Oil magnate Oscar Wyatt pleaded guilty to conspiracy today, ending his trial on federal charges that he paid Saddam Hussein's government millions to secure oil supply deals in the UN oil-for-food program scandal. The 83-year-old Wyatt will serve 18 to 24 months in prison and give up $11 million, Reuters reports.
"The quicker I get it over with the better," said Wyatt, who will no longer face the other four charges against him. He is the seventh person involved in the scandal to be convicted, although 2,200 companies were implicated in a UN inquiry. Wyatt faced copious evidence, including a recording of an incriminating phone call with Saddam.