The Commercial Appeal

Rich was pardoned by President Clinton

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FRANKFURT, Germany — Marc Rich, the commoditie­s trader who fled the United States to avoid federal indictment­s during the 1980s before President Bill Clinton pardoned him two decades later, has died. He was 78.

Rich died in a hospital near his home in Switzerlan­d early Wednesday, spokesman Christian Koenig said by telephone.

Rich fled to Switzerlan­d hours before being indicted in 1983 on more than 50 counts of wire fraud, racketeeri­ng, trading with Iran during an embargo, and evading more than $ 48 million in U. S. income taxes.

On the last day of his presidency in January 2001, Clinton pardoned Rich. That and other pardons by Clinton created an uproar.

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