Neha Patil (Editor)

The Great Salad Oil Swindle

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Language
  
English

Pages
  
256 pp.

Author
  
Norman Charles Miller

Country
  
United States of America

Publisher
  
Coward McCann

LC Class
  
HV6766.D4 M5

Published
  
1965

OCLC
  
265024

The Great Salad Oil Swindle httpsimagesnasslimagesamazoncomimagesI5

Genres
  
Non-fiction, Business, Economics

The great salad oil swindle


The Great Salad Oil Swindle is a book by Wall Street Journal reporter Norman C. Miller about Tino De Angelis, a New Jersey-based wholesaler and commodities trader who bought and sold vegetable oil futures contracts. The book was published in 1965 by Coward McCann.

Contents

Overview

In 1962, De Angelis was responsible for a major financial scam, attempting to corner the market for soybean oil, which can be used in salad dressing. In the aftermath of the Salad Oil Scandal, investors in 51 banks learned that he had swindled them out of about $175 million in total (approximately $1.2 billion in 2000 dollars).

Recognition

Miller won a Pulitzer Prize in 1964 for his reporting on the De Angelis story in the Wall Street Journal, on which the book is based.

References

The Great Salad Oil Swindle Wikipedia