Great Salad Oil Swindle
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The Great Salad Oil Swindle (Baltimore, MD: Penguin Books, 1965) is a book by Wall Street Journal reporter Norman C. Miller about Tino De Angelis, a New York-based commodities trader who bought and sold vegetable oil futures contracts around the world. In 1962, De Angelis started a huge scam, attempting to corner the market for soybean oil, used in salad dressing. In the aftermath of the Great Salad Oil Swindle, investors in 51 banks learned that he had bilked them out of about $175 million in total ($1.2 billion in year 2000 dollars). Miller won a Pulitzer Prize in 1964 for his reporting on the De Angelis story.
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