The Great Salad Oil Scam 1963 | Financial Documentary | American Express 1963 Scandal скачать в хорошем качестве

The Great Salad Oil Scam 1963 | Financial Documentary | American Express 1963 Scandal

The $1.8 Billion Fake Oil Scam That Almost Broke Wall Street In 1963, a high school dropout from New Jersey pulled off the greatest commodity fraud in American history, vaporizing $180 million (over $1.8 billion today) in a matter of days. This cinematic financial documentary explores the Great Salad Oil Swindle—a masterclass in deception that nearly bankrupted Wall Street, threatened to destroy American Express, and quietly helped a young Warren Buffett make his first major fortune. Welcome back to Empire of Wealth. Today, we are looking inside the tanks of the Allied Crude Vegetable Oil Refining Corporation to see how Tino De Angelis fooled the smartest bankers in the United States using nothing but water, underground pipes, and a thin layer of salad oil. What you will learn in this documentary: -How the 1963 commodity lending system was weaponized. -The fatal mistake American Express field inspectors made. -How Warren Buffett used this exact crisis to make millions. -Why the exact same financial loopholes exist today. 🎬 Timestamps: 0:00 - The $1.8 Billion Catastrophe 0:45 - America’s Booming 1960s Economy 2:30 - Tino De Angelis: The Master Swindler 5:00 - How American Express Was Fooled 7:30 - The Collapse: November 1963 10:30 - How Warren Buffett Made Millions 12:30 - Who is Really to Blame? 14:00 - The Financial Cost of the Scam 15:30 - From Salad Oil to Enron & 2008 16:45 - How to Protect Your Money Today Subscribe for more ultra-realistic financial history and deep dives into the greatest market stories ever told. #FinancialHistory #WarrenBuffett #WallStreet #Documentary #Investing #EmpireOfWealth