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...

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