LYCOS RETRIEVER 
Marc Rich: Switzerland
built 215 days ago
Marc Rich's companies were charged with tax offenses, pleaded guilty and paid a $200 million fine. Rich, probably seeing the writing on the wall, left the country, went to Switzerland and attempted to renounce his
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Belgian-born Rich fled Europe to U.S. with family 1941. Dropped out of NYU, got start in Phillip Brothers mailroom. Rose through ranks with Brooklyn-born Green. Hotshot traders helped build Phibro into then world's largest commodities firm. Created spot oil market 1968, founded Marc Rich & Co. 1973. Traded Iranian crude during hostage crisis, evaded taxes by shipping profits to Switzerland.
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In 1983 Rich and partner Pincus Green were indicted by U.S. Attorney and future mayor of New York City Rudolph Giuliani, on charges of tax evasion and illegal trading with Iran. They were indicted while they were in Switzerland. The pair failed to return to the U.S. following the indictment, and were on the FBI's Most Wanted List for many years.
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According to Tully, the normally reclusive Rich did lots of interviews; interviews where the questions were carefully vetted in advance to avoid incriminating information. And he began a remarkable career as a philanthropist in Switzerland, throughout Europe and in Israel.
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In Switzerland, Rich - who rarely speaks to the press - is closely identified with the commodity trading firm he heads in Zug, south of Zurich, which carries his name. The firm has lately been in talks with Russia's Crown Resources about a possible merger.
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Rich argued that his company, which had offices in Switzerland, was really Swiss and ... its transactions were legal. In a 1992 interview with “Dateline NBC,” the man who called himself a “business machine” left little doubt that national politics or loyalties would interfere with profits.
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