Rogue trader dies aged 78
MARC Rich, the commodities trader who fled the US to avoid arrest during the 1980s, has died at 78. The businessman, lauded for inventing the spot-oil market, was once one of the most wanted white-collar fugitives in history.
After leaving the US, he founded a commodities trading company that became the forerunner of today's Glencore Xstrata. He fled to Switzerland hours before being indicted in 1983. He was later pardoned by Bill Clinton.