Pincus Green

Pincus Green (born July 5, 1934) is an American oil and gas commodities trader. In 1983 Green and his business partner Marc Rich were indicted on charges of tax evasion relating to illegal trading with Iran, including deals that were done while the Ayatollahs were holding Americans hostage in Tehran. At the time, it was the largest tax-fraud case in US history. In order to avoid prosecution, Green and Rich fled the United States and moved to Switzerland. However, in 2001 Green and Rich received a controversial presidential pardon from President Bill Clinton, which prompted fierce public criticism as well as a bipartisan Congressional investigation.

Early life Green was born to an Orthodox Jewish family, the seventh of eight children, and raised in Flatbush, Brooklyn. 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.