The salad oil scandal, also referred to as the soybean scandal, was an American major corporate scandal in 1963 that caused over $180 million ($1.79 billion today) in losses to corporations including American Express, Bank of America and Bank Leumi, as well as many international trading companies.[1] The scandal's ability to push otherwise cautious and conservative lenders into increasingly risky practices has prompted some comparisons to later financial crises including the 2007–2008 subprime mortgage crisis.[2]
The scandal involved the Allied Crude Vegetable Oil company in New Jersey in the United States, owned by Anthony "Tino" De Angelis, a former commodities broker. De Angelis had been in trouble with the law previously for supplying schools with beef from uncertified sources under the National School Lunch Act.
^Malone, Noreen (2012-04-01). "Salad Oil Swindle!". New York. Retrieved 2020-02-07.
^Justice Litle (2007-09-05). "Tactical View: A Little Help From Our Friends". Financial Sense Editorials. Archived from the original on 21 September 2007. Retrieved 2007-11-26. Given CFC's size and general reputation (tarnished subprime activities aside), the company's woes bear at least passing resemblance to the 'salad oil scandal' that hit American Express in the 1960s. Alt URL
The saladoilscandal, also referred to as the soybean scandal, was an American major corporate scandal in 1963 that caused over $180 million ($1.79 billion...
vegetable oil futures contracts. The book was published in 1965 by Coward McCann. In 1963, De Angelis was responsible for the SaladOilscandal, a major...
Walter Ron Williams Other The Adventures of Seinfeld & Superman SaladOilscandal World Monuments Watch 65 Broadway Falmer Stadium Small Business Saturday...
their anticipated loans Tino De Angelis, perpetrator of the 1963 Saladoilscandal, which ultimately caused over $180 million ($1.79 billion today) in...
public relations chief of American Express, after admitting to the entire scandal. In July 1989, American Express publicly apologized to Edmond Safra and...
Walter Ron Williams Other The Adventures of Seinfeld & Superman SaladOilscandal World Monuments Watch 65 Broadway Falmer Stadium Small Business Saturday...
Corporation of America (RCA). It also helped finance the rapidly growing oil industry, including the companies Halliburton and Kerr-McGee. In the 1950s...
Walter Ron Williams Other The Adventures of Seinfeld & Superman SaladOilscandal World Monuments Watch 65 Broadway Falmer Stadium Small Business Saturday...
Walter Ron Williams Other The Adventures of Seinfeld & Superman SaladOilscandal World Monuments Watch 65 Broadway Falmer Stadium Small Business Saturday...
Walter Ron Williams Other The Adventures of Seinfeld & Superman SaladOilscandal World Monuments Watch 65 Broadway Falmer Stadium Small Business Saturday...
Walter Ron Williams Other The Adventures of Seinfeld & Superman SaladOilscandal World Monuments Watch 65 Broadway Falmer Stadium Small Business Saturday...
Walter Ron Williams Other The Adventures of Seinfeld & Superman SaladOilscandal World Monuments Watch 65 Broadway Falmer Stadium Small Business Saturday...
Making the customers whole: the death of a president (tale of the SaladOilScandal — which was publicly revealed at about the time of the JFK assassination)...
Walter Ron Williams Other The Adventures of Seinfeld & Superman SaladOilscandal World Monuments Watch 65 Broadway Falmer Stadium Small Business Saturday...
Walter Ron Williams Other The Adventures of Seinfeld & Superman SaladOilscandal World Monuments Watch 65 Broadway Falmer Stadium Small Business Saturday...
Walter Ron Williams Other The Adventures of Seinfeld & Superman SaladOilscandal World Monuments Watch 65 Broadway Falmer Stadium Small Business Saturday...
Walter Ron Williams Other The Adventures of Seinfeld & Superman SaladOilscandal World Monuments Watch 65 Broadway Falmer Stadium Small Business Saturday...
Walter Ron Williams Other The Adventures of Seinfeld & Superman SaladOilscandal World Monuments Watch 65 Broadway Falmer Stadium Small Business Saturday...
its name with the Watergate scandal of the 1970s, although the name's origin is not clear. The cake pre-dates Watergate salad, a dessert made with similar...
Walter Ron Williams Other The Adventures of Seinfeld & Superman SaladOilscandal World Monuments Watch 65 Broadway Falmer Stadium Small Business Saturday...
the Mediterranean Basin, and extracting the oil. It is commonly used in cooking for frying foods or as a salad dressing. It can also be found in some cosmetics...
Horizon drilling accident and oil spill. Represented American Express in its defense against claims related to the SaladOilScandal. Represented Pacific Coast...
Walter Ron Williams Other The Adventures of Seinfeld & Superman SaladOilscandal World Monuments Watch 65 Broadway Falmer Stadium Small Business Saturday...
Walter Ron Williams Other The Adventures of Seinfeld & Superman SaladOilscandal World Monuments Watch 65 Broadway Falmer Stadium Small Business Saturday...
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