By A. Craig Copetas
Marc wealthy -- the main sought after white-collar felony in the USA -- used to be the most profitable steel investors on the earth. ahead of there has been Michael Milken or Ivan Boesky, wealthy rose during the ranks to acquire a multibillion buck fortune within the halcyon days of high-flying commodities buying and selling. yet he did it by means of slicing corners and pulling the wool over the eyes of his rivals. finally his businesses pleaded to blame to 38 counts of tax evasion, paying $90 million in fines. wealthy fled to Switzerland, the place he confronted a possible prison time period of over three hundred years if he ever again to the USA. this can be a tale of greed, corruption, and cash long gone wild, in really astronomical proportions. Posing as a commodities dealer, A. Craig Copetas is going backstage to offer us a riveting, true-to-life portrait of Rich's corrupt international and his impressive break out from the legislations.
Read or Download Metal Men: How Marc Rich Defrauded the Country, Evaded the Law, and Became the World's Most Sought-After Corporate Criminal PDF
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Additional resources for Metal Men: How Marc Rich Defrauded the Country, Evaded the Law, and Became the World's Most Sought-After Corporate Criminal
By all accounts, the halcyon quality of Greenwich Village in the fifties escaped Rich totally. He had been raised to be a trader because his 25 A. Craig Copetas—Metal Men [e-reads] father had been a trader and his grandfather had been a trader and that was all he knew. New York University bored him quickly. His chance to get out came in early 1954. Philipp Brothers, the largest raw-material trading company in the world, was scouring American universities for young men they could snatch and mold into lehrlings—the Yiddish word used to describe young men apprenticing to be traders.
Robbins understood that this strange economic architecture compelled traders never to do anything halfway, and people who deal in such absolutes are destined to cause trouble, particularly on exchanges where political upheavals further distort already manipulative situations. And it was trouble that was percolating on the floor of the London Metal Exchange, the small arena in the City of London, where forty pugnacious dealers from the world’s major metal brokerage houses pounded out the world prices for silver, lead, zinc, aluminum, tin, copper, and nickel.
Not a trader to be outdone on any of life’s commodities, Oscar dispatched his London lehrlings to find and bargain for the largest desk in the British Empire from which he could rule his empire with equal stature. What Oscar lacked in height, however, was more than made up for with the cunning resourcefulness he used to keep the German metal-trading firm alive in Britain during World War I. Britain had a law requiring that all corporate letterheads list the nationalities of directors at the bottom of the page, and Oscar knew that the disclosure would destroy the efforts of Philipp Brothers to establish itself as a trading power in Britain.
Metal Men: How Marc Rich Defrauded the Country, Evaded the Law, and Became the World's Most Sought-After Corporate Criminal by A. Craig Copetas