6 Revealing Chapters in the Salad Oil Swindle Saga that Almost Shattered American Finance

3. The Facade of Legitimacy

The third chapter explores how De Angelis crafted a façade of legitimacy. He skillfully manipulated the market to create an artificial shortage of salad oil, which inflated prices and made his scam appear plausible. Additionally, he earned the trust of major corporations like American Express, which provided him with further credibility. This chapter reveals how De Angelis managed to keep his fraudulent activities under wraps for so long.