Floating Asset

In 1963, Tino De Angelis controlled the world's soybean oil market. Or so it seemed. His company had tanks in New Jersey filled with millions of dollars' worth of oil-collateral for massive loans from American Express. But when inspectors came to measure the inventory, they didn't know the trick: oil floats on water. "e;The Floating Asset"e; details the "e;Salad Oil Scandal,"e; where De Angelis ...