LYCOS RETRIEVER 
Pincus Green: Denise Rich
built 136 days ago
One of the most successful commodity traders in the world, Rich and his business partner Pincus Green were indicted in September 1983 for evading $48 million in taxes. As part of these tax-evasion schemes, they were ... initially charged with selling oil in violation of a trade embargo that the United States had imposed against Iran, but this charge was later dropped. Rich was already in Switzerland at the time and has thus escaped extradition since Switzerland's extradition treaty did not cover Rich's alleged crimes.
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The pardons against Rich and Green in particular raised a number of red flags. Rep. Dan Burton (R-IN – pictured, left), Chairman of the House Government Oversight Committee has called upon Denise Rich to appear before his committee, to which she declined citing her Fifth Amendment rights against self-incrimination. As such, Burton has asked the Justice Department to delay granting her immunity in exchange for her testimony. She has ... done likewise (plead the Fifth) to the Senate Judiciary Committee as well. One cannot help but wonder what Denise Rich has to hide. Only time will tell.
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As a relatively unknown federal prosecutor, Rudy Giuliani made himself a public figure with the prosecutions of several Wall Street financiers in the eighties, including Marc Rich, Pincus Green, Ivan Boesky and Michael Milken. He pioneered the use of anti-organized crime statutes, such as RICO, to go after Wall Streeters. But that hasn’t stopped him from winning friends in the finance industry. Aides formulating his presidential campaign—as detailed in a batch of documents obtained by the Daily News—hope to raise millions from prominent names in the financial world, including KKR’s Henry Kravis and Goldman Sachs’ Lloyd Bankfein.
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At the peak of the investigation, days before they were indicted, Rich and Green left the country for Switzerland. They renounced their American citizenship, eventually becoming dual citizens of Spain and Israel, and consequently avoided extradition. Since then, Rich has been suffering his exile in style, running what is now considered to be the largest commodities trading company in the world. In the meantime, his former wife has spent hundreds of thousands of dollars on Democratic Party causes, including campaigns for both Clintons, and donated some of the furniture items that the political pair took from the White House as a parting gift.
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Rich and Green, according to a few sources, were in Europe at the time of the negotiation. When Weinberg told Bennett, "No deal," the two businessmen decided not to come back. Three months later, a federal grand jury handed down an indictment for fraud, tax evasion and trading with the enemy.
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Now that Clinton is out of office, Specter is publicly talking about the possibility of impeaching Clinton retroactively for his pardon of fugitive financier Marc Rich and his business partner Pincus Green. The reasoning is that abusing the presidential pardoning power in order to accept a bribe would be an impeachable offense which, if proven, would still require punishment. Since Clinton still draws a presidential pension and benefits from Secret Service protection, a retroactive impeachment makes sense to Pennsylvania's senior senator.
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Denise Rich