Talk:Marc Rich

Background

His background into adulthood is rather unclear. If he is from a working class family originally, how does he go to NYU in the 1950's? Also, the explanation of him becoming a commodities trader, for his father seemed a bit unclear. This part and his escape from Belgium, clearly needs work... Stevenmitchell 16:55, 22 March 2006 (UTC)

How did he get out of Belgium in 1942? Bastie 21:51, 28 October 2005 (UTC)

Yes, Germany already occupied Belgium by 1942. How did they "emigrate" in 1942? 194.215.75.17

'Working class' might have well meant that his father was cutting diamonds in Antwerp, not as an entrepreneur but for an hourly wage. Given that, he might have had a diamond or two to bribe German occupying troops and pay for the trip. Several things are sus. 1. if someone says 'working class background' and cannot say anything further that could mean anything and everything. I would say it was probably not something kosher. 2. A European Jew going to Kansas is also sus. But if you've betrayed someone in Europe you could be quite safe in Kansas. 3. It doesn't say what the father did between arrival there and opening the jeweller store. Where did he have the capital for such a store from? With all the diamond business in Antwerp he was probably in that and hence chose a jeweller's store for his business. 4. My experience is that certain people speak many languages, especially those in the diamond trade in Antwerp. The father was probably translating/transcribing phone calls, documents between Flamish/Dutch/Afrikaans, French, German, English, Polish etc. We all know that the secret services during the war employed thousands of people, but curiously nobody ever emerges who says he was there or his father was there. When there was no longer a danger, he could open a store. This is just meant as exploring possible scenarios and give a picture of the times. 121.209.56.38 (talk) 03:51, 27 June 2014 (UTC)

Hearing

Hearing re-aired on C-SPAN3 this weekend

http://inside.c-spanarchives.org:8080/cspan/cspan.csp?command=dprogram&record=164327481

House Committee Presidential Pardons, Part 2 Government Reform and Oversight Washington, District of Columbia (United States) ID: 162914 - 2 - 03/01/2001 - 2:57 - $180.00

     Libby, I. Lewis, Chief of Staff, White House
     Kadzik, Peter, Attorney
     Fink, Jim, Attorney

Attorneys testified about their involvement in obtaining a presidential pardon for financier Marc Rich.

Buy a pardon

clinton pardoned him? why? because the wife gave money?

Probably not. Had Rich not been pardoned it would have become apparent to the IRS/ex-pat tax people where he made money and how because he would have needed to reveal his earnings and pay tax on it. By pardoning him - his tax liabilities - activities in Russia, Iran, Irsrael etc. could stay hidden. Just another example of 'protection'.58.174.224.4 (talk) 04:28, 26 April 2015 (UTC)

Some of his activities are described with reference in the below section Interesting Info. What I am really curious about is how much money did the US Treasury lose when Clinton nixed Rich's tax liabilities through the pardon? Should that right of a President not be nixed? That is too much power, costing the US taxpayer that kind of money - and it's all nicely hidden from the average Joe taxpayer. 2001:8003:A072:4800:950B:6251:3B6:9FD4 (talk) 03:53, 4 June 2017 (UTC)

Glencore

Marc Rich did not found Glencore, and therefore it is incorrect to call it his heritage.

in 1993 Marc Rich sold the trading division of the "Marc Rich + Co Holding AG" to the Management (his former partners). They then created Glencore.

Wow, he raised a whole $135,000 for charity? Truly, one of the world's great givers.

Pardon reference

The sentience stating two prominent professors opinion that no crime was committed gave the New York Times as a reference. While this is true, the reader is unaware that the author of the piece was Bill Clinton and not a New York Times reporter.

Scooter Libby

The reference to Scooter Libby acting as Rich's attorney is interesting, coincidental and politically apropos. Is this actually true? Without a reference, it should definitely be pulled.

WikiProject class rating

This article was automatically assessed because at least one article was rated and this bot brought all the other ratings up to at least that level. BetacommandBot 23:20, 27 August 2007 (UTC)

The piece isn't clear on the disposition of the charges: Was there a trial? Was he convicted in absentia? What happened?68.79.183.55 01:56, 3 September 2007 (UTC)

Private Life

"He is scheduled to receive the same honor from Ben-Gurion University on November 18, 2007." So did he? —Preceding unsigned comment added by 76.18.82.93 (talk) 19:52, 12 March 2008 (UTC)

Fleeing

the intro says Rich fled while being prosecuted, but later on the article says he was indicted while in Switzerland and never returned. These can't both be right. Anyway, the US doesn't hold trials in absentia so the second version sounds unlikely.

Correct. Rich was never tired or convicted. He and Pincus Green were indicted and were fugitives from the United States but never stood trial nor were they actually convicted as noted in the pardon application itself (which is talked about in this 2001 article). – Lestatdelc (talk) 05:42, 11 December 2008 (UTC)

Lost 10-15 million

I am sorry. I removed this material and marked the edit summary as unsourced. Her is the citation [1] from this article [2]. It uses an unnamed source? I would leave this out per BLP? Any other takes? Thanks, Tom 00:16, 15 March 2009 (UTC)

What about the new book about Rich?

There is a new biography out about Marc Rich: The King of Oil - The Secret Lives of Marc Rich (St. Martin's Press). The New York Times reports that Rich gave more than 30 hours of interviews to the author. Anybody read it? —Preceding unsigned comment added by 67.247.7.127 (talk) 22:25, 29 October 2009 (UTC)

Spot oil

It is hard to believe that Marc Rich created the spot oil market at any time. —Preceding unsigned comment added by 86.180.182.155 (talk) 15:36, 2 December 2009 (UTC) Oil has been traded since 1861, well before the 1970's. —Preceding unsigned comment added by 86.180.182.155 (talk) 15:28, 10 December 2009 (UTC) See Price of petroleum. —Preceding unsigned comment added by 86.180.182.155 (talk) 15:45, 10 December 2009 (UTC) There has been some trading in oil since 1859. See www.anaga.ru The Forbes site speaks of 1968, not the 1970's. —Preceding unsigned comment added by 81.147.114.85 (talk) 12:13, 11 December 2009 (UTC) The theory that Marc created the spot oil market has now vanished. —Preceding unsigned comment added by 86.184.201.103 (talk) 09:46, 19 April 2010 (UTC)

I changed the wording from 'created' to 'greatly expanded' to reflect the fact that the spot market has existed since the 19th century, but that Rich used it on an unprecedented large scale.American In Brazil (talk) 15:09, 6 July 2013 (UTC)

I have deleted the lying spam again. — Preceding unsigned comment added by 81.155.53.143 (talk) 19:00, 26 February 2014 (UTC)

No detail

No details of the imitations of Glencore are given. I want detail. —Preceding unsigned comment added by 86.184.201.103 (talk) 09:45, 19 April 2010 (UTC)

Secret pipeline between Iran and Israel? Is that still there and where? 121.209.56.202 (talk) 02:18, 22 March 2014 (UTC)

Like you, I am wondering if a secret pipeline can exist.

Photo

Now that he has passed on, it would be an improvement to have his photo. The New York Times and Washington Post obituaries had two photos each. Also, the ´Legacy´section is unclear as to which corporations were successors, or any other business information. — Preceding unsigned comment added by American In Brazil (talk • contribs) 14:28, 28 June 2013 (UTC)

Interesting info

"In 1993, his yearly turnover on ex-Soviet territory ran to $ 3 billion, up half a billion over the year before. Only a tenth of this went to Russia and the other ex-Soviet republics." from 'Crime without Frontiers' (The worldwide expansion of organised crime and the Pax Mafiosa) by Claire Sterling, Warner Books 1995, page 257. Referenced to Commersant, March 16, 1993. 121.209.56.202 (talk) 02:28, 22 March 2014 (UTC)

Claire Sterling was a CIA master spy and disinfo-agent. In 1998 Bill Clinton and Rich were selling Russia by the pound... Rich’s attorneys Peter J. Kadzik, a life long fried of John Podesta, was in charge of the cover-up the Hillary-Clinton-email-scandal.--87.156.230.56 (talk) 19:45, 18 July 2017 (UTC)

"No evidence of criminal activity" confusing

It says, "Federal investigators ultimately found no evidence of criminal activity."

The article should be more clear this is about whether granting the pardon itself is criminal.

It's undisputed that there was criminal tax evasion, since Rich's companies pled guilty in the underlying matter.[3]

Another source (Bloomberg) notes that there were no charges for granting the pardon: "The FBI unexpectedly released 129 pages of documents related to an investigation closed without charges in 2005 into President Bill Clinton’s pardon of Marc Rich, who had been married to a wealthy Democratic donor." Mattflaschen - Talk 02:06, 23 July 2017 (UTC)

This statement should be deleted "No evidence of criminal activity" is factually incorrect both in terms of tax evasion and breaching US sanctions on Iran, which would amount to a criminal not civil case. The reference sited: https://archive.today/20130628042753/http://www.washingtonpost.com/business/financier-marc-rich-who-fled-to-switzerland-in-1983-and-was-pardoned-by-clinton-dies-at-78/2013/06/26/c4b9f642-de44-11e2-bc84-8049224b33e1_story.html Can not be accessed in full however the first part of the article which is currently available does NOT suggest there was "no evidence of criminal activity". — Preceding unsigned comment added by StephenCrane777 (talk • contribs) 21:53, 23 November 2023 (UTC)

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Planned Extradition?

The former minister of Justice of Switzerland published the following article in a popular weekly Suisse newspaper, "Weltwoche", in 2015

https://www.weltwoche.ch/ausgaben/2015-24/artikel/us-justiz-wir-haben-gelernt-uns-gegen-grosse-zu-behaupten-die-weltwoche-ausgabe-242015.html

maintaining the US were about to hijack Rich.

Two involved US citizen were forced to leave Switzerland because of that, the German wikipedia states additionally, quoting this source which is partly behind a paywall.

Joerg Plone — Preceding unsigned comment added by 92.116.154.65 (talk) 09:04, 7 September 2019 (UTC)