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Richard Fuisz
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Richard Fuisz
Richard Carl Fuisz[pronunciation?] (born December 12, 1939) is an American physician, inventor, and entrepreneur, with connections to the United States military and intelligence community. He holds more than two hundred patents worldwide, in such diverse fields as drug delivery, interactive media, and cryptography, and has lectured on these topics internationally. Fuisz is a member of the Board of Regents of Georgetown University, where he and his brother created an annual scholarship honoring their deceased elder sibling, and established the first endowed professorship at the Georgetown University School of Medicine.
Fuisz was born on December 12, 1939, in Bethlehem, Pennsylvania, to Anton Fujs, a Slovenian immigrant from Murska Sobota and Margaret Matuš, a Slovenian-American whose parents had migrated from Prekmurje.
Fuisz and his older brother Robert graduated from Bethlehem Catholic High School before attending Georgetown University, where they both studied biology and eventually completed medical school. Fuisz completed his internship and residency at the Harvard Medical School's Cambridge Hospital campus.
After completing medical school and his residency, Fuisz served as a general physician and lieutenant commander in the U.S. Navy, where he was stationed at the White House during the Johnson administration. Fuisz and his family hold dual citizenship in the United States and Slovenia, and Fuisz endowed the Richard and Lorraine Fuisz Library and the Zoltan Fuisz Scholarship Fund at Moravian Academy for children of Slovenian ancestry.
In the 1970s, Fuisz and his brother co-founded Medcom, Inc., a New York-based firm producing educational and training materials for health-care providers and consumers; Fuisz played the role of a physician in government-subsidized public health films. In 1971, Medcom acquired California-based Trainex Corporation, which supplied medical personnel training materials to the Middle East and North Africa. Fuisz learned Arabic so that he could better supervise Medcom's new division, and during this period Medcom became a top supplier of medical training to Middle Eastern militaries. Fuisz served as president and CEO of Medcom from 1975 until 1982, when the company was purchased by Baxter International, a supplier of hospital equipment, for $52 million. Fuisz initially offered to stay on for a three-year transition period to introduce the new ownership to his clients, but he was instead fired by Baxter chief executive Vernon Loucks.
After Medcom's sale and Fuisz's removal, business declined dramatically in the company's two biggest markets, the United States and Saudi Arabia, and profits plummeted. Then, in 1985 Fuisz sued Baxter over his termination.
When Fuisz arrived at the Baxter offices in Deerfield, Illinois, to sign the settlement and collect his financial compensation of $800,000, Baxter CEO Loucks refused to meet with him; Fuisz later said that he realized at that moment "there was only one way this would end." He claimed to have then spent $35,000 to obtain secret government documents describing Baxter's dealings with Syria, and he sent a 20-page memorandum to Baxter board members outlining his findings. He alleged that Baxter sold their Ashdod facility to Teva Pharmaceutical while simultaneously negotiating the construction of a similar plant in Syria, and that, for this reason, in 1989, they were removed from the Arab League's blacklist. With the help of the American Jewish Congress, he brought the anti-boycott charges to the United States Department of Commerce Office of Anti-Boycott Compliance (OAC). In 1991, OAC referred the case to the Justice Department, resulting in the first-ever criminal prosecution of a company for violating anti-boycott laws in the U.S. In 1993, though the prosecution was unable to prove Fuisz's allegations, Baxter pleaded guilty to illegal delivery of information about its Israeli business to Arab officials, which was prohibited under export control provisions of the EAA, and was assessed $6.5 million in fines and penalties.
In the 1980s, Fuisz was involved in a number of business ventures in the Soviet Union through Leopoldina Import-Export Inc., an international business consulting firm, and Folkon, Ltd., an oil exploration company. Working with a young Mikhail Khodorkovsky, then the head of the Young Communist League, Fuisz exported computers and other electronics to the Soviet Union through the Center for Scientific and Technical Creativity of the Youth, and he would later claim that his business helped to supply computers to the KGB.
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Richard Fuisz
Richard Carl Fuisz[pronunciation?] (born December 12, 1939) is an American physician, inventor, and entrepreneur, with connections to the United States military and intelligence community. He holds more than two hundred patents worldwide, in such diverse fields as drug delivery, interactive media, and cryptography, and has lectured on these topics internationally. Fuisz is a member of the Board of Regents of Georgetown University, where he and his brother created an annual scholarship honoring their deceased elder sibling, and established the first endowed professorship at the Georgetown University School of Medicine.
Fuisz was born on December 12, 1939, in Bethlehem, Pennsylvania, to Anton Fujs, a Slovenian immigrant from Murska Sobota and Margaret Matuš, a Slovenian-American whose parents had migrated from Prekmurje.
Fuisz and his older brother Robert graduated from Bethlehem Catholic High School before attending Georgetown University, where they both studied biology and eventually completed medical school. Fuisz completed his internship and residency at the Harvard Medical School's Cambridge Hospital campus.
After completing medical school and his residency, Fuisz served as a general physician and lieutenant commander in the U.S. Navy, where he was stationed at the White House during the Johnson administration. Fuisz and his family hold dual citizenship in the United States and Slovenia, and Fuisz endowed the Richard and Lorraine Fuisz Library and the Zoltan Fuisz Scholarship Fund at Moravian Academy for children of Slovenian ancestry.
In the 1970s, Fuisz and his brother co-founded Medcom, Inc., a New York-based firm producing educational and training materials for health-care providers and consumers; Fuisz played the role of a physician in government-subsidized public health films. In 1971, Medcom acquired California-based Trainex Corporation, which supplied medical personnel training materials to the Middle East and North Africa. Fuisz learned Arabic so that he could better supervise Medcom's new division, and during this period Medcom became a top supplier of medical training to Middle Eastern militaries. Fuisz served as president and CEO of Medcom from 1975 until 1982, when the company was purchased by Baxter International, a supplier of hospital equipment, for $52 million. Fuisz initially offered to stay on for a three-year transition period to introduce the new ownership to his clients, but he was instead fired by Baxter chief executive Vernon Loucks.
After Medcom's sale and Fuisz's removal, business declined dramatically in the company's two biggest markets, the United States and Saudi Arabia, and profits plummeted. Then, in 1985 Fuisz sued Baxter over his termination.
When Fuisz arrived at the Baxter offices in Deerfield, Illinois, to sign the settlement and collect his financial compensation of $800,000, Baxter CEO Loucks refused to meet with him; Fuisz later said that he realized at that moment "there was only one way this would end." He claimed to have then spent $35,000 to obtain secret government documents describing Baxter's dealings with Syria, and he sent a 20-page memorandum to Baxter board members outlining his findings. He alleged that Baxter sold their Ashdod facility to Teva Pharmaceutical while simultaneously negotiating the construction of a similar plant in Syria, and that, for this reason, in 1989, they were removed from the Arab League's blacklist. With the help of the American Jewish Congress, he brought the anti-boycott charges to the United States Department of Commerce Office of Anti-Boycott Compliance (OAC). In 1991, OAC referred the case to the Justice Department, resulting in the first-ever criminal prosecution of a company for violating anti-boycott laws in the U.S. In 1993, though the prosecution was unable to prove Fuisz's allegations, Baxter pleaded guilty to illegal delivery of information about its Israeli business to Arab officials, which was prohibited under export control provisions of the EAA, and was assessed $6.5 million in fines and penalties.
In the 1980s, Fuisz was involved in a number of business ventures in the Soviet Union through Leopoldina Import-Export Inc., an international business consulting firm, and Folkon, Ltd., an oil exploration company. Working with a young Mikhail Khodorkovsky, then the head of the Young Communist League, Fuisz exported computers and other electronics to the Soviet Union through the Center for Scientific and Technical Creativity of the Youth, and he would later claim that his business helped to supply computers to the KGB.
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