Saturday 20 January 2018

Rogue trader dies aged 78

Swiss billionaire Marc Rich
Swiss billionaire Marc Rich
Sarah McCabe

Sarah McCabe

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.

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business