Warren Buffett’s Biggest Bet | The Salad Oil King | 1
Business Movers
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Tino's Plan Worked, but It Wasn't Enough
Tino's scheme was so successful that at one point, american express issued allied warehouse receipts for close to 970 million pounds of vegetable oil. American express continued writing receipts, and tino used them to secure millions in bank lons. But then an anonymous whistle blower contacted donald miller to tell him that he believed allied tanks were filled with salt water, not oil.
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