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Double, Double Oil and Trouble | The Salad Oil Scandal

Oh My Fraud

00:00

Then, if He Can Buy Enough of the Futures, He's Got the Market Cornered, Right?

Gipe: A man who owns soybean oil was able to trick a bank into thinking he had eight billion pounds of soibin oil. He then used that money to buy futures for the commodity, which would allow him to corner the market. Gipe says it's kind of awesome and amazing how well his plan worked. "It doesn't a genius to know that oil and water don't mix"

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