Tino De Angelis

Anthony "Tino" De Angelis (November 3, 1915 – September 26, 2009) was a Bayonne, New Jersey, commodities trader 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 ($1.52 billion today) in what became known as the Salad Oil scandal after he failed to corner the soybean oil market. (Soybean oil is used in salad dressing).

Tino De Angelis

Anthony "Tino" De Angelis (November 3, 1915 – September 26, 2009) was a Bayonne, New Jersey, commodities trader 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 ($1.52 billion today) in what became known as the Salad Oil scandal after he failed to corner the soybean oil market. (Soybean oil is used in salad dressing).