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Background Information about Marc Rich
Marc Rich (born Marcell David Reich; December 18, 1934 – June 26, 2013) was an international commodities trader, hedge fund manager, financier and businessman. A creator of the spot market for crude oil, he became one of history’s most financially successful commodities traders. He was best known for founding the commodities company Glencore and for being indicted in the United States on federal charges of tax evasion and illegally making oil deals with Iran during the Iran hostage crisis. He was in Switzerland at the time of the indictment and never returned to the U.S. He received a presidential pardon from U.S. President Bill Clinton on January 20, 2001, Clinton’s last day in Office.