Wednesday, November 28, 2007

Texas Oilman Sentenced in 'Oil for Food' Case

Texas oilman Oscar Wyatt Jr. was sentenced Tuesday to 12 months and one day in prison for conspiring to violate the rules of the U.N. oil-for-food program.

Wyatt, 83, of Houston pleaded guilty last month and agreed to be sentenced to 18 to 24 months in prison. He also agreed to forfeit $11 million, conceding that he approved a $200,000 illegal payment directly to an Iraqi bank account in December 2001.

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