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Flashback Wednesday....Clinton gets $450K for his library and he gives out a pardon.....


Z09
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Marc Rich (born Marcell David Reich; December 18, 1934 – June 26, 2013) was an international commodities trader, hedge fund manager, financier and businessman.[2] He founded the commodities company Glencore, and was later indicted in the United States on federal charges of tax evasion and making oil deals with Iran during the Iran hostage crisis. He was in Switzerland at the time of the indictment and never returned to the United States.[3] He received a widely criticised presidential pardon from U.S. President Bill Clinton on January 20, 2001, Clinton's last day in office.[4]

 

On January 20, 2001, hours before leaving office, U.S. President Bill Clinton granted Rich a controversial presidential pardon. Several of Clinton's strongest supporters distanced themselves from the decision.[25] Former President Jimmy Carter, a fellow Democrat, said, "I don't think there is any doubt that some of the factors in his pardon were attributable to his large gifts. In my opinion, that was disgraceful."[26] Clinton himself later expressed regret for issuing the pardon, saying that "it wasn't worth the damage to my reputation."[9]

Clinton's critics alleged that Rich's pardon had been bought, as Denise Rich had given more than $1 million[27] to Clinton's political party (the Democratic Party), including more than $100,000 to the Senate campaign of the president's wife, Hillary Rodham Clinton, and $450,000 to the Clinton Library foundation during Clinton's time in office.[23]

 

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