Pardoned financier Marc Rich dies in Switzerland at 78

Marc Rich earned billions of dollars cornering commodities markets.
Marc Rich earned billions of dollars cornering commodities markets.1998 ap file

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Marc Rich, the former fugitive oil trader and founder of the commodities trading giant Glencore International, died Wednesday in Lucerne, Switzerland. He was 78.

The cause was a brain stroke at a hospital, according to a statement from his spokesman.

Mr. Rich courted controversy throughout his colorful career, and was indicted by the United States in the early 1980s on charges of tax evasion and illegally trading with Iran.

After being one of the country’s most famous fugitives for the next two decades, Rich eventually received a pardon from President Clinton on his last day in office in early 2001.

The pardon brought the oil trader back into the headlines after it was revealed that Rich’s former wife, Denise Eisenberg, had given donations to the Democratic Party in 2000, according to official records.

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