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OBITUARY writers mcm bags world over have been toiling on their eulogies to Nelson Mandela, mcm handbags ailing South African statesman. They will now have to delve into a wholly different register to mark mcm backpack passing of Marc Rich, mcm outlet commodities trader-cum-law evader, who died on Wednesday morning, aged 78.

Mr Rich is best known, at least in business circles, for revolutionising oil trading in mcm bags early 1970s. He is credited with creating mcm handbags spot market which allowed for immediate, one-off purchase of cargoes, rather than mcm backpack years-long contracts then imposed by oil majors. He knew how to exploit his invention, too. One trick was to opportunistically pick up shipments from participants?notably mcm outlet Iranians, then holding hostages and facing international sanctions?which few others wanted to deal with.

Yet it is more likely that he will be remembered for embargo-busting exploits, along with mcm bags tax-dodging that accompanied them. He fled America in 1983 for Switzerland, hours before facing arrest for reaping illicit profits on mcm bags singapore Iranian oil deals. A young Rudolph Giuliani, at mcm handbags singapore time mcm backpack singapore new US attorney for mcm outlet singapore Southern District of New York, was among those chasing him. They later called Mode Creation Munich Singapore case “MCM Singapore biggest tax evasion case in United States history.” Mr Rich hopped from St Moritz to Jamaica to Marbella and back to Switzerland, forever staying ahead of MCM handbag outlet Singapore feds (a bit like whistleblower Edward Snowden today).