Manhattan, but dropped out after one semester to go work for Philipp Brothers (now Phibro LLC). Rich worked as a commodities trader for his father, who sought to build an American manufacturing fortune through burlap-sack production.

Rich married Denise Eisenberg, a songwriter and an heiress to a New England shoe manufacturing fortune, in 1966. They divorced in 1996; she continues to use the name Denise Rich. They had three children.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Marc Rich."
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