News Summary: Pardoned financier Marc Rich dies

  • Article by: The Associated Press
  • June 26, 2013 - 1:35 PM

THE DEATH: Marc Rich died Wednesday of a stroke at a hospital in Lucerne, Switzerland, near his longtime home. He was 78, and his Israel-based spokesman Avner Azulay said he would be buried Thursday in a kibbutz in Israel.

THE MAN: Rich left Belgium as a boy to escape the Nazis and rose to become the billionaire "King of Commodities."

THE CONTROVERSY: He was indicted for fraud, racketeering and tax evasion but was granted a last-minute presidential pardon by Bill Clinton. Critics said that Rich bought his pardon through donations that his ex-wife had made to the Democratic Party.

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