That’s Rich

You. Can. DO IT! Photo: Getty Images

The latest Madoff victim is someone who actually deserves it. Marc Rich, the commodities trader who fled to Switzerland in the eighties to escape prosecution for evading more than $48 million in taxes and running illegal oil deals (and was later pardoned by President Clinton), had $10 to $15 million invested with Old Berns, his office confirmed today. Will Rich be applying for SIPC help to recover a percentage of funds? The idea makes even the Times snicker: "'I don’t think you’ll ever see Marc Rich personally,' said John F. Fornaciari, a Washington defense lawyer at Sheppard Mullin, who had to stifle a laugh thinking about the legal complications stemming from the flight from justice and the contested pardon." [NYT]