ZeroHedge has a very interesting and important article about Trafigura that I strongly recommend reading:
Tyler Durden, “Forget Glencore: This Is The Real "Systemic Risk" Among The Commodity Traders,” Zero Hedge, September 29, 2015. Accessed September 29, 2015. Available: http://www.zerohedge.com/news/2015-09-29/forget-glencore-real-systemic-risk-among-commodity-traders
According to this account, Trafigura is in potential trouble. The corporation is privately held but does have publicly held bonds, which just "tanked," according to ZeroHedge.
Trafigura is one of those truly evil corporations. Look at the links I posted at the bottom of this email to see the evidence.
Trafigura is deeply linked to Glencore as well, as explained by ZeroHedge:
Trafigura was formed in 1993 by Claude Dauphin and Eric de Turckheim when It split off from a group of companies managed by Marc Rich, aka "the king of oil" in 1993. Who is March Rich? Why the founder of Glencore of course who as a reminder, was indicted in 1983 on 65 criminal counts including income tax evasion, wire fraud, racketeering, and trading with Iran during the oil embargo.
Upon learning his prison sentence may be as long as 300 years, Rich promptly fled to Switzerland; he was so afraid of US authorities, he even skipped his daughter's funeral in 1996. Marc Rich got a presidential pardon from Bill Clinton in a decision which was blessed by the kingpin of corruption, former DOJ head Eric Holder. Clinton himself later expressed regret for issuing the pardon, saying that "it wasn't worth the damage to my reputation."
Trafigura is another player in the global commodities bubble that is popping
Who knows what types of underhanded deals were made by the company that will now come back to haunt the global economy given the company's proven history of dumping toxic waste:
www.greenpeace.org › ... › Campaign
reports › Toxics
Greenpeace
Sep 25, 2012 - That company was Trafigura.
Trafigura made the toxic waste on board the Probo Koala. Trafigura
knew the waste would be dangerous and ...
www.bbc.com/.../world-africa-1073525...
British Broadcasting Corporation
Jul 23, 2010 - A Dutch court finds
multinational firm Trafigura guilty of illegally exporting toxic
waste from the Dutch port of Amsterdam to Ivory Coast.
www.theguardian.com › Environment ›
Pollution
The Guardian
Sep 25, 2012 - More than six years
after the dumping of large quantities of toxic waste in the Ivory Coast,
there is still nothing to stop a similar disaster in ...
www.statecrime.org/testimonyproject/ivorycoast
The trucks were loaded with toxic
waste produced by the multinational, Trafigura. During the night and
early morning the hazardous materials were dumped at ...
business-humanrights.org/en/trafigura-lawsuits-re-côte-d’ivoire
Lawsuits against Trafigura
over alleged dumping of toxic waste in Abidjan, Côte d�Ivoire (Ivory Coast).
www.nytimes.com/.../trafigura-to-pay-fine-for-exp...
The New York Times
Nov 17, 2012 - In an out-of-court
settlement, the commodity trader Trafigura will pay $1.7 million in
fines for illegally exporting toxic waste to Ivory Coast, Dutch ...
www.facing-finance.org/.../trafigura-dumping-toxic-waste-in-ivory-coast...
Trafigura: Dumping toxic waste in Ivory Coast. One of Trafigura´s
most infamous controversies involved an environmental scandal in Ivory Coast.
In 2006 ...
www.planetexperts.com/abidjan-the-biggest-toxic-waste-scandal-youve-...
Mar 29, 2015 - 2006: Trafigura
Dumps Its Toxic Slops. Back in 2006, the freighter Probo Koala was
looking for a place to dump its waste. The ship itself had a ...
www.voanews.com/content/toxic-waste.../1515095.htm...
Voice of America
Sep 26,
2012 - Harjono said toxic waste was created on the ship because the
company, Trafigura ran out of land options. They then tried to dispose
of the ...