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Financier Marc Rich dies in Switzerland

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Story Highlights Former trader, known of 'King of Commodities' received controversial pardon in 2001 from then-President ClintonRich, 78, died of a stroke in hospital in Lucerne, SwitzerlandAfter 1983 federal indictment on racketeering, fraud charges, Rich fled to Switzerland GENEVA (AP) — Marc Rich, the trader known as the "King of Commodities" whose controversial 2001 pardon by President Bill Clinton just hours before he left office unleashed a political firestorm of criticism in 2001, died on Wednesday. He was 78. Rich died of a stroke in a hospital in Lucerne, Switzerland, near to his longtime home, according to the Marc Rich Group. His Israel-based spokesman, Avner Azulay, said...

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