gnostek1 / 2Anthony "Tino" De Angelis
- 01Inspectors measured oil levels by dipping rods into tanks — De Angelis pumped oil between tanks to fool simultaneous checks.
- 02The fraud's 1963 collapse triggered losses that bankrupted brokerage firms Ira Haupt & Co. and Allied Crude Vegetable Oil.
- 03Total borrowed against nonexistent oil reached $175 million — roughly $1.7 billion in today's money.