Marc Rich life and biography

Marc Rich picture, image, poster

Marc Rich biography

Date of birth : 1934-12-18
Date of death : 2013-06-26
Birthplace : Antwerp, Belgium
Nationality : Belgian
Category : Famous Figures
Last modified : 2014-01-31
Credited as : Businessman, tax evasion, U.S. federal court

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Marc Rich was an international commodities trader. He was indicted in the United States on federal charges of illegally making oil deals with Iran during the late 1970s-early 1980s Iran hostage crisis and tax evasion. He was in Switzerland at the time of the indictment and has never returned to the U.S.

Businessman Marc Rich was convicted in U.S. federal court in 1983 of tax evasion, racketeering, and other charges related to Rich's oil deals with Iran during a U.S. embargo. Rich sought asylum in Switzerland. His ex-wife Denise Rich continued to live in the United States, where she was an active supporter of the Democratic Party and contributed money to the presidential library fund of Bill Clinton and to the 2000 Senate campaign of Hillary Clinton. Marc Rich was one of more than 100 people President Clinton pardoned just before leaving office in January of 2001. Rich's pardon prompted a public outcry and Congressional investigations into whether the pardon was given in return for Denise Rich's political contributions.

Rich died of a stroke on June 26, 2013, at a Lucerne hospital. He was 78 and is survived by two daughters, Ilona Schachter-Rich and Danielle Kilstock Rich. He was buried in Israel.

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