It a small world, isn't it?
Vice President Dick Cheney's chief of staff testified Thursday he believes prosecutors of billionaire financier Marc Rich "misconstrued the facts and the law" when they went after Rich on tax evasion charges.
The testimony from Lewis "Scooter" Libby, who represented Rich dating back to 1985 but stopped working for him in the spring of 2000, came during a contentious, hours-long House committee hearing into former President Bill Clinton's eleventh-hour pardons.
Earlier in the day, three former White House advisers all said they recommended that the Rich pardon be denied, but that they supported Clinton's decision-making process.
Facing intense questioning from Rep. Paul Kanjorski, D-Pennsylvania, Libby hedged on whether he thought Clinton's pardon was justified, infuriating the congressman.
http://archives.cnn.com/2001/ALLPOLITICS/03/02/clinton.library/"Did you represent a crook who stole money from the United States government, was a fugitive and should never have been given or granted a pardon by the facts that you know?" snapped Kanjorski.
"No, sir," Libby responded. "There are no facts that I know of that support the criminality of the client based on the tax returns."
Libby then said prosecutors from the Southern District of New York "misconstrued the facts and the law" when they prosecuted Rich.
"(Rich) had not violated the tax laws," said Libby.
At a later point, Libby said he thought Rich was a traitor for his company engaging in trades with Iran at a time when that country was holding U.S. hostages. "I did not condone it, I didn't advise it, I don't admire it," he said.
Marc Rich Biography....
http://www.scoop.co.nz/stories/HL0510/S00322.htmSteal a little and they throw you in jail, steal a lot and they make you king.
- Bob Dylan, “Sweetheart Like You,” Infidels, 1983
Amidst rumors that special prosecutor Patrick Fitzgerald is close to indicting White House officials in the Plame leak case are reports that Scooter Libby was Judith Miller’s source of information. Part One of this series explored Libby’s “handler,” Leonard Garment, a Brooklyn attorney who ushered Libby into three different law firms. As an attorney in one of those firms, Libby represented his wealthiest and most mysterious client—Marc Rich. As only one of a myriad of Rich’s attorneys, Libby, nevertheless, worked for the metal and oil trader for a period of eighteen years. Understanding Marc Rich is essential in understanding Scooter Libby and the financial network which invaded Iraq.
Strategic Metals
Craig Copetas, Marc Rich’s biographer, labels his subject one of the “Metal Men,”<1> and attempts to trace Rich’s mysterious background. The Belgian Reich family fled Europe during World War II, assisted by a Jewish placement agency, and changed their surname to Rich. Marc’s father, David Rich, seems to have engaged in an assortment of secretive businesses—jewelry distribution in Kansas City, Missouri; importing burlap at Melrose Bag in the Bronx, New York; expanding into Sidec Overseas, S.A. and a diversified agricultural import company trading with Bolivia. All of this industry centers around the metal trade, Bolivia being a prime source of silver, zinc, antimony, lead, cadmium, tungsten, gold, and tin since the sixteenth century. In 1976 Bolivia added lithium, a necessary ingredient in nuclear weapons, to its stock of strategic minerals.
While his father was busy trading, young Marc was quietly attending school and going to summer camp. He graduated from the private “Rhodes School” in mid-town Manhattan in 1952, just ten years before a future commerce secretary, Ron Brown, would receive his diploma there.<2> An advertisement for the school in 1917 (see insert) sported photographs of selected members of its illustrious faculty, which included former Harvard and Columbia professor Adolphe Cohn; Alexis I. du Pont Coleman, a scion of the gunpowder and chemicals family that owned Dupont; and Dr. Jose F. de Fernandez, recruited from New York’s Jesuit St. Francis Xavier College. Those years at Rhodes constitute the sum total of Marc Rich’s formal education, apart from a year or so of study at New York University. He dropped out of college in 1954 to begin his trading career at Hamburg-based Philipp Brothers.
Philipp’s London office first opened in 1908. A New York branch appeared in 1927, just nine years before Rich’s boss, Ludwig Jesselson, arrived there from Germany. Philipps Brothers also had close connections to Spain and to Bolivia. David Rich—allegedly in connection with his burlap bag business—traveled frequently to La Paz and even set up a bank there, the American Bolivian Bank. The physical commodities business, according to John K. Castle, “tends to be based… in Brazil, Colombia and the Ivory Coast.”<3> It is difficult to trade physical commodities without arranging for their transportation from one place to another at a certain time.
Marc’s twenty years at Philipp Brothers was spent “buccaneering between North and South America, Africa and Europe…Copper was king at the time, and Rich was one of the metal’s crown princes…He went on to learn tungsten under the direction of Henry Rothschild and Steven Dale, a former British commando who was the tungsten expert….”<4> Rich’s reward was a posting to the Philipp Brothers office in Madrid as manager in 1967. He used this outpost as a base through West Africa and the Middle East, and he gained contacts through his seat on the European management committee in Zug, Switzerland.
Scooter Libby fits that same mold, and he is working for the same people. Further research may reveal who hides behind that curtain.
http://www.scoop.co.nz/stories/HL0510/S00322.htmWho knew Libby and Rich were sooooo interesting!