Language English Pages 256 pp. Country United States of America | Publisher Coward McCann LC Class HV6766.D4 M5 Published 1965 OCLC 265024 | |
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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(Text) CC BY-SA