Rich Is Poorer

A fugitive's $200 million debt

The check that U.S. Attorney Rudolph Giuliani held aloft at a New York City press conference last week looked just like one that a homeowner might use to pay the gas bill. But to Giuliani and dozens of other federal investigators, their check was a prized hunting trophy. Made out to the United States of America and drawn on Chase Manhattan Bank, the check for $113,018,306.71, along with other payments, concluded a 13-month tax-fraud prosecution of two companies controlled by fugitive Commodities Broker Marc Rich. The total settlement of nearly $200 million, said Giuliani, "represents the largest...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!