By Craig A. Copetas
Marc wealthy -- the main sought after white-collar legal in the United States -- used to be some of the most profitable steel investors on this planet. prior to there has been Michael Milken or Ivan Boesky, wealthy rose in the course of the ranks to accumulate a multibillion buck fortune within the halcyon days of high-flying commodities buying and selling. yet he did it through slicing corners and pulling the wool over the eyes of his rivals. ultimately 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 back to the U.S.. this can be a tale of greed, corruption, and cash long past wild, in actually astronomical proportions. Posing as a commodities dealer, A. Craig Copetas is going behind the curtain to offer us a riveting, true-to-life portrait of Rich's corrupt international and his magnificent get away from the legislation.
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Additional resources for Metal Men; Marc Rich, the $10 Billion Scam (1985)
Ullmann was tough and fear-inspiring, but he also had a motherlode share of Philipp Brothers compassion: In the 30 [e-reads] A. Craig Copetas—Metal Men mid-thirties, a trader needed a few thousand dollars to make ends meet and took an unauthorized cash advance. Ullmann found out about it and tore into the trader like a buzz saw. Calming down a bit, Ullmann finally inquired why the trader didn’t come to him for the money. The trader shook his head back and forth. Ullmann took out his personal checkbook and asked the trader how much he needed, no questions asked.
Like dozens of other metal merchants who had heard the death knell in London and New York, Robbins gripped his telephone with a sweaty palm and punched out numbers, trying to scoop up gold, silver, and platinum; there was no official confirmation yet from the White House press office, but New York metal traders kept insisting that the presidential corpse was already cold. That was all Robbins needed to know. One report from the floor of COMEX in New York (the largest goldbuying and -selling supermarket in the world) claimed that the White House physician had lifted Reagan’s eyelids to discover a deposit of yeasty shards scattered throughout the optic membrane.
His hair the proper length, his clothes never muddy from the playground, Marc Rich moved on to Westport Junior High School. And although he became a United States citizen on St. Valentine’s Day, 1947, his life at Southwest High School in 1949–50 was not an endless summer of malt shops, football games, and cheerleaders in the back seat of dad’s DeSoto. Marc Rich did, however, become a Boy Scout; thus the summer of 1949 found him at Camp Osceola in the Ozark Mountains. “He kept to himself,” remembered Calvin Trillin, a New Yorker magazine writer who, as a teenage camper, lived for two weeks with Rich in the same “chigger-filled” tent.