Oscar Wyatt, Texas Oilman Pleads Guilty in Oil-For-Food Case

posted by   yukta (107)   14 months ago (feeds.feedburner.com)

Oscar Wyatt Jr., the Texas oil tycoon/billionaire, pleaded guilty Oct. 1 to charges that he paid millions of dollars to Iraqi officials to illegally win contracts connected to the U.N. oil-for-food program, reported the Associated Press..

Wyatt told the judge in federal court in Manhattan that he agreed in December 2001 to advise others to pay a surcharge into an Iraqi account in Jordan in violation