- Feb 11, 2006
American oil tycoon Oscar Wyatt has been sentenced to one year and a day in prison for conspiracy in the UN oil-for-food programme scandal.
The Texas oilman, aged 83, had agreed last month to plead guilty to conspiracy to commit wire fraud.
He admitted he agreed to pay $200,000 (£97,000) into an Iraqi bank account. Under the oil-for-food programme, some companies paid bribes to officials in Saddam Hussein's Iraq in order to secure contracts to buy oil.