- Mich. judge to laughing convicted killer: ‘I hope you die in prison’
- Man charged in Kansas City-area highway shootings
- Keystone XL pipeline still on hold after State Dept. decision
- Fla. man charged with killing 16-month-old son to play Xbox undisturbed
- Drones from the deep: Pentagon develops ocean-floor attack robots
- Michigan mayor slaps back atheists’ try to erect ‘reason station’ at city hall
- PHILLIPS: Where is the conservative establishment?
- 7.5-magnitude earthquake shakes southern Mexico
- ISTOOK: IRS “wants to throw us in jail,” says tea party leader
- Easter woes: Chocolate costs soar, becoming ‘unaffordable’ luxury
Marc Rich dies: ‘King of Commodities’ known for President Bill Clinton pardon
Marc Rich, the “King of Commodities” trader who fled to Switzerland in 1983 to avoid federal prosecution on more than 50 fraud and racketeering charges — and who was pardoned by President Bill Clinton in 2001 — died Wednesday at the age of 78.
He died in Switzerland and will be buried in Israel on Thursday, said his spokesman, Avner Azulay, in The Associated Press. No other details were given.
Among Mr. Rich’s many charges: Evading more than $48 million in taxes and trading with Iran at the time the United States was trying to negotiate the release of hostages at the U.S. Embassy. He faced up to 300 years in prison and was on the FBI’s Most Wanted List.
Mr. Clinton awarded him the pardon in his final hours in the White House — literally, just hours before George W. Bush was due to assume the office, on Jan. 20, 2001.
Federal Election Commission records later revealed that Denise Rich, Mr. Rich’s songwriting ex-wife, donated more than $200,000 to the Democratic Party a year before the pardon was granted, at a time when attorneys were pressuring the Justice Department — unsuccessfully — to let go the case. Attorneys for Mr. Rich then turned to Mr. Clinton for the pardon.
Ms. Rich was also accused of giving campaign money and furniture to Hillary Rodham Clinton to help further her ex-husband’s pardon. Federal investigators never found any proof of wrongdoing.
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
About the Author
Cheryl Chumley is a continuous news writer for The Washington Times. Previously, she was part of the start-up team for The Washington Times’ digital aggregation product, Times247. She’s also a 2008-2009 Robert Novak journalism fellow with The Phillips Foundation. She can be reached at email@example.com.
- Military urged to stay away from National Day of Prayer event
- Ole Miss fraternity shut after 3 accused of tying noose on statue of black student
- Michigan mayor slaps back atheists' try to erect 'reason station' at city hall
- Nancy Pelosi washes immigrants' feet in humble Holy Week act — then promotes on Twitter
- Ben Carson presidential PAC outpaces Hillary, GOP
Latest Blog Entries
TWT Video Picks
- Harry Reid blasts Bundy ranch supporters as 'domestic terrorists'
- Immigration still on hold: Boehner's office
- Inside China: Marine's comment on islands draws sharp Chinese response
- Supreme Court weighs appeal to concealed-carry gun laws
- PRUDEN: When a bored president just 'mails it in'
- Nancy Pelosi washes immigrants' feet in humble Holy Week act then promotes on Twitter
- Atheists rush to stage Easter display: 'Jesus Christ is a myth'
- BRUCE: Obama deliberately emboldening America's enemies
- Army goes to war with National Guard, seizes Apache attack helicopters
- Critics rail against liberal bias for commencement speakers
Top 10 handguns in the U.S.