Texas Oil Tycoon Put in Prison for Oil-For-Food Scandal - GoFuckYourself.com

dav3 · 11-27-2007, 02:39 PM

Quote:

NEW YORK (Reuters) - Texas oilman Oscar Wyatt, 83, was sentenced to one year and one day in prison on Tuesday for conspiracy in the U.N. oil-for-food scandal, becoming the most prominent figure jailed over corruption in the program to buy oil from Saddam Hussein's Iraq.

The outspoken self-made oil tycoon was sentenced in Manhattan federal court after he pleaded guilty to conspiracy to commit wire fraud in October, four weeks into his criminal trial and just before prosecutors were to rest their case.

Under his plea agreement, prosecutors dropped four other counts against him, cutting short a trial in which they made a case that he paid secret kickbacks to Saddam's government to win oil contracts from Iraq.

The U.N. program was established to help Iraq sell oil to buy humanitarian supplies while it was otherwise under U.N. sanctions due to its 1990 invasion of Kuwait.

But a U.N.-commissioned inquiry headed by former U.S. Federal Reserve Chairman Paul Volcker found the program was corrupted by 2,200 companies in 66 countries that paid $1.8 billion in kickbacks to Iraqi officials to win supply deals.

At trial, prosecutors said Wyatt was at the forefront of the scheme and presented bank transactions, U.N. records and Iraqi government documents to back their claim that Wyatt paid kickbacks to secure Iraqi oil contracts.

As part of the plea deal, Wyatt admitted he agreed to pay a $200,000 surcharge into an Iraqi account in Jordan and he agreed to forfeit $11 million.

http://www.reuters.com/article/topNe...51695120071127

dav3 · 11-27-2007, 05:17 PM

So what you guys think about this? Think there will be any more people getting in trouble over the 'Oil for Food' program?

After Shock Media · 11-27-2007, 05:22 PM

I see he got hit for 11.2 million, but how much did he make?

Oh ya a year and a day in jail too.

minusonebit · 11-27-2007, 06:06 PM

I'd do a year and a day if I could get away with stealing massive sums of money, like this asshole did. Typical bullshit.

directfiesta · 11-27-2007, 06:13 PM

He must be a mousliam .... or an arob .....

reaching_into_the_muck · 11-27-2007, 06:19 PM

IF I was 83 years old and had millions of dollars I would spend everyday having whores smother my face with their asses, not still working!!!

pornguy · 11-27-2007, 06:28 PM

I dont think that will hurt his bottom line at all.

directfiesta · 11-27-2007, 06:33 PM

Quote:

Originally Posted by pornguy

I dont think that will hurt his bottom line at all.

..aside that he could die in jail ....

did you read the article, or just pulled on the dumb answer string?

dav3 · 11-27-2007, 07:46 PM

Quote:

But a U.N.-commissioned inquiry headed by former U.S. Federal Reserve Chairman Paul Volcker found the program was corrupted by 2,200 companies in 66 countries that paid $1.8 billion in kickbacks to Iraqi officials to win supply deals.

Which company will be next to go down? Place your bets!

tony286 · 11-27-2007, 07:53 PM

A typo we get 5 yrs, fucking over the country you get a year and a day. lol

11-27-2007, 05:17 PM	#2
dav3 Confirmed User Industry Role: Join Date: May 2007 Posts: 7,348	So what you guys think about this? Think there will be any more people getting in trouble over the 'Oil for Food' program? __________________ Webmasters :: Juicy Ads :: ACWM :: Crak Revenue :: Money Tree

11-27-2007, 05:22 PM	#3
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	I see he got hit for 11.2 million, but how much did he make? Oh ya a year and a day in jail too. __________________ [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

11-27-2007, 06:13 PM	#5
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Montreal, Quebec Posts: 29,807	He must be a mousliam .... or an arob ..... __________________ I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time ....

11-27-2007, 06:28 PM	#7
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	I dont think that will hurt his bottom line at all. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

11-27-2007, 06:06 PM	#4
minusonebit So Fucking Banned Join Date: Feb 2006 Location: [email protected] Posts: 7,391	I'd do a year and a day if I could get away with stealing massive sums of money, like this asshole did. Typical bullshit.

11-27-2007, 06:19 PM	#6
reaching_into_the_muck Registered User Join Date: Nov 2007 Posts: 89	IF I was 83 years old and had millions of dollars I would spend everyday having whores smother my face with their asses, not still working!!!

11-27-2007, 07:53 PM	#10
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	A typo we get 5 yrs, fucking over the country you get a year and a day. lol