Metal Men: How Marc Rich Defrauded the Country, Evaded the by A. Craig Copetas

By A. Craig 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 the earth. prior to there has been Michael Milken or Ivan Boesky, wealthy rose throughout the ranks to acquire a multibillion buck fortune within the halcyon days of high-flying commodities buying and selling. yet he did it by way of slicing corners and pulling the wool over the eyes of his rivals. finally his businesses pleaded in charge to 38 counts of tax evasion, paying $90 million in fines. wealthy fled to Switzerland, the place he confronted a possible detention center time period of over three hundred years if he ever again to the us. this can be a tale of greed, corruption, and funds long gone wild, in actually astronomical proportions. Posing as a commodities dealer, A. Craig Copetas is going backstage to provide us a riveting, true-to-life portrait of Rich's corrupt global and his really good break out from the legislations.

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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

Sample text

In good times, people have a tendency to overspeculate on what the market has to offer. They take exaggerated chances, do everything possible to be in on a quick-kill scheme—and metal dealing is guerrilla economics of the highest order: behind-the-lines business, in and out. Fast. 9 A. Craig Copetas—Metal Men [e-reads] Rich did the unexpected for the sheer joy of seeing if he could get away undetected. He played by his own rules because the standard rules did not give him access to the deal-making power he craved.

Like the huge wooden desk that is still in the London office as a monument to the elfin might of Oscar Philipp, Derby remains one of the operating names for Philipp Brothers in England. 28 A. Craig Copetas—Metal Men [e-reads] But the most important decision that would ever be made at Philipp Brothers took place an ocean away, inside the Woolworth Building during the final days of the American Depression. It was in those grim hours before the outbreak of World War II that Siegfried Ullmann, who followed Bendheim to America to run the brothers’ New World operation, sent a cable telling distant cousin Ludwig Jesselson in Berlin to catch the next boat to New York City.

Craig Copetas—Metal Men [e-reads] warehoused. But before calm could be restored, the speculators set off fluctuations in tulip futures that sent the cost of a single well-formed bulb upward of $100,000. The public started betting on what the price and quality of next week’s tulip shipments would be, and shiploads of tulips were kept floating offshore until traders forced up their price. A baffling code of tulip trading laws was drawn up, and professional tulip investigators were empowered to enforce them throughout Europe.

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