Anthony "Tino" De Angelis (November 3, 1915 – September 26, 2009) was an American commodities trader and convicted fraudster who dealt in vegetable oil futures worldwide. In 1962 De Angelis' company, Allied Crude Vegetable Oil Refining Corporation, bilked 51 banks out of over $180 million ($1.89 billion today) in what became known as the salad oil scandal after he failed to corner the soybean oil market.
Anthony "Tino" De Angelis (November 3, 1915 – September 26, 2009) was an American commodities trader and convicted fraudster who dealt in vegetable oil futures worldwide. In 1962 De Angelis' company, Allied Crude Vegetable Oil Refining Corporation, bilked 51 banks out of over $180 million ($1.89 billion today) in what became known as the salad oil scandal after he failed to corner the soybean oil market.
Source: Wikipedia "Tino De Angelis" · CC BY-SA 4.0
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