Oil for Food Exposé.

Claudia Rosett gives us an update:

Having stood trial for almost a month in a Manhattan federal courtroom, 83-year-old Texas tycoon Oscar S. Wyatt Jr. struck a deal Monday. He pleaded guilty to conspiracy to defraud the United Nations' former Oil for Food program for Iraq.
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When Saddam's regime systematized its Oil for Food kickback demands across the board in 2000, keeping track of the graft flowing into Saddam's secret coffers became a job so extensive that the marketing arm of Iraq's Ministry of Oil, known as SOMO (State Oil Marketing Organization) developed an electronic database to track the flow of the "surcharges," as they were called.
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As it is, the U.S. stands almost alone in prosecuting the culprits and sending the guilty to prison. In Russia, China, Syria, Cyprus, Yemen, Egypt, Malaysia, the United Arab Emirates, Turkey and Jordan -- to name a few significant players -- there has been no such summons to justice. In Switzerland, home to a cosmopolitan nest of Oil for Food fronts, a number of companies have paid fines to federal and local authorities, but their names and the details have been kept confidential.

Here in America, under terms of his plea deal, Wyatt faces sentencing on Nov. 27 -- likely 18-24 months in prison and forfeiture of $11 million, which federal authorities say they will seek to transfer to the people of Iraq, who are the real victims of Oil for Food fraud.

Read the rest of it here.

oil for food Iraq Saddam Hussein Oscar Wyatt