Legendary and notorious trader Marc Rich dies at 78
Jun 26, 2013 | 11:49 AM
| Mark Burton
LONDON Marc Rich, the commodities trader who founded Glencore International Plc and is credited with inventing the spot market for oil, has died after suffering a stroke in Lucerne, Switzerland, a spokesperson said June 26. He was 78.
Rich, who started his career trading alumina at Philipp Brothers Inc. before founding Marc Rich & Co. AG with colleague Pincus Green, came to the attention of the wider world in 1983, when he was indicted in the United States for alleged wire fraud, tax evasion and breaking a trade embargo with Iran. He was later placed on the FBIs "most wanted" list,....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.