Pincus Green

Green was born to an Orthodox Jewish family, the seventh of eight children, and raised in Flatbush, Brooklyn. His father was a distributor of confectionery. As a youth, Green attended Jewish parochial schools but dropped out of high school to support his family when he was 16. == Career ==

In 1953, at the age of 17, he got a job working the mailroom at the commodity trading firm, Philipp Brothers. In 1954, Philipps hired Marc Rich in the mailroom and they soon became friends. Both quickly advanced in the company and eventually became top traders in Europe especially in oil trading, Rich in Spain and Green in the Philipps' office in Zug. In 1974, they left Philipp Brothers to form their own company, Marc Rich AG, headquartered in Zug, Switzerland. == Indictment and pardon ==

In September 1983, a federal grand jury in New York returned a 51-count indictment against Marc Rich, Pincus Green, and their companies. A superseding indictment adding an additional 14 counts for a total of 65 was filed in March 1984. It included a variety of serious charges such as evading taxes on more than $100 million in revenues, mail and wire fraud, racketeering and trading with an enemy, Iran, during the Iranian hostage crisis. Green along with his partner Marc Rich, The pardon was sharply criticized, with the New York Times calling it "a shocking abuse of presidential power". An investigation by Salon found "an extraordinary tale of international influence peddling and wheeling and dealing" behind the pardon, and Time magazine noted that the pardon of Rich and Green "sparked an investigation into whether it was bought by the hefty donations Rich's ex-wife, Denise, had given to the Clintons and the Democrats." The announcement of the pardon led to an investigation by the US Attorney's Office in New York and the FBI and it also prompted the Congressional House Government Reform Committee to launch a bipartisan investigation, and in May 2002 the committee issued a report which stated: It has been reported that Green has been in retirement since he underwent heart surgery in late 1990. In 2005, his net worth was estimated by Forbes magazine at US$1.2 billion. ==See also==