Word: marc
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Dates: during 2000-2009
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...last day in office, the man who understands the power of forgiveness better than most issued a list of more than 100 pardons. Tucked in among the names was that of Marc Rich., 65, one of the world's most wanted white-collar fugitives. In 1983, the brilliant, rapacious commodities trader, along with his partner, Pincus Green, was charged with an illegal oil-pricing scheme that amounted to what might be the biggest tax swindle in U.S. history, to the tune of almost $50 million--not to mention trading with Iran during the hostage crisis. The latter charge was later...
...York City hedge-fund manager and a former chairman of the Democratic Leadership Council, was among those who wrote a letter in support of his friend. His note didn't mention that, from the early 1980s through the mid-'90s, Steinhardt managed at least $3 million for Marc Rich, Denise Rich and her father...
Until their pardon last week, Marc Rich and his partner, Pincus Green, faced a truly impressive array of charges. The rogue commodity traders were indicted in 1983 on 51 counts of tax evasion, racketeering, conspiracy, mail fraud, wire fraud and trading with the enemy. Had they not fled to Switzerland, each might have been sentenced to years in prison. The principal allegation against them concerned a scheme from 1980 and 1981, in which their U.S. company made nearly $100 million by selling oil at several times the government-controlled price then in effect. The indictment claimed that Rich's firm...
...have filed their annual financial-disclosure report, we have proof they would. Amid the DVD player and chandelier were $22,000 in china and $18,000 in silverware. Only one gift looks like a quid pro quo: furniture valued at $7,375 from Denise Rich, the ex-wife of Marc Rich, the fugitive tycoon pardoned last week...
...Less visible were Marc Rich's allies in Israel, where his foundation has donated millions of dollars to museums, hospitals and the resettlement of Soviet and Ethiopian Jews. Sources tell TIME that Barak, taking a break from the stalled Middle East peace negotiations, spoke with Clinton several times to vouch for Rich's "humanitarian role in Israel." Other VIPs, including Jerusalem mayor Ehud Olmert and former Mossad head Shabtai Shavit, also wrote letters on Rich's behalf. Shavit said Rich "used his extensive network of contacts" to help Israeli intelligence. In all, Clinton received more than 20 personal letters, some...