Wall Street: Boiling in Oil

Wall Street uncomfortably watched the steady spread of one of the worst scandals in its history—the kind that so far disturbs the professionals more than the outsiders. The facts were bad enough: a $90 million brokerage house liquidated, companies defrauded and a long string of creditors and victims left to sort out maneuverings that may cost them well over $100 million (TIME, Nov. 29 et seq.). But one question most fascinated the Street: What had happened to millions of pounds of vegetable oil that either never existed or were somehow spirited away from a huge tank farm in...

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