Oscar Wyatt

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Oilman Gets Year in Prison for Iraq Deal

Houston's Wyatt paid off Saddam to secure contract

(Newser) - A prominent Texas oilman will spend about a year in prison for paying off Saddam's regime to secure a big oil contract. Oscar Wyatt, 83, admitting violating the UN's oil-for-food program by paying a secret Iraqi surcharge of $200,000—essentially a bribe. A judge sentenced Wyatt to a year... More »

Oil-for-Food Tycoon Pleads Guilty

Octogenarian Wyatt faces 18 to 24 months, will return $11M

(Newser) - 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... More »

Hillary Holds Tight to Tainted Cash

Others pledge to re-gift alleged oil-for-food profiteer’s donations

(Newser) - While some politicians pledged to dump contributions from a Texas oilman whose trial for paying kickbacks to Saddam Hussein opens this week, Hillary Clinton offered no promises. The presidential frontrunner off-loaded $23,000 from frequent fugitive Norman Hsu recently and returned $850,000 he raised for her, but she’s... More »

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