Oilman gets 1 YR in prison: oil for food fraud


	Oilman gets 1 YR in prison: oil for food fraud

kkcapricorn

11-27-2007 8:14 PM

221 views

tags:

oil, iraq, prison, theft, corruption

kkcapricorn says:

Who is paying for all of this? He's not the only one doing such things. WAKE UP CALL

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/19d00a95-6fba-4416-becf-9ebe6fda08e2/91D12F83-A3E5-4620-90F8-253E860DDE39/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.wnbc.com/investigations/14708603/detail.html" href="http://www.wnbc.com/investigations/14708603/detail.html" style="font-size: 11px;">www.wnbc.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.wnbc.com/investigations/14708603/detail.html"><B class="Dateline">NEW YORK -- </B>Texas oilman Oscar Wyatt was sentenced Tuesday to one year in federal prison and ordered to pay more than $11 million in restitution in connection with a scheme to make illegal payments to the former government of Iraq under the United Nations Oil-For-Food program, prosecutors said.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.wnbc.com/investigations/14708603/detail.html">Oil-For-Food program was established in the mid-1990s</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.wnbc.com/investigations/14708603/detail.html">The purpose was to allow a limited quantity of Iraqi oil to be sold with the proceeds going to humanitarian purposes, including food and medicine for the Iraqi people</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.wnbc.com/investigations/14708603/detail.html">    Evidence at Wyatt's trial included testimony from two former officials of Iraq's State Oil Marketing Organization who said Wyatt made illegal payments to the Hussein regime</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.wnbc.com/investigations/14708603/detail.html">recorded telephone calls in which Wyatt sought reimbursement from a U.S. oil company for an illegal payment Wyatt caused to be made</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.wnbc.com/investigations/14708603/detail.html">as a result of their investigation into the Oil-For-Food Program, more than $47 million in criminal proceeds has been forfeited</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/91D12F83-A3E5-4620-90F8-253E860DDE39/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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