Chapter
The Story of Fred Koch and His Work with Oil Refineries
04:26 - 06:51 (02:24)
Fred Koch battled oil companies in court and won $1.5 million in the 1930s. He later helped build 15 new oil refineries in the USSR and received half a million dollars in advance from the Soviets despite being anti-communist.
Clips
After a Fred Koch's legal battle with oil companies, in which he was awarded 1.5 million dollars, the Kochs began to believe that justice could be bought and rules are for chumps, leading to their push for deregulation and libertarian ideals in American politics.
04:26 - 05:09 (00:43)
The Koch Brothers
Summary
After a Fred Koch's legal battle with oil companies, in which he was awarded 1.5 million dollars, the Kochs began to believe that justice could be bought and rules are for chumps, leading to their push for deregulation and libertarian ideals in American politics.
ChapterThe Story of Fred Koch and His Work with Oil Refineries
EpisodePart One: Charles Koch: The Luke Skywalker of Rich People
PodcastBehind the Bastards
Fred Koch, founder of Winkler Koch, made a deal with the USSR to help build 15 oil refineries in exchange for half a million dollars.
05:09 - 06:51 (01:41)
Business
Summary
Fred Koch, founder of Winkler Koch, made a deal with the USSR to help build 15 oil refineries in exchange for half a million dollars. Although he was not sympathetic towards communism, he saw an opportunity to make money.