Monday, October 01, 2007

Oil for Food

More than 2,200 companies paid almost $1.8 billion in bribes to the Iraqis to win contracts, according to a 2005 inquiry led by former U.S. Federal Reserve Chairman Paul Volcker. Eight people (in addtion to Oscar Wyatt, who just plead guilty and will forfeit $11 million plus go to jail for 2 years) have pleaded guilty or were convicted of charges stemming from the federal investigation.

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