Marc Rich (born Marc David Reich on December 18, 1934) is an international commodities trader. He fled the United States in 1983 to live in Switzerland while being prosecuted on charges of tax evasion and illegally making oil deals with Iran during the hostage crisis.
He received a presidential pardon from United States President Bill Clinton in 2001, which required him to pay a $100 million fine before the charges would be dropped.
Most recently, Marc Rich was linked to former United States Vice Presidential Chief of Staff Lewis "Scooter" Libby. Libby served as Rich's lawyer as far back as 1985 and charged him US$2 million for legal fees.
Rich was born to a Jewish working class family in Antwerp, Belgium in 1934. The Riches immigrated to the United States in 1942 to avoid the Nazis. Young Marc attended high school at the Rhodes School in Manhattan. He later attended New York University, but dropped out after one semester to go work for Philipp Brothers
2007-02-05
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