LYCOS RETRIEVER
Pincus Green
built 154 days ago
The front-page story by Harris and Grimaldi quoted Clinton as saying the pardons of Rich and financier Pincus Green were "in the best interests of justice" and that he had "legal and foreign policy reasons" for granting the pardons. The story went on to characterize the former president as "mournful," saying that he implied ongoing political hostility toward him was fueling the criticism. The reporters pointed out that the op-ed piece didn't contain anything Clinton had not already said in brief interviews. They ... referred to the column as one element of a "damage control" campaign launched by Clinton loyalists.
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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. Both of them fled to Switzerland before a court appearance, and they remained on the FBI's Most Wanted List for many years.
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Until their pardon last week, Marc Rich and his partner, Pincus Green, faced a truly impressive array of charges. The rogue commodity traders were indicted in 1983 on 51 counts of tax evasion, racketeering, conspiracy, mail fraud, wire fraud and trading with the enemy. Had they not fled to Switzerland, each might have been sentenced to years in prison. The principal allegation against them concerned a scheme from 1980 and 1981, in which their U.S. company made nearly $100 million by selling oil at several times the government-controlled price then in effect. The indictment claimed that Rich's firm bought petroleum for as little as $5 per bbl., then ran the crude through a series of complex transactions that obscured its origin before selling it back to a Rich subsidiary at a markup as high as 400%. Much of the profit went to a Rich company in Switzerland, which paid no U.S. taxes on the allegedly ill-gotten gains.
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[H]e and his business partner, Pincus Green, were caught and indicted on 65 counts of trading with the enemy, tax evasion, wire fraud, racketeering, and other felonies. Rich could have gotten 300 years in prison, but instead he fled the country in 1983 and has been a fugitive from justice ever since. This is the fellow of whom Bill Clinton has said that he never should have been indicted on criminal charges, that his offenses were only of a civil nature. Really! That's one of Mr. Clinton's principal excuses for pardoning Marc Rich: the man isn't really a criminal. He may have broken a few minor rules and perhaps civil penalties were appropriate, but certainly not criminal charges.
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In addition to litigation, Sidkoff, Pincus & Green provides counseling, strategic planning and advice to corporations, partnerships and other forms of businesses. The firm's experience in bringing and defending lawsuits has equipped its lawyers with valuable insights about how their business clients can avoid trouble by taking precautionary steps. Moreover, the firm has had a strong record in assisting business clients in obtaining financing, mergers and being acquired.
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Prior to Sheller Ludwig & Badey, George was an associate at Sidkoff, Pincus & Green in Philadelphia. He participated in antitrust, shareholder, civil rights, racketeering, whistleblower and securities litigation. George ... worked as an intern to Judge Lowell Reed of the Eastern District of Pennsylvania from 1997-1998.
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