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Univ. of San Diego School of Law

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Monday, October 1, 2007

Texas Man Pleads Guilty to Conspiracy to Commit Wire Fraud

From washingtonpost.com: Oscar S. Wyatt, the prominent Texas oil man who in 1990 negotiated the release of American oil workers in Iraq, pleaded guilty Monday to paying millions of dollars in bribes to Saddam Hussein's regime in exchange for discounted oil.

Nearing the end of his trial, Wyatt, 83, entered a guilty plea before a federal judge in Manhattan to one count of conspiracy to commit wire fraud for his role in subverting a U.N.-administered humanitarian aid program in Iraq. He is the sixth person to plead guilty in an ongoing federal investigation that has recovered more than $16.5 million in illicit proceeds, which will be returned to Iraq. Rest of Article. . . [Mark Godsey]

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